Financial news

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 […]

Nottingham

Freeths stays on track for 2020 target with 14% revenue rise

Freeths has recorded double-digit revenue growth for 2018/19 to stay on course to hit his revenue target for 2020. In 2014, the firm set out plans to become a £100m firm by 2020. In the last financial year it recorded a 14 per cent uplift in turnover, from £78.8m to £89.8m, meaning if the firm is to […]

Financials 2018/19: DWF reduces net debt by £19m

DWF posted a £19m fall in net debt over 2018/19, with a renewed focus on reducing debtor days helping the firm take its total down to £35.3m. The reduction came despite a 27 per cent increase in administrative expenses as a result of the IPO. Administrative expenses at the firm increased by almost £30m to […]

Jeremy Shebson

Financials 2018/19: HFW PEP tumbles as firm goes global

HFW has reported a downturn in profits and profit per equity partner (PEP) in the last financial year, with PEP decreasing by 12 per cent in 2018/19. Net profit also fell last year by 8.9 per cent from £48.3m to £43.3m, a significant drop from the 11 per cent increase in 2017/18. Revenue was flat […]

Gordon Dadds

Gordon Dadds thrives off Ince merger with double-digit growth figures

Ince Gordon Dadds has posted its 2018/9 financial results, revealing double-digit growth across the board as it expanded through a string of international acquisitions and a merger tie-up that altered the course of its strategy. Revenue at the merged firm skyrocketed by 69 per cent from £31.2m to £52.6m. The firm showed operating profits of […]

Shoosmiths lines up new strategy after year of steady growth

Shoosmiths has embarked on its fresh three-year strategy by posting a 7 per cent increase in revenue to £137.6m, while net profit has risen 6 per cent to £37.9m. The firm’s average profit per equity partner (PEP), which in 2017/18 shot up by 26 per cent, has meanwhile seen a slow climb of 2 per […]

John Joyce

Addleshaws to create new revenue targets after exceeding £250m goal

Addleshaw Goddard has surpassed its target to be a £250m firm, with revenue shooting up 13 per cent to £275m over 2018/19. The double digit increase follows 2017/18’s growth spurt, when revenue increased by 23 per cent from £242m, having lagged behind the £200m mark at £197m in 2016/17. Average profit per equity partner has grown […]

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