Law firm news by topic » Profit

Simmons' PEP surges 22% to near £650k

Jun 27, 2008 Simmons & Simmons has boosted its profits per equity partner (PEP) by more than £100,000 over the last financial year, with the top 10 City outfit this year posting average profits figures of £647,000.

more »

Addleshaw Goddard increases profits by 11%

May 31, 2008 Profit per equity partner at Addleshaw Goddard has increased to £586,000 after the law firm increased its annual income by 11%. The firm, which has offices in Leeds, London and Manchester, saw income increase to…

more »

Eversheds on course for growth targets

May 26, 2008 Eversheds is on course to achieve the strategic objectives it set itself two years ago. The law firm, which celebrated its centenary last year, has announced financial results for 2007-08 which reveal a 10 per cent…

more »

CMS Cameron McKenna PEP up 30 per cent

May 23, 2008 CMS Cameron McKenna’s average profit per equity partner (PEP) has rocketed by 30 per cent, to £650,000 from £502,000 a year ago. The firm also revealed turnover of £235m, a rise of 19 per cent on last year’s…

more »

SJ Berwin PEP growth stalled

May 16, 2008 SJ Berwin has released it year-end financial results, revealing turnover up by 14 per cent from £189m to £215m. However average profit per equity partner (PEP) has nudged up by just 2.4 per cent, to £801,000 from…

more »

Lovells revenues up 13 per cent

May 16, 2008 Lovells has posted a robust financial performance during the 2007-08 period with revenues rising by 13 per cent and average profit per equity partner (PEP) up by 10.5 per cent.

more »

Eversheds with ten per cent growth in revenue

May 16, 2008 Eversheds has delivered a ten per cent growth in annual revenue which now stands at £390m. Profit per equity Partner (PEP) growth also grows in line with revenue growth at ten per cent , bringing Eversheds' PEP to…

more »

Mayer Brown accounts reveal European profits dip

Mar 7, 2008 Operating profits in Mayer Brown’s London and Brussels offices fell by £3.3m during 2007 to stand at £37.7m, despite an £8.9m increase in fee income to £103.5m. Partner numbers in the international LLP increased…

more »

Dechert Gives 13 Associates Layoff Notices

Mar 1, 2008 The slowing economy has hit home at Dechert, which has just issued layoff notices to 13 associates strictly in its finance and real estate practice, according to a source inside the firm. Shortly after the firm confirmed…

more »

Latham breaks $2bn with record results

Feb 9, 2008 Latham & Watkins has reported record results for the 2007 financial year, becoming the first US firm ever to break the $2bn revenue barrier. Latham posted a 23 per cent hike in revenue on 2006’s $1.62bn, taking…

more »

Cadwalader first US firm to post fall in PEP

Feb 6, 2008 Cadwalader Wickersham & Taft has posted a 6 per cent fall in average profit per equity partner (PEP) for the 2007 financial year, making it the only US firm so far to report a decrease in bottom line figures.…

more »

Weil doubles profit as US firms excel in London

Jan 29, 2008 Weil Gotshal & Manges' London office has thrown down the gauntlet to its rivals by reporting a doubling of its profit in what looks set to be a record year for US firms. Weil doubled average profit per equity partner…

more »

Salans' record year sees PEP double

Jan 15, 2008 Salans is set to double its average profit per equity partner (PEP) to more than £850,000 after a record year in which revenue was boosted by more than a third to hit an estimated $280m (£143m). The firm, which reports…

more »