Financial news

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Cooley’s London turnover rebounds to $100m

As US firms pile in to report their 2023 financials, Cooley has announced its London office turnover rose to over $100m last year. The firm increased its City revenue by 8 per cent to $103.1m, having fallen to $95.2m the prior year. This isn’t the first time the firm has generated over $100m in London. […]

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White & Case edges closer to $3bn mark

White & Case has posted a small dip in its London turnover for 2023, while the firm’s global results rose to just shy of $3bn.  London revenue totalled $444m for the 2023 financial year, a 1.5 per cent drop from the previous year’s $451m, bringing the firm back down to 2021 levels. The firm’s new […]

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Akin’s London revenue jumps 25 per cent

Akin’s London revenue rose by 25 per cent over 2023, representing a bounce-back for the firm after turnover dropped the previous year. Over 2022, Akin reported a 6 per cent drop in its topline over what chairman Kim Koopersmith then described as a “year of investment”. The firm’s revenue had piqued in 2021 at $150m, […]

Fernando Vives, Garrigues

Garrigues becomes first European 100 firm to pass €450m milestone

Garrigues has become the first EU-headquartered firm to pass the €450m milestone after growing its topline by 2.5 per cent in 2023. The firm announced its revenue last year hit a record high of €454.3m, representing a modest increase on the €443.2m it posted in 2022. Most of Garrigues’ revenue was made in its native […]

Miguel Zaldivar

Hogan Lovells exceeds £2bn revenue for first time

Hogan Lovells has become a £2bn revenue firm for the first time in its history, after recording a 10 per cent rise in its global turnover. The growth from £1.85bn to £2.2bn puts the firm much closer to a target set by CEO Miguel Zaldivar ahead of his second term in charge. Speaking to The Lawyer […]

Kirkland is (almost) a perfect 20

US firms’ financial reporting season is upon us. Time to dust off the data comparisons between the top US and UK firms and see which are genuinely leading the way in the global legal market. Everybody loves a ranking and so here’s a new one for you. Unlike single-metric tables that rank firms solely by total […]

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Simpson Thacher’s London revenue jumps 23 per cent

The London office of Simpson Thacher & Bartlett added nearly $100m to its top line in 2023, taking City revenue to a record high. Turnover in the London office increased from $378m to $465m. In what London office managing partner Jason Glover described as “a stellar year”, all of the firm’s nine practice groups are […]

Milbank London

US financials: Milbank reports 10 per cent jump in London turnover

US firms are beginning to report their financials for 2023, with Milbank revealing its London office reached $233.8m in turnover last year. The $233.8m figure represents growth of 9.7 per cent, the firm announced. This means that the firm’s London office has grown its revenue by nearly 50 per cent in five years. It made […]

Richard East Quinn Emanuel

Quinn financials: City revenue booms to £200m

Quinn Emanuel Urquhart & Sullivan’s London office turnover has shot up by 47 per cent to just under £200m. The results come after several years of slower turnover growth at the disputes-focused firm. Over 2022, revenue went up by 5 per cent to £133.6m, while turnover stalled in the previous year. Now turnover has reached […]

Norton Rose Fulbright office 2022

Norton Rose Fulbright splashes half of its cash reserves 

Norton Rose Fulbright has splashed half of its net cash on investing in its offices, IT, legal tech tools and training, according to the firm and its latest LLP accounts. For the year ending April 2022, the firm had £47.1m cash in the bank for its Europe, Middle East and Asia (EMEA) operations. The firm’s cash […]

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Simpson Millar seeks to cut more costs as debts mount

Personal injury and clinical negligence firm Simpson Millar made a pre-tax loss of £6.3m in the 2022 financial year, and is due to repay a £25m loan to its parent company Doorway Holdings in December 2023, its accounts on Companies House show. The firm’s turnover was £31.3m in 2022, up slightly from £29.9m; however it […]