Bucking the trend of law firms suffering drops in revenue, Bird & Bird saw revenues rise by 29.6% in the last fiscal year. The firm reported gross revenue of £186.3 million ($303.4 million) in fiscal 2008-09, up from £143.7 million ($234.07 million) in 2007-08. PPP fell 6.5% to £481,000 pounds ($783,500). The firm expanded quite a bit in [...]
Continue reading...Friday, July 10, 2009
Allen & Overy has announced its revenue for the last fiscal year was up 7% to more than £1.09 billion ($1.77 billion), despite a large number of layoffs. Profits fell 4% to £431 million ($698 million). The firm has the second highest gain in revenue for Magic Circle firms, after Freshfields reported a 9% gain. Founded in 1930, [...]
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...Friday, July 3, 2009
Linklaters, which announced in April salary cuts for starting lawyers and reduced salary increases, is now the UK’s largest firm by revenue, reporting income of £1.3 billion ($2.13 billion). But profit per equity partner fell 9.6% to £1.3 million ($2.12 million). Europe and the Middle East produced 83% of Linklaters’ revenue; Asia produced 11%; and the Americas [...]
Continue reading...Saturday, June 27, 2009
In a year when most big law firms are seeing a drop in revenue, the UK’s Ince & Co is bucking the trend, recording that its revenues for fiscal 2009 were up 23.5%, hitting £79.4 million ($130.4 million). In fiscal 2008, the firm’s revenue rose 14.5%. London’s Ince & Co is an international law firm, with a [...]
Continue reading...Friday, April 10, 2009
The Podesta Group has added at least six principals this year. Podesta saw a 44% rise in gross lobbying revenue from 2007 to 2008. So far this year, the firm has filed 18 registrations for new federal lobbying clients, including Deloitte, Michelin North America, and Sallie Mae. The firm’s existing clients include Google, Wal-Mart, and Reed Elsevier, [...]
Continue reading...Thursday, April 9, 2009
A JDJournal tipster informed us yesterday that Quinn Emanuel held layoffs at their Los Angeles office. Today the firm confirmed that our tipster was reliable: Quinn Emanuel laid off 10 staff members in LA this week. No lawyers were affected. Quinn Emanuel’s revenues climbed 15% to $442 million in 2008, and profits per partner rose 11% to $3.34 [...]
Continue reading...Sunday, March 8, 2009
Am Law 100 firm Kirkland & Ellis saw an increase in revenue and flat profits per partner in the 2008 fiscal year. Revenue rose 7% to $1.4 billion, and profit per partner was flat at $2.47 million. Revenue per lawyer fell 3% to $1.05 million. Business for the firm’s large private equity group was down, but that [...]
Continue reading...Monday, March 2, 2009
New York’s Debevoise & Plimpton announced that its 2008 gross revenue climbed 7.2%, while profits per partner fell nearly 3%. Revenue grew to $760.8 million, but profits per partner dropped to $2.23 million. The drop-off in profitability followed declines at other New York-based firms, such as Skadden, Arps, Slate, Meagher & Flom; Sullivan & Cromwell; and Davis [...]
Continue reading...Saturday, February 28, 2009
Hogan & Hartson’s revenue and profits fell flat in 2008, after a record year in 2007. The firm’s gross revenue rose 4.8% to $922.5 million, but the firm’s revenue per lawyer fell 2% to $833,000. Hogan’s profits per partner fell 1.69% to $1.17 million. In 2007, the firm reported gross revenues of $880 million and profits per [...]
Continue reading...
Sponsored by |
Wednesday, July 15, 2009
0 Comments