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At Risk: The Firms With The Least Cash and The Most Debt
May 04, 2020
An analysis has laid bare the precarious cash position at many firms following an auditor report on the UK's top 50 law firm accounts.
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Travers Smith Debtor Levels Grow Again As Profits Rise
February 12, 2020
Client debtor figures stood at £40.7 million for the firm's 2019 financial year.
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Pinsents' Profits Drop For First Time Since 2011
February 05, 2020
The firm's LLP accounts reveal pay decreases for both the top-paid partner and the management team.
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Ashurst Top of Equity Hits All-Time High as Management Pay Soars By 40%
February 04, 2020
Operating profits rose by almost 20% in the last financial year.
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Turnover and Profit Drops at Norton Rose Fulbright, LLP Accounts Show
January 31, 2020
The firm's latest financial results come after several office closures across the globe, including Bahrain most recently.
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Freshfields Management Pay Drops 20% As Firm's Asian Growth Soars
January 31, 2020
The firm's European revenue grew by just 1.5% last year, the slowest growth globally for the firm.
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DAC Beachcroft and Hill Dickinson Accounts Reveal Pay Boosts
January 23, 2020
Pay for the top-earning partner at DAC Beachcroft rose by 3% last year.
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HSF Joins Firms Making Brexit LLP Changes in Germany
January 22, 2020
The firm is the third to change the LLP status of its German operations ahead of Brexit.
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Eversheds Plots Post-Brexit LLP Changes in Germany
January 13, 2020
The firm will switch to a local LLP if a no-deal Brexit occurs.
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Allen & Overy Profits Rebound, Accounts Reveal
December 23, 2019
By jurisdiction, the firm's Middle East and Africa arm saw the highest percentage revenue growth.
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Fieldfisher Maintains Double-Digit Revenue Growth in Half-Year Financials
December 11, 2019
The firm has attributed its growth to its European expansion strategy, particularly in Germany.
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Simmons Creates New LLP to Mitigate German Privilege Concerns
November 25, 2019
Following a raid on Jones Day's Munich office there is "nervousness" around which documents will be covered by attorney-client privilege in the country post-Brexit.
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Linklaters Management Pay Leaps 17% As US Arm Outpaces UK
November 04, 2019
The firm's LLP accounts have also revealed that profits to share between partners grew by almost 20%.
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K&L Gates Boosts LLP Profits and Revenue As Partner Numbers Fall
October 14, 2019
The U.S. firm's profits for division among members shot up 258.7% in the year ended in December 2018.
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Reed Smith International Turnover Grows Just 1% Amid Profits Drop
October 10, 2019
The firm paid out 5% more to its highest-paid partner during the most recent financial year, its LLP accounts show.
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Hogan Lovells International LLP Sees Profits and Revenues Rise
October 02, 2019
The trans-Atlantic firm's international LLP accounts break down the revenues into three key regions: the U.K., continental Europe, and Asia, Pacific and the Middle East.
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Dechert Smashes £100M UK Revenue Mark But Profits Drop
October 01, 2019
The firm attributed the fall in operating profits to "significant investments in our people and property".
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King & Spalding UK Profits and Turnover Soar in 2018
September 19, 2019
The U.S. firm's international LLP accounts also reveal that the firm's France branch suffered a revenue hit in 2018.
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McDermott London LLP Accounts Show Slower Growth
September 05, 2019
The accounts show revenues rose 12% in 2018, which differs from the firm's stated 40% increase.
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White & Case LLP Profits and Turnover Fall
August 19, 2019
The firm's operating profit has fallen by nearly 10% following 36% growth the previous year.
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Top 50 Firms Have £5.6BN Of Unpaid Client Invoices
June 20, 2019
Research shows that the legal sector is operating on a thinly-capitalised model that leaves it vulnerable to market shocks.
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UK Top 50 Halts Slide in Profit Margin
June 19, 2019
Technology is cited as a possible driver behind efficiency gains as an analysis of LLP accounts reveals the hidden strengths and weaknesses at the largest firms.
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Bakers UK Arm Achieves Double-Digit Turnover, Profit Growth As Board Pay Surges
April 04, 2019
The firm has grown its London financial footprint alongside its global expansion.
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McDermott's London Revenues Rocket Almost 40 Percent
March 01, 2019
As London's revenues rise sharply new boss Hamid Yunis says he wants to continue to strengthen non-US offices.
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Morgan Lewis U.K. Profits Soar Over 70% Amid London Partnership Changes
March 01, 2019
The firm's latest U.K. accounts show revenue jump by nearly a third amid a series of changes to the firm's partnership.
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Norton Rose top management changes cut combined pay by nearly 45%
February 21, 2019
Salary news emerges as City disputes partner Poupak Anjomshoaa exits for Baker Botts after just a year
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Irwin Mitchell doubles size of board, mostly with non-legal execs
February 18, 2019
The board shake-up has created five new executive roles, four of which are non-legal
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RPC and Taylor Wessing join the double-digit growth club
February 11, 2019
The firms are the latest to report strong growth in 2017-18
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Travers top partner pay jumps by a third to hit £2m
February 08, 2019
The firm's top paid partner took home £1.5m last year
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Profits surge as Freshfields reins in staff costs
February 07, 2019
Magic circle firm's profit rises 15% amid industry's struggle to rein in costs
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Ashurst top earner takes home £1.4m as profits leap 16%
February 06, 2019
40% jump sees biggest partner pay-out in recent years
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LLP filings show rapid growth of alternative legal centres at HSF
February 04, 2019
Firm's eight centres have grown revenue by 90% in recent years and have worked with almost all its top clients
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DLA Piper revenue grows 5% as firm cites knock-on effects of cyberattack
February 01, 2019
Payment for the global firm's top team grew by 22%
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Final BLP accounts show operating profit fell 21% in last year before US merger
January 29, 2019
BCLP posts first combined results since transatlantic tie-up as Addleshaws LLPs reveal value of HBJ merger
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Total cost of Olswang and Nabarro acquisitions unveiled in CMS accounts
January 24, 2019
Post-merger LLP filings reveal higher new top of equity, sizeable acquisition costs and a large bank facility
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CC accounts reveal near 40% spike in pay for top management team
December 24, 2018
LLP filing shows rising remuneration for leadership as top pay figure remains flat at £3m
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Weil boosts London profits by 40% as LLPs show £1.2m pay for top earner
October 09, 2018
Turnover for the UK arm grows 18% to reach £126.1m
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Dechert accounts show UK profits rising 43% as top earner takes £3.8m
October 05, 2018
US firm nears £100m UK turnover mark after 24% hike during 2017
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Profit margins fall across UK top 50 as staff costs soar
June 22, 2018
More than half of the UK top 50 have seen their operating profit margin fall since 2013-14
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'Firms don't have enough net cash to pay their next payroll' – what are the warning signs for the UK top 50?
June 14, 2018
LLP accounts reveal operating profit margins slipping, staff costs rising and a limited cash safety net at many firms
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Which law firms spend the most on their staff?
June 13, 2018
LLP filings provide an insight into staff costs at the UK top 50 - so which firms have the most expensive employees? And who spends the biggest proportion of revenue on their people?
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Herbert Smith Freehills accounts reveal £33m tech investment as Ashurst management pay dips
February 13, 2018
HSF and Ashurst LLP accounts reveal firms spending
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Pay for top Pinsents Masons earner breaks £1m mark with 34% hike
February 06, 2018
Limited liability partnership accounts reveal firm's key management team shared £5.9m in 2016-17
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Addleshaw Goddard highest partner pay falls 30%, accounts reveal
January 31, 2018
The firm's LLP accounts have revealed turnover fell from £195m to £188m
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Final Olswang accounts pre-merger reveal profit plummeted by 77%
January 31, 2018
Olswang, Nabarro and CMS' final set of liability partnership (LLP) accounts reveal finances prior to merger
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Freshfields accounts show pay increase for management team as staff costs rose 10%
January 29, 2018
Management team receives £1m pay boost while staff costs increase despite drop in headcount
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DLA Piper posts 14% increase in revenue for international LLP
January 29, 2018
Currency fluctuations helped drive a £109.3m increase in revenue in 2017
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Mishcon accounts show pay for top earner jumping nearly 25% to break £2m mark
January 10, 2018
2016-17 LLP filing highlights spike in pay for top earner as remuneration for key management team also rises 23%
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Greenberg Traurig London headcount grows by 20% as revenue and profit increase
January 09, 2018
Partner capital contributions increased by 405% over the course of the financial year
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Eversheds accounts highlight management pay shift in first LLP filing since Sutherland merger
January 09, 2018
Pay for key management team falls 20% as group shrinks by one member
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Pay for Fieldfisher's top earner shoots up 70% to break £2m mark
January 02, 2018
Pay hike comes after the firm made double digit gains in profit for 2016-17
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Simmons accounts reveal 10% pay hike for management team as top earner takes £1.4m
December 15, 2017
Management team takes home £8.7m as pay for top earner rises 17%
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Linklaters LLP accounts detail £20.8m profit share for top management team
November 30, 2017
Accounts shed light on remuneration for firm's twelve-member executive committee
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UK Top 50 2016-17: the firms battling to make their mark at the edge of the rankings
October 12, 2017
Whether by merger or organic growth, the firms just outside the top 50 face intense competition for a place in the top tier of the UK market
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Hogan Lovells resets financial reporting in push for closer alignment with US arm
October 02, 2017
Firm posts financial performance for last eight months of 2016 ahead of reporting shift
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Why firms need to look beyond revenue growth and fix underlying productivity and profitability problems
May 30, 2017
Smith & Williamson's head of professional practices, Giles Murphy, on why firms need to get to grips with productivity, profitability and WIP
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Under the bonnet: an in-depth look at the financial health of the UK top 50
May 25, 2017
The LLP accounts for the UK's top law firms offer real insight into the challenges they face
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The warning signs firms should be looking out for: lessons from the UK top 50 LLP accounts
May 22, 2017
Legal Week editor Georgina Stanley talks to Smith & Williamson's Giles Murphy about what UK top 50 LLP accounts can tell us the the state of health of the country's largest law firms
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Baker McKenzie posts 20% London revenue hike to hit £176m
April 10, 2017
Firm's London revenues rise 20% while profit grows by 48%
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Taylor Wessing partners contributed an additional £2m in capital in 2015-16, LLPs show
February 07, 2017
LLPs show firm's highest paid partner received £1.17m in 2015-16
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Ashurst accounts shed light on profits dip and cost of firm-wide investments
February 07, 2017
LLPs show 22% net profit dip after investment in new premises and IT projects
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Stephenson Harwood's top earner gains double-digit pay boost as Pinsents' makes 5% less
January 31, 2017
Highest paid partner receives £1.49m as Pinsents' top earner pay drops to just over £800,000
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RPC's consulting arm posts £2.6m loss as pay for firm's top earner drops 16%
January 26, 2017
Loss comes after acquisition of software company Mariott Sinclair
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Dentons' highest paid partner in UK takes home £1.3m as turnover climbs 7%
January 25, 2017
Top pay climbed 62% in 2015-16
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Olswang's management pay drops by nearly 40% as CMS UK partners see profits for distribution fall 18%
January 16, 2017
Olswang and CMS file LLP accounts ahead of three-way merger with Nabarro
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Macfarlanes accounts show pay increase for management team as top earner takes £1.76m
December 16, 2016
Remuneration for management team rises 13% to £4.3m
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Linklaters LLP accounts show top team shared nearly £20m in profit last year
December 07, 2016
Accounts reveal details of remuneration for magic circle firm's leadership team
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'There are warning signs out there': what the accounts of the UK's top law firms tell us
August 14, 2016
Are the UK's top law firms improving the way they are financially managed?
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Nowhere to hide: UK top 50 LLP accounts analysed
August 11, 2016
With the 2015-16 reporting season nearly over, we take an in-depth look at the LLP accounts for the UK's largest firms for the previous year
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Financing the law firm of tomorrow: why external funding is here to stay
August 11, 2016
Ambitious law firms should be looking beyond their partnership for new sources of capital
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International firms in London - accounts uncovered
March 08, 2016
The most and least profitable US firms in London according to their LLP accounts as well as details of headcount and staff costs
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International firms in London - accounts uncovered
March 08, 2016
The most and least profitable US firms in London according to their LLP accounts as well as details of headcount and staff costs
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Pay divide sees eight of top 20 UK firms award highest earners more than double average partner pay
February 28, 2016
Top earners at Clydes, Allen & Overy, Freshfields and Eversheds among those landing more than double average PEP
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Pay divide sees eight of top 20 UK firms award highest earners more than double average partner pay
February 28, 2016
Top earners at Clydes, Allen & Overy, Freshfields and Eversheds among those landing more than double average PEP
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Kennedys full equity partnership shrinks 14% as profit and turnover dip
February 10, 2016
Fellow insurance firm Ince & Co also reports fall in revenue and operating profit
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Olswang slashes net debt as it continues to mull merger options
February 09, 2016
UK firm cuts net debt by more than 50% as it continues to weigh up possible merger options
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Olswang slashes net debt as it continues to mull merger options
February 09, 2016
UK firm cuts net debt by more than 50% as it continues to weigh up possible merger options
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King & Wood Mallesons reaps City revenue rebound
February 05, 2016
Firm's London office posts rise in turnover after 11% dip last year as top earner pockets over £1m
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King & Wood Mallesons reaps City revenue rebound
February 05, 2016
Firm's London office posts rise in turnover after 11% dip last year as top earner pockets over £1m
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Eversheds average partner pay dips marginally as highest paid member pockets more
February 05, 2016
Firm's operating profit year-on-year is flat while average partner pay dips to £410,000
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Eversheds average partner pay dips marginally as highest paid member pockets more
February 05, 2016
Firm's operating profit year-on-year is flat while average partner pay dips to £410,000
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Herbert Smith Freehills LLPs show revenue dip as currency fluctuations hit top line
February 04, 2016
Weakened euro and Australian dollar cited as key factor behind HSF's marginal revenue dip as LLP accounts show top earner took home £1.8m
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Herbert Smith Freehills LLPs show revenue dip as currency fluctuations hit top line
February 04, 2016
Weakened euro and Australian dollar cited as key factor behind HSF's marginal revenue dip as LLP accounts show top earner took home £1.8m
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Greenberg Traurig Maher accounts show profits dip 6% as partners pay in £2m
February 04, 2016
Greenberg Traurig's London arm experiences 6% profit drop as members pay in £2m in capital.
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Greenberg Traurig Maher accounts show profits dip 6% as partners pay in £2m
February 04, 2016
Greenberg Traurig's London arm experiences 6% profit drop as members pay in £2m in capital.
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Clyde & Co's highest paid partner get 36% pay rise as profit climbs
January 29, 2016
Firm's highest paid partner took home £1.8m as revenue also rises markedly
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Clyde & Co's highest paid partner get 36% pay rise as profit climbs
January 29, 2016
Firm's highest paid partner took home £1.8m as revenue also rises markedly
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Irwin Mitchell bolt-ons take 2014-15 revenue to £210m
January 26, 2016
Irwin Mitchell accounts shows impact of acquisitions as revenue reached £210m
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Irwin Mitchell bolt-ons take 2014-15 revenue to £210m
January 26, 2016
Irwin Mitchell accounts shows impact of acquisitions as revenue reached £210m
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Addleshaw Goddard operating profit climbs 15% as top earner edges towards £1m mark
January 26, 2016
The firm's operating profit increased to £60 million as revenue neared £187m
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Addleshaw Goddard operating profit climbs 15% as top earner edges towards £1m mark
January 26, 2016
The firm's operating profit increased to £60 million as revenue neared £187m
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Wragge Lawrence Graham & Co's top partner's pay falls 24% following merger
January 11, 2016
Partner profit hit in aftermath of Lawrence Graham merger as the firm takes out loans
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Wragge Lawrence Graham & Co's top partner's pay falls 24% following merger
January 11, 2016
Partner profit hit in aftermath of Lawrence Graham merger as the firm takes out loans
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DLA Piper International's revenue falls 3%
January 06, 2016
The firm's non-US operations saw revenue fall by 3% but the partnership eliminated its debt
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DLA Piper International's revenue falls 3%
January 06, 2016
The firm's non-US operations saw revenue fall by 3% but the partnership eliminated its debt
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Macfarlanes top earning partner's pay jumps 33%
December 07, 2015
City firm's most highly paid partner took home just over £2m in 2014-15, one third more than in the previous year
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Macfarlanes top earning partner's pay jumps 33%
December 07, 2015
City firm's most highly paid partner took home just over £2m in 2014-15, one third more than in the previous year
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'The fascination with PEP is putting firms at risk' – lessons from the UK top 50's accounts
June 04, 2015
Which are the metrics that paint a true picture of law firm financial health? This video looks beyond revenue and partner profits
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In depth: full analysis of the LLP accounts of the UK top 50
June 03, 2015
2013-14 signalled a return to more stable times for many leading law firms, but how much of this was down to prudent financial management?
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In depth: full analysis of the LLP accounts of the UK top 50
June 03, 2015
2013-14 signalled a return to more stable times for many leading law firms, but how much of this was down to prudent financial management?