Weightmans’ turnover grew by 6 per cent during 2019/20, rising from £97.3m to a new high of £103.4m. Profit also increased, with gross profit up by 9 per cent from £34.8m to £37.9m and net profit rising from £10.1m to £10.35m in the 12-month period. Average profit per equity partner fell marginally from £279,000 to […]
The share price of LCM Finance provides a handy visual representation of the fortunes of the UK litigation funding market.
The world’s biggest litigation practices are generating more money from fewer lawyers, data in The Lawyer’s latest analysis of the international disputes market has confirmed. This year’s Global Litigation 50 report includes revenue and headcount data on the world’s 50-largest contentious practices over the past five years. It shows that the growth in the total […]
Simpson Thacher’s litigation lawyers generated more than $3m each last year, placing the New York firm at the top of the revenue per lawyer (RPL) ranking in the new Global Litigation 50 report, The Lawyer can reveal. Indeed, Simpson Thacher ($3.02m) is the only firm with an RPL figure above $3m. Its closest competitors are […]
The global head of litigation at Allen & Overy (A&O) Karen Seward has called for a radical rethink of law firm life, insisting that “this is no time for the traditional coercive leadership model”. In a video interview for The Lawyer’s new Global Litigation 50 report, Seward argues that the experience of daily working life […]
Freshfields Bruckhaus Deringer has lost significant ground in the global disputes market to its three magic circle rivals over the past five years despite making a series of international investments and partner hires, The Lawyer can reveal. In this year’s Global Litigation 50 report, which ranks the world’s leading disputes practices by the revenue they […]
The total revenue generated by the world’s largest litigation practices rose last year despite several of the firms included in The Lawyer’s new ranking reporting a reduction in the overall proportion of fee income they generated from disputes. The total value of the disputes practices in this year’s Global Litigation 50 is $32.95bn, a rise […]
The London office of Jones Day has scored a 100 per cent retention rate in its latest round of qualifiers, with 20 offers understood to have been made to 20 trainees resulting in 20 acceptances. Nine of the newly-qualified associates are joining Jones Day’s litigation group while the remaining 11 are spread between a variety […]
By Jonathan Ollivent Uber’s business model is not new. As summarised by Lord Justice Underhill in his dissenting Court of Appeal judgment: “Standing back so as to be able to see the wood as well as the trees, it still seems to me that the relationship argued for by Uber is neither unrealistic nor artificial. […]
What revenue would a firm have needed to generate back in 2008 to snare 30th place in The Lawyer’s US Firms in London report?
US firms aren’t rising in London. They’ve risen. The astonishing reality in 2020 is that just seven UK-headquartered firms generate more revenue in London that their biggest US counterparts – an indication of the US firms’ growing appetite for domestic mandates. Most of those US competitors are also more profitable. When US firms started ramping […]
Only seven UK-headquartered firms generate more revenue in London than their closest US rival, The Lawyer can reveal, with the gap between the largest UK and US firms in the City now closer than it has ever been. The largest firms ranked by the revenue they generate out of their City offices are the UK’s […]