London’s Hammonds LLP saw profits per equity partner fall to £276,000 ($446,000) for the recently ended fiscal year. The firm laid off 77 staffers and cut 20 partners in February. Hammonds LLP is an international law firm with UK offices in London, Birmingham, Manchester, and Leeds. Overseas offices are situated in Brussels, Paris, Berlin, Munich, Madrid, Hong [...]
Continue reading...Tuesday, July 7, 2009
Freshfields Bruckhaus Deringer has reported a 9% rise in revenue for the last fiscal year. Revenue was £1.29 billion pounds ($2.39 billion), up from £1.18 billion pounds ($2.36 billion) in the previous year. Profit-per-partner was £1.44 million pounds ($2.68 million), up just under 1%. London’s Freshfields Bruckhaus Deringer LLP is an international law firm with offices in Europe, [...]
Continue reading...Tuesday, March 3, 2009
According to rumors on the Tubes (it’s not a truck!), Shearman & Sterling is laying off administrative staff today. Lawyers are apparently unaffected. An official announcement is expected tomorrow. If you know anything about layoffs at Shearman & Sterling, please send us a confidential tip! Two weeks ago, Shearman & Sterling reported a 4.9% drop in revenues to [...]
Continue reading...Tuesday, February 3, 2009
US firm Bingham McCutchen’s London office has seen an increase in profit amidst a slight decrease in turnover. The average profit per equity partner went up 7.4 percent, going from $1.75 million to $1.88 million. Turnover fell 4.6 percent, going from $32.5 million to $31 million. James Roome, the London managing partner at Bingham McCutchen, said, “Restructuring [...]
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Friday, July 10, 2009
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