Financial news

money finance

Knights completes third acquisition since listing

Revealing today double-digit revenue growth in its first six months as a listed firm, Knights is also looking to streamline its management functions with a new COO from Procter & Gamble. The appointment of Richard King as the firm’s first COO means Knights CEO David Beech can focus more on increasing the firm’s top line, new […]

money finance

Gateley targets £100m revenue after spate of acquisitions

Gateley, the first law firm in the UK to go public, forecasts its annual revenue to skyrocket to over £100m in its fourth year as a listed entity. Revealing its interim results this morning, the firm calculated that a string of acquisitions will contribute £13m of this increase, adding up to a revenue that is […]

CC

Clifford Chance’s European investment pays off as Continent catches up with London

Continental Europe was the highest-grossing arm of Clifford Chance’s international footprint over 2017/2018, the first time the region has overtaken the UK figures in four years. The magic circle firm’s latest LLP accounts have revealed that its offices on the Continent generated £538m of the firm’s global turnover of £1.6bn, above the UK total of […]

Chris Lowe & Lothar Wegener

WFW reveals half-year results as management duo extend their reign

Watson Farley & Williams has re-elected its co-managing partners for a further five years, with the firm also revealing its half-year results for 2018/19. London-based Chris Lowe and Hamburg’s Lothar Wegener first took up the post in 2014 and will now increase their reign by five years taking them until 2024. Lowe said: “We are energised […]

Insurance sale prompts Hill Dickinson fightback in promising H1 results

Hill Dickinson has posted a solid return to form in its half year results for 2018/19, generating £43.6m in turnover which was roughly 5.3 per cent over its £41.4m budget. The firm’s sale of its non-marine insurance business cast a large shadow last year, causing whole year revenues to dip below the £100m mark, though […]

law school fees

Fieldfisher is first off the blocks with half-year results

There are early indications that Fieldfisher is on course for another year of double-digit revenue growth, with its turnover for the 2018/19 half-year reaching nearly £100m. The firm has recorded a 26 per cent increase in half-year financials, skyrocketing from 2017/18’s £76.7m to this year’s £97m. The results are related to the performance of offices […]

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 […]

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