Financial news

Kevin Gold

Mishcon posts 8% rise in turnover as firm breaks £160m

An 8 per cent increase in turnover at Mishcon de Reya last year saw the firm break through the £160m barrier for the first time in its history, posting £161.3m for the 2017/18 financial year. The increase in the firm’s top line means it has now added more than £30m in revenue growth in the […]

Gateley posts third consecutive year of double-digit growth since IPO

Gateley’s revenue has increased by 11 per cent from £77.6m to £86.1m in its third full year as a listed entity. The firm posted double-digit rises across the board for 2017/2018, with profit before tax increasing by nearly 12 per cent from £13.1m in 2016/2017 to £14.6m. Adjusted earnings before interest and tax (EBITDA) saw a […]

Fieldfisher

Fieldfisher offers bonuses to non-fee earners for first time

Fieldfisher is making bonuses available for non-fee earners in the UK for the first time, after a string of stand-out financial results from the firm. The move means high-performing staff in Fieldfisher’s business services’ functions, for example, will be granted a bonus. However, the rewards are discretionary, meaning not everyone will be in line for […]

cambridge

Mills & Reeve hands out £2m in bonuses after hitting record revenue high

Mills & Reeve has posted its financial results for 2017/18, with revenue reaching a record high of £106.3m. It is a 14 per cent rise on last year’s £92.3m. Much of the growth was driven by the firm’s June 2017 merger with London real estate and construction boutique firm Maxwell Winward. That tie-up accounted for 41 […]

Peter Hasson

Clydes sees 10% uplift in profit while turnover breaks £550m

Clyde & Co narrowly missed out on double-digit growth in both profit and turnover last year, recording a 9 per cent increase in turnover alongside a 10 per cent profit boost in the 2017/18 financial year. Turnover at Clydes grew from £508m to £551.3m, while profits at the firm were up from £127.6m to £140.5m […]

Duncan Weir

Bevan Brittan revenue reaches £44m in sixth consecutive year of growth

Bevan Brittan has posted its sixth year of consecutive growth, posting a 12 per cent increase in turnover from £39.2m to £44m. Net profit stood at £9.6m last year, up from £7.8m the previous financial year. Average profit per equity partner increased from £313,000 to £443,000 – a phenomenal rise of 43 per cent. The firm […]

Charles Martin

Macfarlanes profits rocket by a quarter to hit record high

Macfarlanes has reported the highest average profit per equity partner (PEP) figure of any UK firm this year, posting a 26 per cent increase to £1.74m. The double-digit increase puts the firm’s PEP just above that of Freshfields Bruckhaus Deringer, which last week reported a 5 per cent rise to £1.73m. It is likely that […]

Challenging year for Hill Dickinson as turnover drops below £100m

Hill Dickinson‘s turnover has fallen below £100m in a challenging year for the firm, which also saw profits decline marginally following a large team sale to Keoghs. The national firm has been in state of flux over the last 18 months as it has looked to overhaul its business in light of a number of […]

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