King & Spalding revenues and headcount on the rise
King & Spalding dramatically grew its London practice in 2014 and the results led to a quick ascent in revenues over the same period. Compared to 2013, the firm added 40% to its lawyer headcount, growing from 35 lawyers to 49 in 2014. The number of partners grew from 23 to 29 and included some high profile partner hires, such as Tom O'Neill. King & Spalding grew its staff by 34% to a total of 87 members.
That growth translated into almost £4m of additional revenue compared to the previous year, a 16% rise. In 2013, the firm posted £23.43m in revenue and raised that number to £27.23 just one year later. In the same period, the firms profits rose from £11.8m to £13.06m.
The firm's office in Paris by comparison showed a 6% decline in revenue over the stated period.
The firm has similarly pursued an aggressive expansion model in 2015, adding Berwin Leighton Paisner's head of advocacy Stuart Isaacs QC, Fried Frank Harris Shriver & Jacobson's London head of disputes Nick Cherryman and Allen & Overy's former European head of US law Thomas Jones this year.