Lovells' half-year results see revenues static at £259m

Lovells has reported a slight dip in revenues for the first half of 2009-10, with the City firm posting turnover of £259m. The figure means results are virtually static on the same period in 2008-09, when fee income reached £260m. Managing partner David Harris said dispute resolution and the broader finance practice, including restructuring, had seen good growth over the six months, with commerce, employment and intellectual property also putting in strong performances. The firm's corporate practice managed to secure a number of key mandates, despite the drop in transactional activity. Key deals during the period include advising SEGRO on its acquisition of property company Brixton, as well as its £500m rights issue, and advising the management of Orangina Schweppes Group on its €2.6bn (£2.3bn) sale to the Japanese drinks company Suntory.

Lovells' half-year results see revenues static at £259m legalweek.com Sat, Nov 14, 2009