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 […]
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 […]
Linklaters’ revenue has surpassed the £2bn mark for the first time, after increasing its topline by 10 per cent. The firm’s turnover rose to £2.1bn in the last financial year. Over 2022/23, turnover went up by 6.6 per cent from £1.78bn to £1.9bn. Alongside the revenue increase, pre-tax profit also grew by 10 per cent […]
Revenue at Brabners reached £55.6m in the 2023/24 financial year, subject to audit, after the firm increased its top-line by 18 per cent from the previous year’s £47.1m. The firm’s newly re-elected managing partner Nik White told The Lawyer that it was a “standout year”, with just one department out of 13 across the firm’s […]
In a win for the Government Legal Department, the High Court has ruled that it was legal for the previous government to ban the prescription of puberty blockers to under-18s experiencing gender dysphoria or gender incongruence. Russell-Cooke, who represented the claimant, trans activist organisation TransActual, and an anonymised claimant who had been seeking puberty blockers, […]
The long-awaited tuna bonds judgment has been handed down today, with Mr Justice Knowles finding largely in favour of Peters & Peters-repped Republic of Mozambique. One of The Lawyer’s top 20 cases of 2023, which featured more than 10 firms and over 40 barristers, Mozambique brought the lawsuit against shipbuilding company Privinvest, banks including Credit […]
Travers Smith has reported a positive year of financial growth, with revenue up 9 per cent and profits up 22 per cent. Revenue over 2023/24 increased from £197.5m to £215m. This comes after a static year for the firm over 2022/23 in which turnover inched up 1 per cent. The boost in revenue helped the […]
Taylor Wessing has hiked salaries for newly-qualified solicitors (NQ) by 15 per cent, while Gowling WLG has opted for a more conservative 3.2 per cent uplift. After a record-breaking year for the firm, Taylor Wessing has confidently increased its NQ rates by 15 per cent from £100,000 to £115,000. The financial support for its future […]
Net profit at Mishcon de Reya fell by 3.4 per cent last year, while revenue hit £300m for the first time. Mishcon’s net profit dropped from £93m to £90m following several investments, including launching an office in Saudi Arabia, acquiring a majority stake in group action business Somos, and completing the integration of the Taylor […]
This report contains: an overview of the UK corporate market in 2023 and the positive shift in mood among lawyers at top corporate practices ranking of the UK corporate 50 firms, highlighting top performers in corporate revenue growth insight into firms’ strategic plans for its UK corporate group over the next five years
This report contains: A history of the dominance of the magic circle sets an analysis of the two challengers to the magic circle a breakdown of the sets’ activity at the commercial court over the years
This report includes: an analysis of 18 European 100 firms that have seen new managing partners since the start of 2023 a consultant’s top tips for an MP-t0-be an overview of the trends in the European 100 leadership selection
This dashboard: contains an overview of the claims at a selection of courts in the UK. allows you to compare activity at the courts in Q2 2024 against Q2 2023.
This dashboard: contains an overview of the judgments at a selection of courts in the UK, Hong Kong, Singapore and Dubai during Q2of 2024. allows you to compare activity at the courts in Q2 2024 against Q1 2023.
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It probably isn’t quite as catchy as the Skinner and Baddiel version, but “They’re coming back, they’re coming back, they’re coming, deals are coming back” at least has the virtue of being accurate. Certainly, according to the data in this month’s UK Corporate 50 report, M&A and other corporate activity is at a higher level […]
This summer has seen two sizeable acquisitions in Paris by major international firms of smaller boutique practices. First, Paul Hastings bolstered its white collar team with the incorporation of Antonin Lévy & Associés. The move brought three partners and nine associates into the US firm’s fold, upgrading its offering as a key Paris practice. Then […]
Few UK start-up firms have experienced the same meteoric rise as Knights. Its position as a mid-tier disruptor and consolidator has been largely unchallenged, helping it to lift revenue by a market-topping 185 per cent over the last five years. With so many sub £50m firms contending with the twin issues of a cashflow crunch […]
How did your firm fare in salary review season? For associates at Freshfields, their firm can claim the early-mover advantage prize after announcing a bold NQ salary jump to £150,000. But its moment was short-lived. Within a week, Quinn had upped its junior lawyer pay from £152,000 to £180,000. If there was an award for […]
Mid-market firms have been forced to re-evaluate their hiring strategies in the face of greater competition for partners. With lawyers more likely than ever before to switch firms, these firms have to move fast to secure the right talent, and one handy way to achieve that is to recruit from outside the partnership. Where first-time […]
Stewarts’ revenue hit £95.2m in 2023/24, up 12 per cent from the previous year’s £85.1m, as the firm eyes sector and headcount growth. Net profit rose by 19 per cent from £25.6m to £30.4m, while profit per equity partner increased by 16.3 per cent to £1.42m. The disputes-only firm agreed on a new lease for […]
Stevens & Bolton has recorded growth of 20 per cent as it celebrates 150 years in business. The Guildford firm shortened its financial year to 11 months to accommodate Basis Period Reform, and so hit £38.8m in revenue for 2023/24, up 20 per cent on the same period the previous year. Grossed-up on a 12-month […]
Linklaters is retaining 46 of its 59 qualifying trainees for this autumn round, posting a retention rate of 78 per cent. No qualifiers will be kept on fixed-term contracts (FTC) unlike the previous round this year where one was offered an FTC. Eleven of the qualifiers were also part of the cohort transferred over from […]
Hogan Lovells and Pinsent Masons have scored roles on a deal that will see NatWest purchase nearly £2.5bn worth of Metro Bank’s residential mortgage portfolio. The two firms are the latest to get involved in recent transactional efforts made by Metro Bank to bolster its finances and manage potential risks to its clients and shareholders. […]
Listed firm Knights has acquired the West Midlands firm Thursfields in a deal worth £12.5m as it aims to enter another period of rapid growth. Knights has been a prolific acquirer of mid-market law firms over the past decade, with Langleys (£17.7m), Shulmans (£17.6m), Keebles (£12.6m), ASB (£12.5m) and Coffin Mew (£11.3m) among its most […]