Freshfields Bruckhaus Deringer has pushed up revenue by 1 per cent at the 2013/14 year end to £1.232bn, while average profit per equity partner (PEP) increased by 6 per cent from £1.398m to £1.48m. Net profit has also climbed upward by 5 per cent from £548m to £578m for 2013/14 (5 July 2013). When foreign […]
Ashurst has announced turnover of £586m in the first combined results since the UK firm fully merged with its Australian arm, with average profit per equity partner (PEP) hitting £801,000. The results for the 2013/14 financial year are the first to integrate the two firms’ figures, after partners voted in favour of a full financial […]
Revenue at Fieldfisher has broken through the £100m barrier for the first time hitting £104m, an increase of 9.5 per cent on £95m for 2012/13. Fieldfisher also reported a 12 per cent rise in net profit, from £21m to £23.5m in 2013/14 – its highest point since the £26m recorded in 2007/08. Meanwhile, its average […]
Olswang has reported a 7 per cent growth in revenue for the 2013/14 financial year, with total turnover rising from £110m to £117.6m. The technology, media and telecoms firm’s final financials are still subject to verification and audit but Olswang said it anticipated its average profit per equity partner (PEP) figure would drop by 3.9 […]
Eversheds’ revenue rose by 2 per cent at the end of 2013/14 from £376m to £384m, while net profit increased just 1 per cent from £85.4m to £86.2m. Average profit per equity partner increased 13.6 per cent from £642,000 to £729,000. The firm said bonus payments to staff increased by 22 per cent year-one-year. Revenue […]
Herbert Smith Freehills (HSF) turned over £800m in its first full year as a merged firm, with a net profit of £232m giving it a margin of 29 per cent for 2013/14. Following the combination of the respective firms’ profit pools and subsequent restructure of the combined firm’s remuneration system, average profit per equity partner […]
Total revenue at Allen & Overy (A&O) rose by just 2 per cent last year from £1.21bn to £1.23bn in 2013/14, despite the firm having posted a 7.5 per cent rise at the half-year stage. Average profit per equity partner (PEP) stood at £1.12m, a 7 per cent increase on the previous year’s figure of […]
Nabarro has posted flat revenue for the 2013/14 year-end up 0.3 per cent from £116.3m to £116.7m, while average profit per equity partner (PEP) grew by 10.5 per cent from £430,000 to £475,000. Net profit has also increased, climbing 8 per cent, from £31.6m to £34.1m. It is the third consecutive year of net profit growth […]
Revenue soared to its highest-ever level at Clifford Chance in the 2013/14 financial year to reach £1.359bn, 7 per cent boost on the £1.271bn turnover posted at the end of the previous financial year. Average profit per equity partner is up 16 per cent from £1m in 2012/13 to £1.14m (8 July 2013). It is […]
Bird & Bird has posted a revenue rise of 4 per cent from £249m to £259m but has indicated that net profit will be down on the £47.5m reported at the 2012/13 year end. It comes after an expansive year at the firm, which has seen it push for growth in the Asia Pacific region. […]
Stephenson Harwood grew its revenue by 8 per cent from £112.3m to £121m over the course of the 2013/14 financial year (15 July 2013). The uptick marks the fifth year of consecutive growth for the firm, which has seen its turnover rise each year since 2008/09, when turnover stood at £85.1m. This growth is mirrored […]
Law Society chief executive Des Hudson – who six months ago suffered a humiliating formal vote of no confidence – was awarded a 25 per cent pay rise last year, according to figures from the body’s annual report. The figures, released in the last few days, shows Hudson’s pay-package rose to £355,000 – but owing […]