Staff parking tax could cost workers £350 a year

News Article - 19/01/2012 : revenue, tax, VAT, Finance, Finance, Human Resources

Employees who drive to work could be hit with a new car parking tax as a growing number of local authorities consider the fund-raising measure.

Motorists may be charged up to £350 per year to park at their workplace under the scheme...

Eversheds debt recovery spinoff firm appoints new COO with GE Money hire

News Article - 19/01/2012 : revenue, tax, Human Resources, Human Resources, Practice Management

Eversheds spinoff firm Fairfax Solicitors has appointed a new chief operating officer with a senior hire from GE Money.

Gary Marshall joined the firm earlier in the summer from GE, where he was responsible for collections operating. He has...

ADERANT Introduces Innovative Found Time Application

News Article - 19/01/2012 : aderant, revenue, time management, Finance, Finance, Technology

ADERANT, a global provider of business, financial, and information management software for law and professional services firms, today announced the introduction of its newest ADERANT Expert module, Found Time.

Found Time assists...

Thomas Eggar brings in US strategy guru

News Article - 19/01/2012 : revenue, strategy, Practice Management, Practice Management

Joey Smith has been brought in to help the firm deliver its three-year business plan and help drive its plans for growth. He will also attend its quarterly partner council meetings.

Smith will continue in his role as chairman of Virginia-...

Bakers London office sees PEP jump 56% as firm reveals 2009-10 results

News Article - 19/01/2012 : financial results, pep, profitability, revenue, Finance, Finance

Baker & McKenzie has posted its results for the last financial year, including a 56% hike in partner profits in the US firm's London office.

Bakers took in firmwide turnover of $2.1bn (£1.3bn) for the year ending 30 June,...

Trowers reviews associate roles in wake of public sector spending cuts

News Article - 19/01/2012 : redundancies, revenue, Finance, Finance, Human Resources

Trowers & Hamlins is considering making a number of redundancies following the Government's recent announcement on public sector spending cuts.

Trowers confirmed that it is currently reviewing three or four associate roles in its...

Taxing thoughts: 10 budget predictions from Grant Thornton

News Article - 19/01/2012 : budget, grant thornton, recession, revenue, tax, VAT, Finance, Finance, Practice Management

"This pre-election Budget will focus entirely on what the Chancellor did to maintain market stability during the recent economic crisis. It is unlikely that he will set out further bold tax rises as every vote will count in the run up to the...

Lovells shakes up salaried partner bonus ahead of merger

News Article - 19/01/2012 : hogan, lovells, merger, non-equity partner, remuneration, revenue, Finance, Finance, Human Resources, Practice Management

Lovells is set to change the way it pays bonuses to its non-equity partners to bring them in line with merger partner Hogan & Hartson.

The new system will see Lovells' salaried partners receive a fixed sum paid out of a central bonus...

Top corporate practices fend off worst effects of slump

News Article - 19/01/2012 : clifford chance, merger, recession, revenue, VAT, Finance, Finance, Practice Management

For the UK's top corporate practices 2009-10 was very much a case of plus ça change, plus c'est la même chose, with dealflow still in decline and competition for the work that remains as tough as ever.

Revenues for the top 20 corporate...

Wragges hit hardest as Midlands firms suffer

News Article - 19/01/2012 : pep, profitability, redundancies, revenue, Finance, Finance, Practice Management

There has been little revenue growth among Midlands firms over the past financial year, with four out of the five major Birmingham players reporting a fall in income.

The region's biggest outfit, Wragge & Co, reported a fall in...

UK recruiters keen to expand overseas

News Article - 19/01/2012 : recession, recruitment, revenue

UK recruitment firms are planning global expansion over the coming year, according to new research.

Almost a third of UK recruitment companies plan to extend their operations into Europe in the next 12 months, research from the Association...

Simmons closes results season with falls in both PEP and revenue

News Article - 19/01/2012 : financial results, outsourcing, pep, revenue, VAT, Finance, Finance

Simmons & Simmons has revealed its official financial results for 2009-10, posting an 11.3% drop in profits per equity partner (PEP).

The UK top 15 law firm's PEP now stands at £461,000, down almost £60,000 from the figure...

Individual PC fee set at £428, firms to pay 0.3-1.1%

News Article - 19/01/2012 : revenue, SRA, Finance, Finance

The PC fee paid by individual solicitors for 2010-11 has been set at £428, the SRA has announced. Following the abolition of the combined PC fee, firms will pay a further amount, calculated according to a banding system. Firms with a turnover...

Legal Accounts recruiting: quarterly market update from Balance Recruitment | July

News Article - 19/01/2012 : recruitment, revenue, us law firms, Finance, Finance, Human Resources

The team at Balance Recruitment, a leading recruiter within the Legal Accounts sector in London, have published their latest quarterly market update, and reflect positively on the continued upturn in the market.

The latest quarterly report...

Wall Street's legal elite stage recovery but fees fall at US top 100

News Article - 19/01/2012 : billing, financial results, profitability, recession, revenue, us law firms, Practice Management, Practice Management

Wall Street's leading law firms have defied gloomy predictions to stage a notable comeback in 2009, emerging as the top performers among the US's 100 largest law firms.

Financial results for 2009 from Legal Week's US sister title The...