Financial news

Michael Chissick, Fieldfisher

Fieldfisher reveals 12 per cent rise in H1 financials despite transactional “slow-down”

After three years of skyrocketing growth, Fieldfisher‘s turnover for the 2019/20 half-year reached £129m, recording slower growth due to disruption caused by political instability and international trade frictions. The 12 per cent growth marks a more conservative trajectory as opposed to the staggering 26 per cent of the previous year, when revenue around this period […]

DWF Manchester

DWF acquires 400-strong Spanish firm in largest deal to date

Listed law firm DWF is to take over Spanish law firm Rousaud Costas Duran (RCD), after the firm posted a 10 per cent increase in revenue for its first half-year results since listing on the London Stock Exchange. Revenue went up from £133.4m to £146.8m, with the firm’s international division and connected services division recording […]

Management-Biles_Adrian_GordonDadds_2016

Ince snares Deloitte ABS architect for new consulting arm

The Ince Group — the latest branding reincarnation of merged firm Ince Gordon Dadds–  has recruited talent from Deloitte to spearhead the development of a new consulting business line, while also revealing its half-year results. Ince has brought in forensic lawyer Mark Tantam, who was interim managing partner of Deloitte Legal and prepared the ground […]

money finance

New Law business Elevate hits record revenue high

Turnover at US-headquartered New Law business Elevate reached a record £76m last year, The Lawyer can reveal, including £20m generated by the law company’s business in the UK. The global revenue figure, which includes turnover from several of the acquisitions Elevate has made over the past year and features in this year’s UK 200 report, […]

James Knight

Keystone reveals double-digit turnover growth for 2018/19

Keystone Law has posted its interim financial results for the six months ending in July 2019, posting turnover growth of 15 per cent. The firm revealed its revenue increased from £19.9m to £23m. Profit before tax, meanwhile, increased by 15.4 per cent, rising from £2.3m to £2.7m. The firm attributed the smaller rise in turnover […]

money cash

Stevens & Bolton goes all-equity in bid to stimulate lawyers

Following in the footsteps of RPC and Taylor Wessing, UK top 100 firm Stevens & Bolton is to move to an all-equity partnership model after a review into the motivation, and rewards available, to its senior lawyers. The change was seen by management as a way to get rid of the distinction between junior fixed-profit […]

Southampton

Blake Morgan revenue falls for third year running in fifth year since merger

Blake Morgan has continued its run of underwhelming financial results since the 2014 merger that created it. When South of England firm Blake Lapthorn and Welsh stalwart Morgan Cole tied the knot that year, the combined revenue of the two firms was £76.2m; however, Blake Morgan has yet to reach that figure in the five […]

Bakers sees out challenging year with 1 per cent growth

Baker McKenzie’s global revenue has inched up 1.2 per cent from $2.9bn to $2.92bn over 2018/19, with growth coming to a near standstill after an 8 per cent rise in 2017/18. On a constant currency basis, which the firm said is the “most accurate measurement of the financial performance of any global professional services firm”, revenue […]

Penningtons Manches Cooper records modest growth in pre-merger year

Penningtons Manches Cooper’s revenue has risen to nearly £80m while profits have taken a hit, in the firm’s second year as a member of the UK top 50. Over 2018/19, the firm saw slower growth compared to its previous two financial years, when both revenue and profit saw double-digit growth. Revenue rose 4.5 per cent, […]

Fieldfisher

Fieldfisher’s top of equity soars to over £4m

Fieldfisher‘s top of equity has seen a record-breaking rise in the financial year 2018/19, growing by 34 per cent from the previous year’s £3.2m, The Lawyer has learned. The firm’s equity spread last year ranged from £250,000 to the new high of £4.3m, creating a considerable differential. The record rise comes as the previous year […]

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