Turnover up 17% at Sidley as Reed Smith sees 5% decline
Sidley Austin reporting a 17% increase in turnover at its London office, where revenue rose to £75.2m for the year. The firm made several lateral hires in 2016, including a private equity and finance team that joined from Kirkland & Ellis.
Reed Smith saw City turnover decrease by 5%, falling from £135m in 2015 to £129m in 2016. Other firms reporting decreased London turnover in 2016 include Akin Gump Strauss Hauer & Feld, King and Spalding, and Debevoise & Plimpton.
White & Case and Baker McKenzie increased turnover for their City offices in 2016, while Latham & Watkins did not reveal its turnover for London.