Camerons withholds staff bonus for second year

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

CMS Cameron McKenna has withheld the firmwide bonus payable to all staff for the second year running after the firm missed its turnover target.

The performance-related bonus, usually paid to all staff below partner level, is 5 per cent of...

Shakespeares, Needhams merge to create £24m Birmingham giant

News Article - 19/01/2012 : Legal Services Act, merger, revenue, VAT, Practice Management, Practice Management

Birmingham-based Shakespeare Putsman is to merge with Midlands rival Needham & James, creating a £24m, 40-partner firm.

The deal is set to go live on 1 July. It follows the merger of Shakespeares and Putsmans three years ago,...

Holman sees revenues inch up as firm nears £100m mark

News Article - 19/01/2012 : holman fenwick willan, revenue, turnover, Finance, Finance

Holman Fenwick Willan has posted a marginal increase in fee income for 2009-10 as the firm nears the £100m revenue mark for the first time.

Turnover at the firm grew by 1% during the last financial year, rising to £99.6m from...

Addleshaws sees partners profits rise while revenues fall

News Article - 19/01/2012 : addleshaw goddard, profitability, revenue, Finance, Finance

Addleshaw Goddard has unveiled its financial results for 2009-10, posting a modest increase in partner profits against a small drop-off in revenues.

The firm took in fee income of £167.5m for the financial year, down 3.3% from a...

Kennedys fee income surges 31% to £88m as rapid growth continues

News Article - 19/01/2012 : growth, kennedys, revenue, Finance, Finance

Kennedys has posted a double-digit revenue increase for 2009-2010 with turnover of £88.25m showing a 31% rise on last year's figure of £67.3m.

The UK top 50 law firm saw the majority of its revenue in its UK offices, which generated...

Camerons posts double-digit drop in both revenue and partner profits

News Article - 19/01/2012 : cms cameron mckenna, pep, profitability, revenue, Finance, Finance

CMS Cameron McKenna has posted a double-digit drop in both profits and revenues for the 2009-10 financial year.

The UK top 15 firm has informed its partners that total turnover for the last financial year was £214m, down by 11% from...

Bakers London office set for 33% partner profits fall

News Article - 19/01/2012 : baker & mckenzie, financial results, pep, revenue, Finance, Finance

Baker & McKenzie's City office looks set to take almost twice the hit on profits per equity partner (PEP) as the rest of the firm, with London PEP expected to have fallen by a third in 2008-09.

The international firm's results show...

Burges Salmon steals Osborne Clarke's PEP crown in southern battlefield

News Article - 19/01/2012 : bevan brittan, bond pearce, burgess salmon, clarke willmott, financial results, osborne clarke, pep, revenue, Finance, Finance

The battle for supremacy in the South of England legal market saw Bristol heavyweight Burges Salmon overtake arch rival Osborne Clake in average profit per equity (PEP) stakes during the last financial year.

Both firms saw profitability...

Walker Morris's PEP tumbles by 27 per cent

News Article - 19/01/2012 : financial results, pep, revenue, walker morris, Finance, Finance

North East firm Walker Morris saw average profit per equity partner (PEP) drop 27 per cent in 2008-09 on the back of a turnover drop of 8 per cent.

PEP dropped from £670,000 in 2007-08 to £486,000. Revenue fell from £48m...

Cobbetts coy over profit as figures fall

News Article - 19/01/2012 : cobbetts, financial results, pep, redundancies, revenue, Finance, Finance

Cobbetts has declined to comment on its profit and mounting speculation that its margin has plummeted to unprecedented levels.

The firm reported a turnover figure of £59.4m for the 2007-08 financial year, while costs during the same...

Withers' profit, PEP decreases despite 5 per cent turnover rise

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

Withers' net profit margin fell to 15 per cent in the past financial year, a drop of six percentage points on the previous financial year's figure, while average profit per equity partner (PEP) dropped by 24 per cent.

PEP at the firm stood...

Equity arrivals dent PEP at Forsters

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

The addition of new equity partner hires has contributed to a substantial drop in the average profit per equity partner (PEP) figure at Forsters this year.

The West End property firm's profit margin stood at 25 per cent, which was largely...

SJ Berwin keeps the faith after profit gets sliced in half

News Article - 19/01/2012 : financial results, pep, revenue, sj berwin, Finance, Finance

Average profit per equity partner (PEP) at SJ Berwin has almost halved during the past financial year, dropping from £801,000 in 2007-08 to £410,000. Turnover at the firm decreased by 14 per cent over the course of the year, down from...

PEP falls 27 per cent at Walker Morris

News Article - 19/01/2012 : financial results, pep, revenue, walker morris, Finance, Finance

North East firm Walker Morris saw average profits per equity partner (PEP) drop 27 per cent in the last financial year on the back of a turnover drop of 8 per cent.

The firm's PEP dropped from £670,000 during the 2007-08 financial to...

Ireland likely to raise VAT by 2%

News Article - 19/01/2012 : iris, revenue, tax, VAT, Finance, Finance

As the Irish Finance Minister, Brian Lenihan, moved this week to reassure the €150bn foreign direct investment community that the Corporation Tax rate will remain at 12.5%, focus will now turn to other tax raising measures to help combat the...