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Eversheds and Norton Rose Fulbright ramp up in Africa with local alliances

Eversheds and Norton Rose Fulbright (NRF) have both expanded their reach in Africa this week with the firms signing strategic alliances in South Africa, and Uganda and Zimbabwe respectively. Eversheds’ latest tie-up is with Cape Town-based Walkers, a full-service firm that counts EY, Investec, Hyprop Investments, Nedbank, Old Mutual, RGA Reinsurance, Standard Bank, and Woolworths […]

CMS Cameron McKenna cash flow increased by 774 per cent to £33.1m in 2013/14

CMS Cameron McKenna increased its net cash by 774 per cent in 2013/14, prior to its 1 May 2014 merger with Dundas & Wilson, the firm’s LLP accounts have shown. Net funds rose from £3.8m to £33.1m due to a £29.3m increase in cash. The firm paid off its overdraft and had no bank borrowings, […]

US firms financial results season kicks off

The US firm reporting season is now underway, with a smattering of results in so far indicating an upward turn. Today McDermott Will & Emery has posted a 2.2 per cent rise to $899.8m despite the firm’s total number of lawyers worldwide falling from 1,021 to 997. Yesterday Dechert confirmed that its global gross revenue […]

Why clients and Generation Y are turning away from clever branding

It’s official. Clients are becoming oblivious to law firm branding, as they turn their focus to expertise, quality of service and relationships instead. Evidence of this change was present in Acritas’ 2015 US law firm brand index, which showed Skadden at the top of an increasingly crowded list for the fourth time. The same trend […]

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Germany’s Heuking reports 12 per cent revenue rise to €121m

German firm Heuking Kühn Lüer Wojtek has reported record revenues for 2014, with turnover hitting €121m (£89.3m) – up 12 per cent from 2013 and a rise of 66 per cent in six years. The revenue rise came on the back of continued recruitment for Heuking, which increased its headcount from 260 lawyers in 2013 […]

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