TLT’s transition into national firm territory has been solidified after the firm posted a 12 per cent revenue rise from £157m to £174m. It has been a year of expansion for TLT, with the firm moving into Birmingham for the first time after taking a team of 10 from Shoosmiths. That group hire has helped […]
Clifford Chance’s revenue hit £2.3bn in 2023/24, up 9 per cent from the previous year when it broke through the £2bn revenue barrier for the first time. Net profit was up 10 per cent last year from £781m to £856m, an improvement from the previous year when the firm’s net profit remained flat. Profit per […]
Simmons & Simmons’ revenue has hit £574m in 2023/24, up 10 per cent from the previous year when it cleared the £500m revenue barrier. Net profit was up 8 per cent last year from £189m to £204m, while profit per equity partner saw a 7 per cent rise, from £1.001m to £1.076m. Simmons’ managing partner […]
Taylor Wessing’s revenue reached £480.7m (€562m) in the last financial year, as it aims for €1bn globally by 2028. The rise of nearly 10 per cent in sterling is a significant increase on its 2022/23 results in which global turnover crept up by 4 per cent to £439m. Its UK offices contributed over half of […]
Macfarlanes’ financials have shot right back up after taking a tumble in the previous financial year, with its average profit per equity partner hitting £2.6m. The firm’s last three financial results have been very up and down, with 2021/22 marking a record-breaking year of double-digit growth, leading to a decline in 2022/23. The 2023/24 signals […]
Bird & Bird CEO Christian Bartsch has said that he “would not say no” to the idea of a US merger after revealing that the firm broke through the £500m mark for the first time in its history. Bartsch was speaking as the firm published its financial results for the 2023/24 year. Though a US […]
Mills & Reeve’s turnover rose by double digits in 2023/24 to a new record high that has resulted in the firm’s highest-ever all-staff bonus pool of £3m. The firm’s turnover rose by 14.1 per cent to £168m, beating its 2025 strategic target of £150m a year ahead of schedule. The firm has not yet revealed […]
Herbert Smith Freehills’s revenue hit £1.3bn over 2023/24, while profits soared by 14 per cent after a small uptick was recorded in the previous year’s results. The firm’s revenue was up 10 per cent from its last financial results of £1.186bn. Profits saw a double digit burst for the financial year, with HSF reporting a […]
Kingsley Napley will give bonuses to staff three months early after a highly profitable year, which saw the firm’s net profit increase by 120 per cent. Managing partner Linda Woolley told The Lawyer that the results were a sign that the firm’s investments in the prior years had come through, following the firm’s challenging year […]
Morton Fraser MacRoberts has posted a 2 per cent rise in revenue in its first set of financial results since the 1 November merger of legacy firms Morton Fraser and MacRoberts. The increase takes the total revenue at the recently-merged Scottish firm to £47.5m, which should be enough to propel Morton Fraser MacRoberts into the […]
Ashurst’s boss has pledged that the firm will hit the £1bn revenue mark in its next round of results, after growth of 9 per cent in 2023/24. The firm’s turnover went up from £879m to £961m, which was more or less in line with its 10 per cent uplift in the previous financial year. Average […]
Charles Russell Speechlys (CRS) achieved double-digit growth in revenue and net profit for the financial year ending 30 April, with firmwide revenue reaching £218.3m. The firm saw revenue grow by 13 per cent on the previous year with revenue in the UK increasing by 12 per cent to £174.4m. Firmwide net profit increased by 20.5 […]