- Simmons closes results season with falls in both PEP and revenue
Simmons & Simmons has revealed its official financial results for 2009-10, posting an 11.3% drop in profits per equity partner (PEP).
The UK top 15 law firm's PEP now stands at £461,000, down almost £60,000 from the figure...
- Individual PC fee set at £428, firms to pay 0.3-1.1%
The PC fee paid by individual solicitors for 2010-11 has been set at £428, the SRA has announced. Following the abolition of the combined PC fee, firms will pay a further amount, calculated according to a banding system. Firms with a turnover...
- Legal Accounts recruiting: quarterly market update from Balance Recruitment | July
The team at Balance Recruitment, a leading recruiter within the Legal Accounts sector in London, have published their latest quarterly market update, and reflect positively on the continued upturn in the market.
The latest quarterly report...
- Wall Street's legal elite stage recovery but fees fall at US top 100
Wall Street's leading law firms have defied gloomy predictions to stage a notable comeback in 2009, emerging as the top performers among the US's 100 largest law firms.
Financial results for 2009 from Legal Week's US sister title The...
- Turnover and PEP down at Nabarro
Nabarro has posted a 10 percent drop in turnover alongside a double-digit fall in average profit per equity partner (PEP) for the 2009-10 financial year.
Turnover fell from £126.5m at the 2008-09 year-end to £113.8m while PEP...
- The great and the gone: Cat Griffiths on the end of Halliwells
Beware a managing partner with too much vision. In its pomp, Halliwells wanted to be a national firm in the DLA Piper mould.
It is now going to be remembered as the most high-profile failure in the UK legal market since Turner Kenneth...
- Herbert Smith sees small rises in PEP and turnover for 2009-10
Herbert Smith has become one of just a few firms to reveal a slight increase in both turnover and profits per equity partner (PEP) for the 2009-10 financial year.
Turnover at the top 10 City firm increased by 1.3% to £449.9m during...
- Ashurst revenue sees small dip as PEP climbs to £689k
Ashurst has unveiled a 2.6% drop in revenue as the top 20 City firm becomes the latest to reveal its financial results for the 2009-10 financial year.
The firm's turnover stands at £293m, dipping from £301m in the 2008-09...
- Businesses more positive about hiring in the next 12 months, finds survey
An improving global economy has triggered a renewed sense of optimism in UK hiring plans over the next year.
Thirty-nine per cent of UK employers reported they plan to hire full-time workers in the next 12 months. Twenty-six per cent plan...
- Financials: LG ‘delighted’, Norton Rose ‘down a little’
LG and Norton Rose are the latest firms to announce their 2009-10 financials, with the London South Bank neighbours producing markedly different results.
LG posted a 63 per cent rise in average profit per equity partner (PEP) while...
- Shepherd & Wedderburn posts 11 per cent revenue drop
Scottish firm Shepherd & Wedderburn increased profits by 9 per cent in the 2009-10 financial year despite revenues dropping by 11 per cent.
The 98 per cent of staff who took a one-off period of unpaid leave - a cost-saving measure...
- Nationals post mixed financial results as firms chase top 50 status
A number of national practices have announced their financial results for 2009-10, as the firms ranked just outside of the top 50 attempt to break into the UK's leading band of law firms.
Weightmans and HBJ Gately Wareing have both posted...
- Revenue drops 7 per cent at SJ Berwin, PEP nudges up
SJ Berwin has announced a 7 per cent drop in turnover for the 2009-10 financial year, with fee income falling from £184m last year to £171m.
It is the second successive year the City firm has posted a decline in turnover,...
- Initial results point to an increase in profitability
Firms are not necessarily billing as much as in 2009, but the majority are more profitable than they were a year ago, according to an overview of the results from the first practices to report their figures for the 2009-10 financial year.
- BLP posts steady financial results for 2009-10 as PEP and revenue rise
Berwin Leighton Paisner (BLP) has announced improved financial results for 2009-10 after the firm's profits dropped by a third last year.
The UK top 20 firm has estimated that average profits per equity partner (PEP) will stand at £...