Magic circle revenue growth falters in face of spiralling costs

News Article - 26/02/2013 : revenue, Finance

The magic circle is struggling to keep revenues growing at a faster pace than costs, The Lawyer’s report into a cross section of firms’ LLP accounts show.

Out of the four magic circle firms, Clifford Chance and Linklaters...

Econocom announces 2012 preliminary and full-year results

News Article - 28/01/2013 : annual turnover, financial results, revenue, Technology

Econocom, the European leader in business- to-business ICT infrastructure management, has announced its unaudited preliminary full-year revenue and results for 2012. These results are in line with the guidance announced by the Group at...

Quinn Emanuel's fast-growing City base sees revenues rise once more

News Article - 10/01/2013 : revenue, Finance

Quinn Emanuel Urquhart & Sullivan's London arm saw cash revenues rise to £27.5m last year, a 20% jump on the fast-growing firm's 2011 figures.

Richard East, the co-managing partner of the ten-partner City base, estimated that...

Ashurst defers partner payouts after first-half turnover slump

News Article - 26/11/2012 : partner payouts, revenue, Finance

Ashurst partners will not receive distributions this quarter after the firm decided to defer profit payments.

The move follows news that firm’s half-year revenues were down 6 per cent for the first six months of 2012/13 compared...

SJ Berwin sees marginal decline in revenues at half-year point

News Article - 14/11/2012 : revenue, Finance

SJ Berwin has posted a marginal decline in revenue for the first half of 2012-13, with billings for the first six months of the financial year coming in at around £83m.

The turnover figure for the half year ending 31 October...

Clydes posts 37% half-year revenue hike following Barlows merger

News Article - 14/11/2012 : revenue, Finance

 

Clyde & Co has posted a 37% revenue increase at the half-year point of 2012-13, following last year's merger with Barlow Lyde & Gilbert.

The UK top 20 firm has seen turnover reach around £145m for the first...

Global mobility set to rise

News Article - 06/11/2012 : emerging markets, global mobility, revenue, Human Resources

According to the Global Mobility Effectiveness Survey 2012, compiled by consultancy Ernst & Young, this number is expected to almost double over the next three years.

The report suggests that many global companies are directing...

Briefing People - law firm leaders special November 2012

Resource - 02/11/2012 : BD, business development, CMO, compliance, COO, Finance, General, hr, HR director, IT director, KM, knowledge management, marketing, OLIL, operations, revenue, revenuetion, revenution, risk, Technology, Finance, Human Resources, Knowledge Management, Marketing & BD, Risk & Compliance, Technology, Practice Management

Top legal business services leaders, in their own words

Briefing's first interview-only special, including eight legal business services leaders talking about how they're helping drive their firms into...

Simmons confirms Singapore launch as it targets Asia for 20% of revenues

News Article - 02/11/2012 : law firm expansion, revenue, Finance

Simmons & Simmons is targeting Asia for around a fifth of its global revenues as it pushes ahead with plans to launch an office in Singapore.

The City firm wants to see 20% of its revenues coming from Asia within the next three...

Mishcons targets 25% increase in revenues to £100m over three years

News Article - 26/10/2012 : revenue, Finance

Mishcon de Reya has set out plans to grow revenues to £100m by 2016, with the target representing a 25% increase on where the firm expects to be at the close of the current financial year. 

The UK law firm, which broke into...

Freeth Cartwright to merge with Oxford firm Henmans

News Article - 10/10/2012 : merger, revenue, Finance

National firm Freeth Cartwright is set to merge with Oxford-based Henmans, in a deal which will create a combined entity worth nearly £50m.

The deal is due to go live on 1 February 2013, when Henmans will join the Freeth Cartwright...

UK top 100 largest law firms suffer slowest rise in quarterly revenue in nearly two years

News Article - 28/09/2012 : financial results, revenue, Finance

The UK's 100 largest law firms by revenue have seen their slowest income growth rate for six quarters, with the largest firms seeing the most sluggish growth.

Results from Deloitte's quarterly law firm survey show an average...

ABS first-movers Co-op and Slater & Gordon post rising revenues

News Article - 28/08/2012 : ABS, revenue, Finance, Finance

Co-operative Legal Services (CLS) and Slater & Gordon - two of the early adopters of the alternative business structure (ABS) model – have posted rising revenues in their latest financial reports.

In its 2012 half-year report,...

Bold merger moves propel Norton Rose and Ashurst up global rankings

News Article - 27/07/2012 : magic circle, revenue, Finance, Finance

Norton Rose and Ashurst have emerged as the fastest-growing firms over 2011-12 in Legal Week's global rankings, which take into account revenues generated across both UK and international profit centres tied with the firms.

Norton...

Dundas posts 35% partner profits dip as revenue falls by 12%

News Article - 23/07/2012 : financial results, revenue, turnover, Finance, Finance

Dundas & Wilson has seen profit per equity partner (PEP) fall by more than a third during 2011-12, while revenue also saw a double-digit drop after a challenging financial year for the firm.

Total turnover at the Scots firm...