Medium-sized firms lead way on fee income, profits and PEP

News Article - 12/06/2014 : fee income, medium-sized firms, net profits, pep, Research, Finance, Practice Management

Law firms with 11 to 25 partners are leading the way out of recession, with rising fee incomes, net profits and a 21% surge in profit per equity partner (PEP), research has found.

The annual benchmarking report for 2013 by MHA, a UK-wide...

Magic circle muscles in on silver circle with fee drops and 'freebies'

News Article - 19/01/2012 : fee income, magic circle, silver circle, Finance, Finance

The fees bubble has finally burst, with top-end hourly rates falling by 30 per cent or more as the financial crisis finally catches up with legal bills.

An annual hourly rates survey carried out by costs lawyer Jim Diamond has revealed...

Magic circle hourly rates drop by third as clients flex muscles

News Article - 19/01/2012 : fee income, magic circle, Finance, Finance

Annual fee rates survey shows work-hungry top guns drop fees to £450 as they raid mid-market for business

Magic circle partner rates have fallen to levels not seen in more than a decade as top firms muscle in on mid-market...

UK top 10 suffer steep Q1 fee income drop as slowdown hits biggest firms hardest

News Article - 19/01/2012 : fee income, financial results, recession, Finance, Finance

Deloitte research finds largest law firms saw 7.7% annual fall in turnover in first quarter of 2009-10

Fee income across the UK's top 10 law firms fell faster during the first quarter of 2009-10 than across the rest of the top 100,...

Beachcroft posts 14 per cent hike in fee income

News Article - 19/01/2012 : beachcroft, fee income, Finance, Finance

Beachcroft has seen fee income rise to £62m at the half-year point - a 14 per cent rise compared with the same period last year.

Managing partner Paul Murray said the increase was a result of significant investment in the health and...

New Deloitte research shows falling fee income at top firms in Q2

News Article - 19/01/2012 : deloitte, fee income, Finance, Finance

The UK's top 100 law firms saw fee income fall for the third consecutive quarter in the three-month period ending 31 October, with the largest firms seeing the biggest decline according to new research from professional services firm Deloitte....

Legal market evinces mixed emotions as new decade promises big changes

News Article - 19/01/2012 : fee income, Legal Services Act, merger, outlook, outsourcing, Finance, Finance, Human Resources, Knowledge Management, Marketing & BD, Technology

Fee models, outsourcing and the implications of the Legal Services Act (LSA) are among the hot topics as the legal market gears up for a tough 2010. Indeed, it is the need to adapt to a changing market that is exercising most minds at the cutting...