- CMS increases revenue by 5.1% in 2012
CMS, the top 10 global law firm today announces its financial results for the year ended December 31 2012.
- Total annual revenues of €837.7m (£679.3m) - increase of 5.1% compared with 2011 revenues of €797.3m (£...
- More mid-tier mergers predicted as top 100 growth stays low
The UK's largest 100 law firms have seen average year-on-year fee income growth of 3.5% during the third quarter of 2012-13, with mid-tier firms in particular continuing to struggle to grow revenues.
Figures from Deloitte's...
- Econocom announces 2012 preliminary and full-year results
Econocom, the European leader in business- to-business ICT infrastructure management, has announced its unaudited preliminary full-year revenue and results for 2012. These results are in line with the guidance announced by the Group at...
- Top firms reduce debt, cut staff costs and increase capital in response to downturn
As major law firms continue to wrestle with the sustained downturn in Western economies, many are moving to strengthen their financial hand in response, according to public documents.
Accounts filed by CMS Cameron McKenna,...
- Eversheds cuts debt on back of growth year, accounts reveal
Eversheds paid down nearly £20m of its debts in 2011/12, as the firm’s top line returned to growth for the first time in three years.
Sources at Eversheds are bracing themselves for a more difficult 2012/13, however, as half-year...
- Addleshaws posts 3% H1 drop; Bond Pearce, Taylor Wessing enjoy growth
Addleshaw Goddard has announced a 3% revenue dip for the first half of the financial year, with the news coming as Taylor Wessing and Bond Pearce both report double-digit growth over the six-month period.
Addleshaws has posted...
- UK top 100 largest law firms suffer slowest rise in quarterly revenue in nearly two years
The UK's 100 largest law firms by revenue have seen their slowest income growth rate for six quarters, with the largest firms seeing the most sluggish growth.
Results from Deloitte's quarterly law firm survey show an average...
- Salans profits rocket on back of solid year
Salans posted a 21.6 per cent increase in profit between 2011 and 2010, the firm’s LLP accounts have revealed.
Although Salans’ managing partner Dariusz Oleszczuk predicted profits would be flat in 2011 (5 March 2012) the accounts...
- Bakers retains global top spot with 2% revenue rise as partner profits fall 9%
Baker & McKenzie has posted a single-digit increase in global turnover for the financial year ending 30 June, cementing its position as the world's largest law firm by revenue.
The firm took in total revenues of $2.313bn (£1....
- Weightmans, Mishcons and Parabis enter UK top 50 for first time
Legal Week's 2011-12 rankings of the UK's largest law firms by revenue see Weightmans, Mishcon de Reya and Parabis Group entering the table for the first time.
The trio replace Barlow Lyde & Gilbert, now part of Clyde & Co, Dundas...
- UK-wide law firms record 9.4% turnover growth to outpace City-centric rivals
Nationally represented law firms have outpaced their City counterparts after a period of consolidation to post average turnover growth of 9.4%.
The expansion of firms with a UK-wide presence in 2011-12 compares to growth across the...
- LG partners see profits drop 26% as revenues fall further
LG has posted a 26% drop in profits per equity partner (PEP) for 2011-12, with revenue also fallng for a second consecutive year.
The firm, one of the last major UK practices to announce its results for 2011-12, has seen PEP dip by...
- Dundas posts 35% partner profits dip as revenue falls by 12%
Dundas & Wilson has seen profit per equity partner (PEP) fall by more than a third during 2011-12, while revenue also saw a double-digit drop after a challenging financial year for the firm.
Total turnover at the Scots firm...
- Speechly Bircham revenue drop shows impact of RBS loss
Speechly Bircham has posted a fall in revenue for the 2011-12 financial year, with total fee income down by 3 per cent from £59.5m to £57.6m.
Net profit also fell, from £14m to £11.3m, while average profit per equity partner...
- DLA Piper posts double digit increase in turnover outside US
DLA Piper has posted a double digit increase in turnover for its business outside the US during 2011, with the firm seeing revenue increase to £701.6m ($1.125bn).
The figure represents an increase of 16% on the equivalent figure of £604.9m...