Top corporate practices fend off worst effects of slump

News Article - 19/01/2012 : clifford chance, merger, recession, revenue, VAT, Finance, Finance, Practice Management

For the UK's top corporate practices 2009-10 was very much a case of plus ça change, plus c'est la même chose, with dealflow still in decline and competition for the work that remains as tough as ever.

Revenues for the top 20 corporate...

Wragges hit hardest as Midlands firms suffer

News Article - 19/01/2012 : pep, profitability, redundancies, revenue, Finance, Finance, Practice Management

There has been little revenue growth among Midlands firms over the past financial year, with four out of the five major Birmingham players reporting a fall in income.

The region's biggest outfit, Wragge & Co, reported a fall in...

UK recruiters keen to expand overseas

News Article - 19/01/2012 : recession, recruitment, revenue

UK recruitment firms are planning global expansion over the coming year, according to new research.

Almost a third of UK recruitment companies plan to extend their operations into Europe in the next 12 months, research from the Association...

Simmons closes results season with falls in both PEP and revenue

News Article - 19/01/2012 : financial results, outsourcing, pep, revenue, VAT, Finance, Finance

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%

News Article - 19/01/2012 : revenue, SRA, Finance, Finance

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

News Article - 19/01/2012 : recruitment, revenue, us law firms, Finance, Finance, Human Resources

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

News Article - 19/01/2012 : billing, financial results, profitability, recession, revenue, us law firms, Practice Management, Practice Management

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

News Article - 19/01/2012 : pep, revenue, Finance, Finance

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

News Article - 19/01/2012 : pep, revenue, Practice Management, Practice Management

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

News Article - 19/01/2012 : pep, revenue, Finance, Finance

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

News Article - 19/01/2012 : ashurst, pep, revenue, Finance, Finance

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

News Article - 19/01/2012 : recruitment, revenue, Human Resources, Human Resources, Practice Management

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’

News Article - 19/01/2012 : financial results, lg, Norton Rose, profitability, revenue, Finance, Finance

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

News Article - 19/01/2012 : recession, revenue, Finance, Finance

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

News Article - 19/01/2012 : financial results, revenue, Finance, Finance, Practice Management

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...