How have firms in the second half of The Lawyer UK Top 100 fared since the recession hit many of them so hard a decade ago? In this feature, the data shows which firms are the winners and losers in the mid-tier.
One of my biggest bugbears is the prediction that the City mid-tier is doomed. That opinion is simply not rooted in evidence; these firms with revenues in the £100m-£250m band constitute a perfectly healthy and unconsolidated market. Rather, the problems lie elsewhere. The Lawyer UK 200 data shows that the most vulnerable group of firms […]
Capsticks has poached a five-partner team from DAC Beachcroft’s health practice in Leeds, with the planning to join the firm in 2014. Partners Ian Cooper, Rachael Heenan, Robert McGough, Ron Simms and Claire Reynolds have all resigned – a notable exit from the biggest health practice of any UK law firm. Heenan is the firm’s national […]
Stephenson Harwood has managed to push up its average profit per equity partner (PEP) in the latest financial year, reporting a rise of 9 per cent after a two year slump. The firm’s PEP has reached £727,000 for the financial year 2018/19, having dropped below £700,000 in 2017/18. Despite surpassing £700,000, the latest PEP doesn’t […]
The Solicitors Regulatory Authority (SRA) has been accused of “contaminating” evidence as Freshfields Bruckhaus Deringer partner Ryan Beckwith attempts to get his sexual misconduct hearing dismissed. Beckwith appeared in front of the Solicitors Disciplinary Tribunal in April over allegations of non-consensual sex after a firm event. Two, as yet unproven, allegations were brought against him. […]
Following a spate of acquisitions, NewLaw business Elevate has secured further private equity investment amid aspirations to list in the UK over the coming years. The $25m investment comes from Kayne Partners, taking the amount of capital it has so far deployed to almost $60m. Last April the Los Angeles-based legal services business secured a […]
Two years into its tripartite merger, CMS has reported a single digit rise in its financials to hit €1.36bn. According to the firm, UK turnover grew 5 per cent over 2018/2019 from £518m to £545.8m, with global revenue also rising 5 per cent to €1.36bn. The rise in revenue is much more muted compared to […]
Partners at Mayer Brown are being encouraged to take part in a new mentoring scheme between income and equity members. Law firms generally have been ramping up their progress in this area, whether it be to help women progress to senior roles or learn more about other cultures and backgrounds. Linklaters and Hogan Lovells are […]