Financial news

Beyond the Bubble: Lester Aldridge’s big London play

South: A couple of weeks ago Lester Aldridge and Mackrell Solicitors announced their forthcoming merger. Beyond the Bubble, in association with LexisNexis, caught up with the former firm’s managing partner Matthew Barrow to get the lowdown on what it means for the two firms. For South Coast firm Lester Aldridge, this is very much a move […]

Amsterdam, Holland

De Brauw’s investment costs hit €19.3m after office kit-out

Dutch firm De Brauw Blackstone Westbroek grew by 9 per cent in the 2023 financial year, recording a record revenue of €192.7m (£164m). The result sees it fall desperately short of double-digit growth from the previous year’s €176.8m (£150.5m). The firm saw a series of significant outlays to its cash position over the course of […]

lisbon,portugal

Abreu edges close to €50m mark after 19 per cent growth

Portugal’s Abreu Advogados fell short of hitting the €50m revenue mark for the first time in its history after revenue surged by almost a fifth in last year. The firm’s top-line grew to €49.7m (£42.8m) from the previous year’s €41.7m. Managing partner Inês Sequeira Mendes praised the firm’s growth, but poured cold water on any […]

Reed Smith Broadgate Tower

Reed Smith’s London revenue slumps for second consecutive year

Revenue at Reed Smith’s London office has tumbled for a second year in a row, yet the firm expects an uptick soon as investments begin to “bear fruit”. Reed Smith’s London office revenue dropped 6.3 per cent to $214.4m in 2023 from $228.8m the previous year, while revenue per lawyer (RPL) also dipped by 4.9 […]

saving money

Harbottles partners told to step up on lock-up

With the 2023/24 financial year-end just days away, law firm leaders are doing everything they can to make sure no bill is left unsent and no debt is left uncollected. For many firms, that process will include turning to a raft of new technology solutions to try and speed up the cashflow process. However, at an […]

money, shares

3 Paper Buildings’ turnover soars by 18 per cent

3 Paper Buildings’ revenue has grown by 17.8 per cent to £35.8m over the past financial year. The national set’s nearly 18 per cent rise over the 2023/24 period from £30.4m swamps its rise of 5 per cent the previous financial year.  The set’s ‘receipts’, or its money received, saw a 14.3 per cent rise from […]

germany

Noerr passes €300m barrier in Germany with record revenue

German firm Noerr has announced its financial results for 2023, marking a significant point in its history as having generated more €300m in its domestic market for the first time. Globally the firm generated €333.1m across all its offices. The results marked an increase of 5.7 per cent on 2022, when the firm achieved a […]

22 Bishopsgate

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. […]

dollars

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 […]

dollars money

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 […]