Suzi Ring

July 09, 2012 | International Edition

Herbert Smith is set to combine its finance, real estate and projects practices when it merges with Australia's Freehills later this year, as details emerge of how the new firm will be structured. The two firms - which do not expect to make any redundancies as a result of the tie-up - have decided to merge the three practices in light of the fact that Freehills currently operates a combined banking and projects practice, as well as the consistent overlap between real estate and projects.

By Suzi Ring

2 minute read

July 09, 2012 | International Edition

Macfarlanes has seen profits per equity partner (PEP) jump 20% this year, marking the firm's highest PEP figure since 2008. PEP at the City firm has climbed to £903,000, up from £752,000 last year, while revenue has also grown 8% to £102.2m over the last 12 months, up from last year's figure of £94.7m.

By Suzi Ring

2 minute read

July 06, 2012 | International Edition

Pinsent Masons saw turnover rise by 4% in the last financial year before its merger with Scots firm McGrigors went live on 1 May. The firm saw revenue climb to £221m in 2011-12 up from £213m in 2010-11, when revenues grew by 3%. Asia saw the biggest increase in fee income, with Pinsents' offices in Hong Kong, Singapore, Beijing and Shanghai reporting a 30% jump in turnover, while Middle East revenue grew by 15%.

By Suzi Ring

2 minute read

July 05, 2012 | International Edition

Outsourcing boutique Radiant Law has advised alongside Eversheds on the multi-million-pound launch of four new UK data centres for BSkyB.

By Suzi Ring

2 minute read

July 05, 2012 | International Edition

Berrymans Lace Mawer has announced its 2011-12 financial results, with turnover climbing by 3% against a 15% drop in profits per equity partner (PEP). The insurance firm saw revenues rise from £78.8m in 2010-11 to £81.2m this year, while PEP fell from £293,000 in 2010-11 to £248,000 for the last financial year.

By Suzi Ring

2 minute read

July 05, 2012 | International Edition

Clyde & Co has announced the largest hike in revenue among the UK top 50 this year so far, with turnover jumping 36% following its merger. The insurance giant has seen fee income hit £287m for 2011-12, up from £212m last year, following its merger with legacy Barlow Lyde & Gilbert in November 2011. Turnover on a like-for-like basis at Clydes without any contribution from Barlows grew 17% to £248m.

By Suzi Ring

2 minute read

July 02, 2012 | International Edition

Herbert Smith has pushed back its New York launch from July to September, as details begin to emerge about the firm's new US base. The UK top 10 firm has delayed the opening of the new office - which was originally set to go live in July this year - due to the summer holidays, as discussions with hires near completion.

By Suzi Ring

2 minute read

July 02, 2012 | International Edition

Allen & Overy (A&O) has become the first magic circle firm to announce its 2011-12 financial results, posting a 6% increase in revenue on the back of another year of investment across its network. The firm saw turnover climb to £1.182bn during the last financial year, up from £1.119bn in 2010-11. Profits per equity partner (PEP) remained static at £1.1m for a third consecutive year, while profit (before tax and exceptional items) grew by 7% to £486m, up from £456m.

By Suzi Ring

2 minute read

July 02, 2012 | International Edition

Clyde & Co is launching in Sydney and Perth with the hire of an eight-strong team from Linklaters ally Allens, becoming the latest in a stream of UK firms to target the Australia market. The firm will open the two new offices on 1 October this year after the deal received partner backing at Clydes' annual conference at the close of last week.

By Suzi Ring

4 minute read

July 02, 2012 | International Edition

Gateley has seen both revenue and profits drop in 2011-12, after the firm's claims business was spun off at the end of the last financial year. The firm has seen turnover fall 2.4% from £63m in 2010-11 to £61.5m this year, with profits per equity partner (PEP) dropping 11% to £214,000 from £240,000.

By Suzi Ring

2 minute read