Hill Dickinson has posted a 0.4 per cent increase in turnover to £111.9m for 2013/14 from £111.5m in the previous year. The firm is yet to release details of its profitability for the latest financial year but in 2012/13 Hill Dickinson reported a 15 per cent drop in average profit per equity partner (PEP) to […]
Berwin Leighton Paisner has unveiled a 5.6 per cent rise in turnover for the 2013/14 financial year to £246m and boosted profit per equity partner (PEP) to £542,000. Last year the firm’s revenue dropped 5 per cent from £246m to £233m for 2012/13 but the firm delayed releasing its PEP figure until September, when it […]
Unprecedented consolidation in the consumer insurance market has halved the number of key industry players in the UK200, The Lawyer’s research has revealed. Of 22 of the UK200’s key consumer insurance firms active in 2009 only 14 remained in 2013 – and only 11 today. At the end of the 2012/13 financial year, over half […]
Clarke Willmott has posted revenue growth for the first time since 2007/08 with turnover climbing 9.3 per cent to £36.2m at the latest year-end. The bounce back comes after five years of falling revenues, with average profit per equity partner (PEP) falling to a 10-year low at the end of 2012/13 to £140,000 from £163,000 […]
Kennedys has called on its fixed-share partners (FSPs) to top up their capital contributions to 30 per cent of their salaries in response to HM Revenue & Customs’ (HMRC) changes to partnership taxation. Kennedys was one of the first of the top 100 firms to launch a consultation with its partners in response to HM […]
Bristol-headquartered TLT anticipates profit will increase at the firm on the back of an 18 per cent increase in turnover from £49m to £57.9m for the 2013/14 financial year. At the end of the 2012/13 financial year TLT posted a 10 per cent increase in revenue to nearly £50m as the firm unveiled plans to […]
Shearman & Sterling has boosted associate salary rates across the board in its latest UK lawyer salary review, a move which follows a London turnover rise of 20 per cent. Although there were no special bonuses on the back of the financial results, the US firm has chosen to increase pay rates across its three-tier […]
Forsters and Michelmores have reported double-digit growth in revenue for the 2013/14 financial year and net profit is also expected to have risen at both firms. Mayfair firm Forsters’ turnover increased 12 per cent from £32.5m to £36.5m, with profit from the audited accounts coming in at 17 per cent higher than last year. Average […]
Osborne Clarke’s turnover shot up by more than a quarter in 2013/14, from £112m to £142m, setting all staff members up for a 2 per cent bonus. The preliminary results come off the back of a 14 per cent increase in revenue in 2012/13, from £98m to £112m, meaning that the firm’s revenue has increased […]
The top 100 independent firms saw a collective rise in turnover of just under €200m last year, exclusive research for The Lawyer European 100 2014 has revealed. Europe’s largest firms together brought in €8.2bn of revenue in 2013, up from just over €8bn in 2012 – a rise of 2.4 per cent. Iberia’s Garrigues remains […]
Weightmans has continued its growth trajectory with a 6 per cent increase in turnover, from £82m to £87m for the 2013/14 financial year. The increase follows a similar 6 per cent rise between 2011/12 and 2012/13 (15 May 2013). The firm said net profit had risen by 2 per cent, to £24.1m, with net debt […]
Charles Russell’s turnover increased by 7 per cent in 2013/14 from £68.9m to £73.4m, marking a new record for the firm. The results follow the previous year’s relatively static financial results, which saw revenue shuffle from £68.1m up to £68.9m. Net profit increased between 2011/12 and 2012/13 by 8.4 per cent from £12.6m to £13.7m, […]