Financial news

London

KWM 2.0 stages fightback with first financials since relaunch

King & Wood Mallesons’ London office generated nearly £12m in the first year since its relaunch, The Lawyer has learnt. The office opened at the start of 2017, with its financials corresponding to its first 12 months of operating. KWM’s UK revenue of £11.8m would put it at the 183rd position in this year’s The […]

money finance

Reed Smith’s highest-paid picks up £2.5m in latest accounts

Reed Smith’s highest-earner in London picked up a profit share of £2.5m over 2017, increasing by nearly 9 per cent over the last financial year. The firm’s LLP accounts relate to its London office, as well as operations in Abu Dhabi, Dubai, Kazakhstan, Paris and Athens. They detail that the share of profits handed to […]

money

Weil Gotshal profits skyrocket 40 per cent in first audited accounts

In its first set of audited accounts as a London LLP, Weil Gotshal & Manges‘ UK arm has revealed that both net profit and turnover saw double-digit growth in the last financial year. The US firm’s London operations converted to a limited liability partnership in 2015 meaning these are the first figures to be published by […]

David-Whitmore_Web_Bio-002

Slater & Gordon turnover plummets 27 per cent after difficult year

Slater & Gordon (S&G) CEO David Whitmore has urged the firm to look towards the future after its accounts revealed a 27 per cent drop in turnover for the firm’s financial year ending June 2017. A difficult 12 months saw the firm’s topline fall from £316.8m to £231.5m, a fall of £85.3m, with a number […]

DWF strengthens IPO business case with double-digit growth

DWF has released its financial results for the 2017/18 financial year with the firm posting an 18 per cent increase in turnover taking it from £199m to £236m. The firm also said that average profit per equity partner at the firm had increased last year, though it declined to publish what that figure had reached. […]

money finance

White & Case’s City profits skyrocket by nearly 40 per cent

White & Case‘s net profit in London shot up nearly 40 per cent over 2017, according to the firm’s LLP accounts for the last financial year. The US firm revealed a strong year for the firm in London, as well as its Johannesburg office, which is also covered in the figures. Year-end figures for 2017 […]

New York City

Mishcon’s New York revenue recovers for first time since 2014/15

Mishcon de Reya more than doubled the top line of its New York office over 2017/18, bucking a three-year trend of declining revenues in the firm’s sole office outside of London. Revenues dropped 64 per cent between 2014/15 and 2016/17 from a high of £6.7m to £2.4m. However, the firm’s fortunes reversed in the US in the […]

Weightmans

Weightmans revenue nears £100m mark after 3 per cent growth

Weightmans is closing in on the £100m revenue mark, after reporting a 3 per cent growth in its turnover. The national firm revealed that turnover has nudged up from £95m to £97.1m after revenue remained static over 2016/17. Profit growth has slowed, however, after a surge of 21 per cent in the 2016/17 financial year. […]

Paul Rawlinson

Bakers back on track but revenue falls short of $3bn

Baker McKenzie‘s global revenue has come just shy of $3bn, as it bumps up 8 per cent from $2.67bn (£2.02bn) to $2.9bn in the financial year 2017/2018. This follows a modest 2.1 per cent rise in the 2016/17 financial year, when revenue inched up from $2.62bn to $2.67bn, and a steady return to form from 2014/2015 when revenue […]

Kennedys New York

Kennedys’ turnover surges 31% after year of mergers

A 31 per cent rise in turnover at Kennedys saw the firm’s global turnover rise from £149.9m to £196m, while UK turnover grew 14 per cent from £101.5m to £118m. Much of this growth was attributed to its merger with Manchester-based commercial litigation boutique Berg as well as a rapid expansion programme which saw the […]

money finance

HFW hits new revenue high of £179m

HFW hit record figures in both turnover and profit in 2017/18 after a third successive year of topline growth, with the firm’s topline increasing by nearly 30 per cent since 2015. The firm’s turnover grew 8 per cent last year from £165.7m to £179.1m, while profits at the firm were up 12 per cent from […]

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