Allen & Overy’s turnover rose 3 per cent in the financial year running up until its merger with Shearman & Sterling, while profits soared by 17 per cent. The results only cover legacy A&O’s financial year 2023/24. The firm said its client revenue rose 3.4 per cent from just over £2.1bn to £2.2bn, an increase […]
Clients are yet to see AI benefits from law firms, a report from Deloitte Legal has revealed. A new survey undertaken by Deloitte Legal has shone a light on the client sentiment behind the legal AI buzz. It stated that clients have yet to see any significant change or benefit in their law firms’ use […]
Reed Smith has increased its newly-qualified (NQ) solicitor salary to £125,000 in its first rise since announcing a hike in 2021. From September this year, the firm is set to increase base salaries for NQs from £107,500 with all other associate-level salaries expected to rise in line with the change. The new compensation structure means […]
After a significant rise in its results over 2022/23, Watson Farley & Williams has reported another year of double-digit growth in which global income increased by 11 per cent. Income reached £238.4m, climbing from 2022/23’s figure of £215m. Overall profit saw a 7 per cent increase from £62.3m to £66.8m. Average profit per equity partner […]
Shoosmiths has capped off the 2023/24 financial year with a 6 per cent rise in revenue to £206.7m, taking the firm’s topline past £200m for the first time. Profits and average profit per equity partner were also recorded to have gone up at the firm, the former climbing by 5 per cent to £66m and […]
This report contains: an analysis of the reality of Cleary Gottlieb’s growth trajectory in London since 2014 an overview of challenges faced by the top global firms which are pursuing similar growth strategies a discussion on Cleary’s distinctive practice area mix, highlighting its substantial focus on antitrust cases.
This report contains: ranking of the Nordic 50 firms on a headcount basis headcount analysis of the largest firms split into three groups financial and market analysis of the four jurisdictions in the region firm specific data profiles
This report includes: a breakdown of the eight firms shortlisted for the Litigation Team of the Year at The Lawyer Awards 2024 an overview of the case they have been nominated for an analysis of the firms’ larger litigation team
This report includes: a regional efficiency map for firms ranked 101-200 (The Independents) insight into the impact of geographic location on efficiency, highlighting regional disparities, drivers of success, and areas for improvement.
This report contains: financial performance of the largest US firms in London analysis of five standout firms that achieved significant revenue growth, detailing key factors behind their success individual firm profiles highlighting financial performance, growth strategies and client base and matters
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Search vacanciesAttention turned to Linklaters’ US advances when its financials were released this week, and tied into that, its well-publicised partner losses to US firms in London. Since last summer, four of its partners have joined Paul Weiss, although it feels like much more. Added on to that are the many Linklaters alum who swapped the […]
No, don’t worry, Paul Weiss and Kirkland have not further stretched their partner compensation to £30m, so wipe away that bead of sweat that just appeared on your forehead. The £30m being referred to here concerns the UK’s independent firms – more specifically, the firms that have not reached this revenue milestone. There are 84 […]
As Sir Keir Starmer settles into Number 10, so law firms must adapt to the new political order. With that in mind, it is worth taking note of a couple of lateral moves that have taken place in the mid-tier in the last couple of weeks. Alex Madden, the head of planning at South West […]
The annual promotions round is a calendar highlight for many firms, but, for a growing number of junior lawyers, joining the partnership is no longer a career high. A recent LexisNexis report, Disloyal lawyers: has the partner track lost its lustre?, found a quarter of associates do not want to make partner in their current […]
Firms love targets and lovely round numbers often form part of a new leader’s strategy for growth. This year alone, Ward Hadaway has set out plans to hit £100m by 2034, while Scottish firm Blackadders wants to hit £25m in 2025/26. But which firms are on course to hit new and exciting numbers when they […]
The former bosses of Melrose Industries is listing a new company – Rosebank – on the alternative investment market (AIM), with Simpson Thacher & Bartlett advising on the float. Simpson Thacher partner Adam Signy has long advised Melrose in its acquisition deals and is at the helm of this listing along with partner Lucy Gillett. […]
Following the departure of a partner to Sidley Austin, Travers Smith is adding a new member to its infrastructure finance team. Ryan Ayrton joins from Watson Farley & Williams, where he has been a partner since 2022. Prior to this, Ayrton had spent his whole legal career at Linklaters. His arrival follows the exit of […]
3 Paper Buildings (3PB) has elected its first female head of chambers, family law silk Liz McGrath KC. A new deputy head of chambers, commercial and construction silk David Parratt KC, was also selected and started his new role last week. McGrath succeeds David Berkley KC, who served a five-year term, while Parratt takes over […]
Simpson Thacher & Bartlett has unveiled a new five-year plan for London that puts continued growth squarely at the centre of the US firm’s agenda. The revamped strategy coincides with the release of the US firm’s half-year financial results for 2024. These show that City revenue rose by 21.6 per cent over the past six […]
In its first round of qualifiers as a newly-merged firm, A&O Shearman has retained 37 of its combined cohort of 56 trainee solicitors. A total of 48 trainees applied to qualify at the firm, but only 39 were made offers, with 37 accepting. Retention is therefore posted at 66 per cent, with no qualifiers on […]
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