Breaking News

Explosion of U.S. M&A Leaves U.K. Firms Trying to Keep Up
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

London law firms

Summary: U.K. law firms have seen little growth the past year in comparison to the U.S. firms that have had a boom of mergers and acquisitions.

The four biggest law firms in London, which are part of the magic circle, include Allen & Overy LLP, /” target=”_blank”>Linklaters LLP, Freshfields Bruckhaus Deringer LLP LLP LLP, and Clifford Chance LLP. The revenue for last year at these law firms was minimal as Britian lags behind the U.S. in mergers and acquisitions.

  
What
Where


Allen & Overy LLP had the best performance with a 4 percent revenue increase to 1.28 billion pounds. The other three had revenues increases similar to their previous year. Linklaters reported around 1 percent of an increase to 1.27 billion pounds. Freshfields reported a 1 percent increase to 1.25 billion pounds. Clifford Chance reported very little of an increase to 1.35 billion pounds. The foreign-exchange was one influence on their minimal growth.

In the past, the magic circle has been greatly affected by international M&A. The global M&A activity increased by a third to $3.6 trillion in the past year while the U.K. only saw an increase of 11.6 percent to $509.9 billion.

Freshfields led the magic circle in advising on deals with a 10 percent market share on global advisory work for deals that are valued at $356.5 billion. Linklaters managing partner Simon Davies noted “Increased activity in complex cross border mergers has been a key driver behind our improved financial results. The uptick in deals was particularly noticeable in U.S. domestic deals which will have largely benefited U.S. based firms.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




The Greek crisis and promised U.K. referendum on the European Union membership has halted a lot of M&A activity throughout the EU so they are having to come up with other ways of increasing revenue. Clifford Chance is working on developing expertise in equity, insurance, and capital markets.

Source: http://www.bloomberg.com/news/articles/2015-07-10/top-u-k-law-firms-play-catch-up-with-u-s-rivals-amid-m-a-boom



Photo: good2bsocial.com



 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Senior Antitrust Associate Attorney

USA-CA-San Diego

San Diego office of our client seeks Senior Antitrust Associate Attorney with 7 years of experience....

Apply Now

Senior Antitrust Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks Senior Antitrust Attorney with 9 y...

Apply Now

Patent Attorney

USA-DC-Washington

Washington, D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks Patent Attorney with 1 ye...

Apply Now

RELEVANT JOBS

Senior Electronic Files Specialist

USA-DC-Washington

Project Supervisor US-DC-Washington Supporting the Most Exciting and Meaningful Missions in th...

Apply now

Contract Attorney - PI and Insurance Litigation

USA-TX-Houston

This is a key role in a fast-growing law firm founded by a forward-thinking entrepreneurial lawyer. ...

Apply now

Paralegal / Office Administrator

USA-GA-Gainesville

Compensation:     $15 to $20 Hourly Employment Type:    Full-Time ...

Apply now

General Legal Counsel (Work-life balance and exciting opportunity working in-house for a tech compan

Canada-AB-Edmonton

Not your everyday legal position. Work-life balanced, yet with variety and challenge: a position you...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top