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June 28, 2024 |
Simpson Thacher, Kirkland and Latham Maintain Lead in UK Revenue Per Lawyer Rankings
The top 30 law firms in the UK, regardless of headquarters, were ranked by their UK-only revenue per lawyer figures.
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June 28, 2024 |
Watch: A New Type of Law Firm Ranking in the UK
Law.com International's editor-in-chief Paul Hodkinson explains the logic behind the Global 30 in the U.K. league table as well as some of its findings.
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June 27, 2024 |
US Firms Rising? The Law Firms with the Largest UK Market Share, 2024
Law.com International launches the latest ranking of the top 30 law firms in London, irrespective of where they are headquartered.
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June 13, 2024 |
Watch: 4 Worrying Numbers for the UK Top 50 Law Firms
In a video, Law.com International editor-in-chief Paul Hodkinson explains how the underlying health of the largest firms has deteriorated.
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June 06, 2024 |
India's JSA Raids Rival SAM for 20 Lawyers
SAM leader Shardul Shroff accuses the defectors of breaching the firm's partnership deed and said a minimum of six months' notice is required from departing equity partners.
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May 30, 2024 |
UK Top 50 Firms See Cash Balances Plummet
Evelyn Partners said that firms are grappling with 'increasing people costs, high energy prices and the need to invest in information technology, especially cyber security'.
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April 05, 2024 |
Travers Profits Continue to Fall Amid Challenging Market, Latest LLPs Show
The accounts for the year to June 2023 also revealed that the firm made a similar move to rivals in slashing its cash reserves.
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February 06, 2024 |
Freshfields Takes On Bank Debt for First Time Since at Least 2009
The near-£90 million of debt listed in its LLP accounts coincides with a 39% surge in its US revenues. Meanwhile, both Freshfields and Ashurst have dipped into their cash reserves.
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December 29, 2023 |
Eversheds Top Earner Pay Surpasses £3 Million, LLPs Show
The US arm of the firm has also made eight promotions across its American offices.
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December 13, 2023 |
Bryan Cave Leighton Paisner's UK Profit Dropped 63% Last Year, Accounts Show
The transatlantic firm attributed the drop to the global costs associated with its withdrawal from Russia in April 2022.
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November 14, 2023 |
Norton Rose Spends £25.9 Million of Covid Warchest, LLP Accounts Show
The move potentially marks a change in mentality among major law firms, many of which built up strong cash reserves during and after the pandemic.
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November 03, 2023 |
Why Concealing PEP Isn't Always the Best Idea
A few firms have omitted PEP from their most recent financial results—there's really only one way the market will interpret this, writes The London Lawyer.
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August 25, 2023 |
White & Case UK Accounts Show Stagnant Profit Despite Turnover Boost
The LLPs also showed that the firm made almost £3 million more from currency exchange rate fluctuations in the past year.
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June 08, 2023 |
Stephenson Harwood Offers Hope for UK Results Season With Strong Financials
The firm attributed its strong performance to its balance in practice areas, with dispute resolution bouncing back after a quieter couple of years.
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May 05, 2023 |
Withers Calls On Junior Partners to Stump Up as LLP Accounts Show Cash Fall
The firm's recently-filed accounts show its overdraft balance is higher than its cash level.
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April 12, 2023 |
Which Top Law Firms Could be Most Affected by Incoming UK Tax Changes?
Six UK top 50 firms affected by the changes had cash balances of under £20 million in their most recent accounts, Law.com International analysis has found.
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March 29, 2023 |
The Industry's 'Achilles heel': Freshfields Focuses on Reducing Lock-up
'Chasing clients for a couple of months is normal, but we're finding it's taking longer these days—so we're really quite focused on cutting that gap down.'
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February 01, 2023 |
Freshfields US Revenue Growth Outstrips All Other Regions, Accounts Show
The numbers show the importance of the US to the firm's strategy as it seeks to compete in the world's largest legal market.
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January 05, 2023 |
Top Dechert Earner Took Home Over £5M Last Year, UK Accounts Show
Profits soared despite the firm's U.K. turnover remaining broadly flat for the 2021 calendar year, according to the latest LLP filings.
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December 19, 2022 |
Macfarlanes Highest Paid Partner Took Home £3.8M in 2022, Accounts Show
The group of key management personnel also received an additional 15%.
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November 17, 2022 |
Norton Rose Fulbright Posts Steady Growth Outside US
The firm was in line with transatlantic rivals and states it's 'well placed to navigate the current global, economic headwinds'.
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October 28, 2022 |
Linklaters Cuts Cash Reserves Again, LLPs Show
The move contrasts with some other Big Law players that have decided to bolster their war chests to arm against a potential recession.
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October 11, 2022 |
Hogan Lovells Builds Up War Chest For Potential Recession, Accounts in UK Show
Bryan Cave Leighton Paisner's LLP accounts have also been filed in the UK, showing its cash reserves dropped.
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August 15, 2022 |
IPO Plans Cost Mishcon Nearly £12M During Last Financial Year, Accounts Show
Earlier this year, Mishcon's managing partner indicated the firm would revisit plans to list, but not for the 'foreseeable future'.
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June 17, 2022 |
What Balance Sheets, Pride Month and Four Day Weeks Have in Common
It can be easy to look for problems when actually the overarching message is a positive one, writes Paul Hodkinson in this week's London Lawyer Briefing.
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June 17, 2022 |
'Now is a Harsher, More Challenging, Uncertain Time': An Auditor's View on UK Law Firm Finances
In a video interview with Law.com International, an accountant discusses the strengths and weaknesses of the U.K.'s top law firms based on an analysis of their LLP accounts.
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June 16, 2022 |
Bunkering Down: LLP Analysis Reveals Firms' Cash Management Through Pandemic
The latest law firm debt rankings show seven of the UK's top 50 firms cleared 100% of their borrowings in the 12 months to April 2021, but one in five still have a negative net cash position.
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May 12, 2022 |
DLA Piper's Big Question: Is It Time For Financial Integration?
Partner concerns around merging profit pools include possible de-equitisation of partners in the non-U.S. arm.
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April 05, 2022 |
Baker McKenzie's Highest Paid UK Partner Hits £4M Mark For First Time, LLPs Show
The firm has also committed to London lease payments of £10.5 million per year, the accounts reveal.
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March 30, 2022 |
Clyde & Co and BLM Merger: The Pressures Facing Insurance Firms
With fierce competition between law firms for spots on insurer panels, some believe that consolidation pressure is growing.
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March 28, 2022 |
Clyde & Co and BLM Vote Through Merger
The combined law firm will become the 12th largest by revenue in the U.K.
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March 15, 2022 |
Moscow Offices Struggled Before Closures, LLPs Reveal
Analysis of accounts at several large international law firms has found many appeared to be grappling with falling Russia revenues and losses.
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February 25, 2022 |
Hogan Lovells Looks Back, HSF Looks Forward | Slaughters' New Tech | Freshfields' Sombre Reminder
The London Lawyer: Leadership at Hogan Lovells and HSF have had an interesting week, Slaughter and May has taken a new approach on tech, and Freshfields' accounts issued an important reminder.
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February 24, 2022 |
Freshfields LLPs Remind Partners of Firm's 'Considerable Discretion' Over Distributions
The firm's management pay leaped by nearly 19% during the last financial year as the firm stated its "considerable discretion over the timing of any cash distributions to partners."
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February 10, 2022 |
HSF Top Pay Climbs As Dentons Profits Recover, LLPs Show
After slumping the previous year, Dentons operating profit for its UK and Middle East arm has grown.
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January 31, 2022 |
Ashurst's Top Pay Breaks £2M For First Time, LLPs Show, As Profits Bounce Back
The stronger results follow a 9% slump in operating profits in the year ending April 2020.
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January 28, 2022 |
Taylor Wessing Top Pay Soars To Over £3M
The figure is higher than the amount earned by the highest remunerated partners at firms such as Clifford Chance over the same period.
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January 28, 2022 |
DLA Piper's International Growth Stalls But Partners Pocket Bumper Bonuses, Accounts Show
The firm's Asia and Australia arms' revenues were hit in particular during the 2020-21 financial year.
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January 27, 2022 |
Clyde & Co's Top Pay Surpasses £2M For First Time As Pinsents Doubles Cash Reserves
Clyde & Co and Pinsent Masons' LLPs both show profit increases for the 2020-21 financial year.
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January 25, 2022 |
Which Firms Have the Biggest Pay Gap Between Top and Bottom Earners?
The pay war may have closed the gap between junior and senior pay - but in some cases, the top UK earners still earn 47 times as much as newly qualified lawyers.
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January 11, 2022 |
Gateley Acquires IP Firm For £2.5M
The listed U.K. firm continues a run of acquisitions that has seen it enter new markets, including reputation management and quantity surveying.
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December 23, 2021 |
Allen & Overy's Prudent Pandemic Planning Leaves It With Mountain of Cash
The firm introduced a raft of cost-cutting measures last year to deal with COVID-19 disruption.
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December 09, 2021 |
Three Firms Unveil Strong Operating Profit Growth in Latest Financial Statements
Macfarlanes, Norton Rose Fulbright and Ince have all unveiled double-digit growth in their latest accounts filed in the UK.
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November 17, 2021 |
Eversheds Sutherland Doubled Cash Balance During COVID, Accounts Show
The firm's non-US arm shored up its cash position through aggressive cash collection, fewer expenses and the sale of its secretarial arm.
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August 16, 2021 |
White & Case UK Accounts: Profits Soar, Emissions Plummet and an Office Sold for £6
The firm's London office energy usage dropped sharply during the lockdown and the UK LLP sold its Johannesburg branch.
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August 11, 2021 |
'Not Enough Time To Adapt': UK Firms Fear LLP Tax Changes
Under proposed UK taxation rules, LLPs will no longer be able to defer their tax payments, creating problems for those with tight cash flows.
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June 14, 2021 |
The UK Top 50 Ranked By Average Lawyer Salaries
Mid-tier firms have outpaced most larger firms in increasing their staff costs per lawyer, auditor analysis has found.
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June 10, 2021 |
Which UK Law Firms Have the Least Cash and the Most Debt?
Analysis of the U.K. Top 50's LLP accounts shows that several law firms had less than half as much cash on their balance sheets than debt in early 2020.
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June 09, 2021 |
UK Top 50 Auditor Analysis: 'It's Difficult to Turn Off The Costs Tap'
In a video interview with Law.com International, an accountant discusses the strengths and weaknesses of the U.K.'s top law firms based on an analysis of their LLP accounts.
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May 19, 2021 |
How Big is the UK Legal Industry's Carbon Footprint?
Nearly 2.5 million tree seedlings would need to be grown for a decade to offset the annual emissions of the Top 50 UK law firms.
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April 06, 2021 |
Ashurst Profits and Top Pay Dropped During "Year of Consolidation", LLPs Show
The accounts show operating profit for the previous financial year slumped.
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March 15, 2021 |
Dentons UK and Middle East Profits Fell by 16%, LLP Accounts Show
The firm also took advantage of the U.K. government's VAT deferral scheme in the year to April 2020.
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February 03, 2021 |
CMS Top Pay Reaches Record Post-Merger High, LLP Accounts Show
CMS management pay also increased by over 10% for the last financial year, in which the firm posted a modest uptick in revenues.
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January 08, 2021 |
Clifford Chance Builds Up £100M On Balance Sheet, LLP Accounts Show
The firm also saw its staff costs rise in a year in which revenue and profits remained fairly flat.
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December 15, 2020 |
Macfarlanes Profits Jump 22% As Firm Improves Cash Position
Salary costs at the firm rose 10% across the year while pay for the top earning partner dipped.
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December 03, 2020 |
Pinsents Top Earner Pay Hits All-Time High, LLPs Reveal
It comes as the firm's management pay fell by over 10% for the financial year.
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November 24, 2020 |
Clifford Chance Latest to Change German Structure Ahead of Brexit
The firm is the latest to make the move, joining Freshfields Bruckhaus Deringer and Eversheds Sutherland.
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August 26, 2020 |
White & Case UK and Africa Business Increases Turnover, Profits For Distribution Fall
Revenues for the firm's Africa practice dropped for another consecutive year.
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May 04, 2020 |
At Risk: The Firms With The Least Cash and The Most Debt
An analysis has laid bare the precarious cash position at many firms following an auditor report on the UK's top 50 law firm accounts.
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February 12, 2020 |
Travers Smith Debtor Levels Grow Again As Profits Rise
Client debtor figures stood at £40.7 million for the firm's 2019 financial year.
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February 05, 2020 |
Pinsents' Profits Drop For First Time Since 2011
The firm's LLP accounts reveal pay decreases for both the top-paid partner and the management team.
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February 04, 2020 |
Ashurst Top of Equity Hits All-Time High as Management Pay Soars By 40%
Operating profits rose by almost 20% in the last financial year.
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January 31, 2020 |
Turnover and Profit Drops at Norton Rose Fulbright, LLP Accounts Show
The firm's latest financial results come after several office closures across the globe, including Bahrain most recently.
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January 31, 2020 |
Freshfields Management Pay Drops 20% As Firm's Asian Growth Soars
The firm's European revenue grew by just 1.5% last year, the slowest growth globally for the firm.
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January 23, 2020 |
DAC Beachcroft and Hill Dickinson Accounts Reveal Pay Boosts
Pay for the top-earning partner at DAC Beachcroft rose by 3% last year.
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January 22, 2020 |
HSF Joins Firms Making Brexit LLP Changes in Germany
The firm is the third to change the LLP status of its German operations ahead of Brexit.
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January 13, 2020 |
Eversheds Plots Post-Brexit LLP Changes in Germany
The firm will switch to a local LLP if a no-deal Brexit occurs.
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December 23, 2019 |
Allen & Overy Profits Rebound, Accounts Reveal
By jurisdiction, the firm's Middle East and Africa arm saw the highest percentage revenue growth.
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December 11, 2019 |
Fieldfisher Maintains Double-Digit Revenue Growth in Half-Year Financials
The firm has attributed its growth to its European expansion strategy, particularly in Germany.
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November 25, 2019 |
Simmons Creates New LLP to Mitigate German Privilege Concerns
Following a raid on Jones Day's Munich office there is "nervousness" around which documents will be covered by attorney-client privilege in the country post-Brexit.
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November 04, 2019 |
Linklaters Management Pay Leaps 17% As US Arm Outpaces UK
The firm's LLP accounts have also revealed that profits to share between partners grew by almost 20%.
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October 14, 2019 |
K&L Gates Boosts LLP Profits and Revenue As Partner Numbers Fall
The U.S. firm's profits for division among members shot up 258.7% in the year ended in December 2018.
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October 10, 2019 |
Reed Smith International Turnover Grows Just 1% Amid Profits Drop
The firm paid out 5% more to its highest-paid partner during the most recent financial year, its LLP accounts show.
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October 02, 2019 |
Hogan Lovells International LLP Sees Profits and Revenues Rise
The trans-Atlantic firm's international LLP accounts break down the revenues into three key regions: the U.K., continental Europe, and Asia, Pacific and the Middle East.
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October 01, 2019 |
Dechert Smashes £100M UK Revenue Mark But Profits Drop
The firm attributed the fall in operating profits to "significant investments in our people and property".
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September 19, 2019 |
King & Spalding UK Profits and Turnover Soar in 2018
The U.S. firm's international LLP accounts also reveal that the firm's France branch suffered a revenue hit in 2018.
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September 05, 2019 |
McDermott London LLP Accounts Show Slower Growth
The accounts show revenues rose 12% in 2018, which differs from the firm's stated 40% increase.
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August 19, 2019 |
White & Case LLP Profits and Turnover Fall
The firm's operating profit has fallen by nearly 10% following 36% growth the previous year.
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June 20, 2019 |
Top 50 Firms Have £5.6BN Of Unpaid Client Invoices
Research shows that the legal sector is operating on a thinly-capitalised model that leaves it vulnerable to market shocks.
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June 19, 2019 |
UK Top 50 Halts Slide in Profit Margin
Technology is cited as a possible driver behind efficiency gains as an analysis of LLP accounts reveals the hidden strengths and weaknesses at the largest firms.
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April 04, 2019 |
Bakers UK Arm Achieves Double-Digit Turnover, Profit Growth As Board Pay Surges
The firm has grown its London financial footprint alongside its global expansion.
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March 01, 2019 |
McDermott's London Revenues Rocket Almost 40 Percent
As London's revenues rise sharply new boss Hamid Yunis says he wants to continue to strengthen non-US offices.
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March 01, 2019 |
Morgan Lewis U.K. Profits Soar Over 70% Amid London Partnership Changes
The firm's latest U.K. accounts show revenue jump by nearly a third amid a series of changes to the firm's partnership.
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February 21, 2019 |
Norton Rose top management changes cut combined pay by nearly 45%
Salary news emerges as City disputes partner Poupak Anjomshoaa exits for Baker Botts after just a year
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February 18, 2019 |
Irwin Mitchell doubles size of board, mostly with non-legal execs
The board shake-up has created five new executive roles, four of which are non-legal
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February 11, 2019 |
RPC and Taylor Wessing join the double-digit growth club
The firms are the latest to report strong growth in 2017-18
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February 08, 2019 |
Travers top partner pay jumps by a third to hit £2m
The firm's top paid partner took home £1.5m last year
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February 07, 2019 |
Profits surge as Freshfields reins in staff costs
Magic circle firm's profit rises 15% amid industry's struggle to rein in costs
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February 06, 2019 |
Ashurst top earner takes home £1.4m as profits leap 16%
40% jump sees biggest partner pay-out in recent years
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February 04, 2019 |
LLP filings show rapid growth of alternative legal centres at HSF
Firm's eight centres have grown revenue by 90% in recent years and have worked with almost all its top clients
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February 01, 2019 |
DLA Piper revenue grows 5% as firm cites knock-on effects of cyberattack
Payment for the global firm's top team grew by 22%
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January 29, 2019 |
Final BLP accounts show operating profit fell 21% in last year before US merger
BCLP posts first combined results since transatlantic tie-up as Addleshaws LLPs reveal value of HBJ merger
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January 24, 2019 |
Total cost of Olswang and Nabarro acquisitions unveiled in CMS accounts
Post-merger LLP filings reveal higher new top of equity, sizeable acquisition costs and a large bank facility
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December 24, 2018 |
CC accounts reveal near 40% spike in pay for top management team
LLP filing shows rising remuneration for leadership as top pay figure remains flat at £3m
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October 09, 2018 |
Weil boosts London profits by 40% as LLPs show £1.2m pay for top earner
Turnover for the UK arm grows 18% to reach £126.1m
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October 05, 2018 |
Dechert accounts show UK profits rising 43% as top earner takes £3.8m
US firm nears £100m UK turnover mark after 24% hike during 2017
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June 22, 2018 |
Profit margins fall across UK top 50 as staff costs soar
More than half of the UK top 50 have seen their operating profit margin fall since 2013-14
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June 14, 2018 |
'Firms don't have enough net cash to pay their next payroll' – what are the warning signs for the UK top 50?
LLP accounts reveal operating profit margins slipping, staff costs rising and a limited cash safety net at many firms
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June 13, 2018 |
Which law firms spend the most on their staff?
LLP filings provide an insight into staff costs at the UK top 50 - so which firms have the most expensive employees? And who spends the biggest proportion of revenue on their people?
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February 13, 2018 |
Herbert Smith Freehills accounts reveal £33m tech investment as Ashurst management pay dips
HSF and Ashurst LLP accounts reveal firms spending
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