King & Spalding London and France revenue increases while profit decreases

US firm King & Spalding has reported financial performance at its London and Paris offices for 2015, revealing a revenue increase of 11% to £41.9m. The firm credits this increase to its recent expansion efforts. Profit, however, dipped by 10% as the firm reported an operating profit of £15.6m in 2015, down from £17m in 2014. King & Spalding reported an increase of more than 25% in operating expenses, which rose from £20.3m in 2014 to £25.8m in 2015. According to London managing partner Garry Pegg, the firm has seen growth across several departments in recent years.

King & Spalding London and France revenue increases while profit decreases legalbusiness.co.uk Tue, Dec 13, 2016