Gerard Starkey

July 09, 2013 | International Edition

Wragge & Co has posted increases in both revenue and profits per equity partner (PEP) for the 2012-13 financial year, with the key metrics rising 2% and 3% respectively. The firm has reported turnover of £120.5m for the 12-month period to 30 April, up on last year's total income of £118.2m.

By Gerard Starkey

2 minute read

July 08, 2013 | International Edition

Hill Dickinson saw its profits per equity partner (PEP) slip by 15% over the 2012-13 financial year despite a slight increase in turnover. The firm posted income of £112.8m for the 12-month period ending 30 April, 2% up on the previous year's figure of £110.1m. However, Hill Dickinson's profits took a knock with PEP down to £264,000 from £312,000. The firm's managing partner Peter Jackson attributing this decrease to an increase in overheads and international expansion.

By Gerard Starkey

2 minute read

July 08, 2013 | International Edition

DAC Beachcroft has strengthened its presence in Brazil with a new association with Sao Paulo-based firm Wongtschowski & Zanotta (W&Z). The 28-strong corporate and commercial firm specialises in corporate, capital and financial markets, contracts, civil and commercial litigation, tax, real estate and employment work - making it DAC's first association firm to not be insurance-focused.

By Gerard Starkey

2 minute read

July 05, 2013 | International Edition

Watson, Farley & Williams (WFW) has seen profits per equity partner (PEP) dip by 13% during 2012-13 despite turnover breaking through the £100m barrier for the first time. After posting a PEP figure of £446,000 in 2011-12, average partner pay has slipped to £388,000 following a year in which the firm invested in a new Frankfurt office which opened in January. Revenue, meanwhile, has risen a little over 2% to £102.1m from £99.8 the previous year – a rise which can be partly attributed to its Hong Kong office which was launched in March 2012.

By Gerard Starkey

2 minute read

July 05, 2013 | International Edition

Eversheds has posted a 3% increase in revenues and a 2% rise in profits per equity partner (PEP) over the 2012-13 financial year. The firm saw its revenues increased to £376m from £366m while PEP rose from £632,000 last year to £642,000 this year. According to Eversheds, net profit rose 6% with all litigation teams witnessing strong growth while its financial institutions and energy and natural resources sectors grew by 20% and 14% respectively.

By Gerard Starkey

2 minute read

July 04, 2013 | International Edition

Norton Rose Fulbright has reported a 4% increase in global turnover after seeing income rise to $1.334bn (£845.3m) during 2012-13. The figures cover the year to 30 April, and as such do not yet reflect the firm's transatlantic merger with Texas firm Fulbright & Jaworski, which went live on 1 June.

By Gerard Starkey

2 minute read

July 04, 2013 | International Edition

Deutsche Bank's global head of compliance, Simon Dodds, is one of many senior in-house lawyers to have called on City-based law firms to farm out straightforward legal work to low-cost centres. "Magic circle law firms in particular have a problem with their model. [They have] commoditised to some extent but lawyers are sitting in London – the most expensive place in the world," he told a Legal Week conference.

By Gerard Starkey

19 minute read

July 04, 2013 | International Edition

Shepherd and Wedderburn has strengthened its finance and restructuring team with the hire of Eversheds' former Edinburgh chief Colin McKay. Banking and finance partner McKay, who is joining Shepherds on 15 July, will split his time between the Scots firm's Edinburgh and London offices.

By Gerard Starkey

2 minute read

July 04, 2013 | International Edition

Macfarlanes has posted a 12% growth in revenue and 10% growth in profits per equity partner (PEP) for 2012-13. Revenue at the firm climbed from £102.2m to £114.2m, while PEP is now close to the £1m mark, rising from £903,000 to £989,000.

By Gerard Starkey

2 minute read

July 04, 2013 | International Edition

Berrymans Lace Mawer (BLM) has posted a 4% increase in revenue whilst seeing profits per equity dip by 13% for the 2012-13 financial year. Last year, the firm recorded a PEP figure of £215,000, somewhat short of the previous year's total of £248,000, while total net profit fell from £15.1m to £13.9m. This drop in profits comes despite an increase in revenue, rising as it did from £81.2m to £84.7m during the 12 month trading period up to 31 March.

By Gerard Starkey

2 minute read