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January 27, 2022 |
Clyde & Co's Top Pay Surpasses £2M For First Time As Pinsents Doubles Cash Reserves
Clyde & Co and Pinsent Masons' LLPs both show profit increases for the 2020-21 financial year.
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January 25, 2022 |
Which Firms Have the Biggest Pay Gap Between Top and Bottom Earners?
The pay war may have closed the gap between junior and senior pay - but in some cases, the top UK earners still earn 47 times as much as newly qualified lawyers.
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January 11, 2022 |
Gateley Acquires IP Firm For £2.5M
The listed U.K. firm continues a run of acquisitions that has seen it enter new markets, including reputation management and quantity surveying.
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December 23, 2021 |
Allen & Overy's Prudent Pandemic Planning Leaves It With Mountain of Cash
The firm introduced a raft of cost-cutting measures last year to deal with COVID-19 disruption.
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December 09, 2021 |
Three Firms Unveil Strong Operating Profit Growth in Latest Financial Statements
Macfarlanes, Norton Rose Fulbright and Ince have all unveiled double-digit growth in their latest accounts filed in the UK.
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November 17, 2021 |
Eversheds Sutherland Doubled Cash Balance During COVID, Accounts Show
The firm's non-US arm shored up its cash position through aggressive cash collection, fewer expenses and the sale of its secretarial arm.
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August 16, 2021 |
White & Case UK Accounts: Profits Soar, Emissions Plummet and an Office Sold for £6
The firm's London office energy usage dropped sharply during the lockdown and the UK LLP sold its Johannesburg branch.
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August 11, 2021 |
'Not Enough Time To Adapt': UK Firms Fear LLP Tax Changes
Under proposed UK taxation rules, LLPs will no longer be able to defer their tax payments, creating problems for those with tight cash flows.
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June 14, 2021 |
The UK Top 50 Ranked By Average Lawyer Salaries
Mid-tier firms have outpaced most larger firms in increasing their staff costs per lawyer, auditor analysis has found.
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June 10, 2021 |
Which UK Law Firms Have the Least Cash and the Most Debt?
Analysis of the U.K. Top 50's LLP accounts shows that several law firms had less than half as much cash on their balance sheets than debt in early 2020.
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June 09, 2021 |
UK Top 50 Auditor Analysis: 'It's Difficult to Turn Off The Costs Tap'
In a video interview with Law.com International, an accountant discusses the strengths and weaknesses of the U.K.'s top law firms based on an analysis of their LLP accounts.
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May 19, 2021 |
How Big is the UK Legal Industry's Carbon Footprint?
Nearly 2.5 million tree seedlings would need to be grown for a decade to offset the annual emissions of the Top 50 UK law firms.
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April 06, 2021 |
Ashurst Profits and Top Pay Dropped During "Year of Consolidation", LLPs Show
The accounts show operating profit for the previous financial year slumped.
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March 15, 2021 |
Dentons UK and Middle East Profits Fell by 16%, LLP Accounts Show
The firm also took advantage of the U.K. government's VAT deferral scheme in the year to April 2020.
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February 03, 2021 |
CMS Top Pay Reaches Record Post-Merger High, LLP Accounts Show
CMS management pay also increased by over 10% for the last financial year, in which the firm posted a modest uptick in revenues.
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January 08, 2021 |
Clifford Chance Builds Up £100M On Balance Sheet, LLP Accounts Show
The firm also saw its staff costs rise in a year in which revenue and profits remained fairly flat.
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December 15, 2020 |
Macfarlanes Profits Jump 22% As Firm Improves Cash Position
Salary costs at the firm rose 10% across the year while pay for the top earning partner dipped.
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December 03, 2020 |
Pinsents Top Earner Pay Hits All-Time High, LLPs Reveal
It comes as the firm's management pay fell by over 10% for the financial year.
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November 24, 2020 |
Clifford Chance Latest to Change German Structure Ahead of Brexit
The firm is the latest to make the move, joining Freshfields Bruckhaus Deringer and Eversheds Sutherland.
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August 26, 2020 |
White & Case UK and Africa Business Increases Turnover, Profits For Distribution Fall
Revenues for the firm's Africa practice dropped for another consecutive year.
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May 04, 2020 |
At Risk: The Firms With The Least Cash and The Most Debt
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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February 12, 2020 |
Travers Smith Debtor Levels Grow Again As Profits Rise
Client debtor figures stood at £40.7 million for the firm's 2019 financial year.
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February 05, 2020 |
Pinsents' Profits Drop For First Time Since 2011
The firm's LLP accounts reveal pay decreases for both the top-paid partner and the management team.
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February 04, 2020 |
Ashurst Top of Equity Hits All-Time High as Management Pay Soars By 40%
Operating profits rose by almost 20% in the last financial year.
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January 31, 2020 |
Turnover and Profit Drops at Norton Rose Fulbright, LLP Accounts Show
The firm's latest financial results come after several office closures across the globe, including Bahrain most recently.
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January 31, 2020 |
Freshfields Management Pay Drops 20% As Firm's Asian Growth Soars
The firm's European revenue grew by just 1.5% last year, the slowest growth globally for the firm.
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January 23, 2020 |
DAC Beachcroft and Hill Dickinson Accounts Reveal Pay Boosts
Pay for the top-earning partner at DAC Beachcroft rose by 3% last year.
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January 22, 2020 |
HSF Joins Firms Making Brexit LLP Changes in Germany
The firm is the third to change the LLP status of its German operations ahead of Brexit.
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January 13, 2020 |
Eversheds Plots Post-Brexit LLP Changes in Germany
The firm will switch to a local LLP if a no-deal Brexit occurs.
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December 23, 2019 |
Allen & Overy Profits Rebound, Accounts Reveal
By jurisdiction, the firm's Middle East and Africa arm saw the highest percentage revenue growth.
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December 11, 2019 |
Fieldfisher Maintains Double-Digit Revenue Growth in Half-Year Financials
The firm has attributed its growth to its European expansion strategy, particularly in Germany.
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November 25, 2019 |
Simmons Creates New LLP to Mitigate German Privilege Concerns
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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November 04, 2019 |
Linklaters Management Pay Leaps 17% As US Arm Outpaces UK
The firm's LLP accounts have also revealed that profits to share between partners grew by almost 20%.
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October 14, 2019 |
K&L Gates Boosts LLP Profits and Revenue As Partner Numbers Fall
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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October 10, 2019 |
Reed Smith International Turnover Grows Just 1% Amid Profits Drop
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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October 02, 2019 |
Hogan Lovells International LLP Sees Profits and Revenues Rise
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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October 01, 2019 |
Dechert Smashes £100M UK Revenue Mark But Profits Drop
The firm attributed the fall in operating profits to "significant investments in our people and property".
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September 19, 2019 |
King & Spalding UK Profits and Turnover Soar in 2018
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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September 05, 2019 |
McDermott London LLP Accounts Show Slower Growth
The accounts show revenues rose 12% in 2018, which differs from the firm's stated 40% increase.
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August 19, 2019 |
White & Case LLP Profits and Turnover Fall
The firm's operating profit has fallen by nearly 10% following 36% growth the previous year.
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June 20, 2019 |
Top 50 Firms Have £5.6BN Of Unpaid Client Invoices
Research shows that the legal sector is operating on a thinly-capitalised model that leaves it vulnerable to market shocks.
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June 19, 2019 |
UK Top 50 Halts Slide in Profit Margin
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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April 04, 2019 |
Bakers UK Arm Achieves Double-Digit Turnover, Profit Growth As Board Pay Surges
The firm has grown its London financial footprint alongside its global expansion.
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March 01, 2019 |
McDermott's London Revenues Rocket Almost 40 Percent
As London's revenues rise sharply new boss Hamid Yunis says he wants to continue to strengthen non-US offices.
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March 01, 2019 |
Morgan Lewis U.K. Profits Soar Over 70% Amid London Partnership Changes
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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February 21, 2019 |
Norton Rose top management changes cut combined pay by nearly 45%
Salary news emerges as City disputes partner Poupak Anjomshoaa exits for Baker Botts after just a year
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February 18, 2019 |
Irwin Mitchell doubles size of board, mostly with non-legal execs
The board shake-up has created five new executive roles, four of which are non-legal
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February 11, 2019 |
RPC and Taylor Wessing join the double-digit growth club
The firms are the latest to report strong growth in 2017-18
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February 08, 2019 |
Travers top partner pay jumps by a third to hit £2m
The firm's top paid partner took home £1.5m last year
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February 07, 2019 |
Profits surge as Freshfields reins in staff costs
Magic circle firm's profit rises 15% amid industry's struggle to rein in costs
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February 06, 2019 |
Ashurst top earner takes home £1.4m as profits leap 16%
40% jump sees biggest partner pay-out in recent years
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February 04, 2019 |
LLP filings show rapid growth of alternative legal centres at HSF
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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February 01, 2019 |
DLA Piper revenue grows 5% as firm cites knock-on effects of cyberattack
Payment for the global firm's top team grew by 22%
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January 29, 2019 |
Final BLP accounts show operating profit fell 21% in last year before US merger
BCLP posts first combined results since transatlantic tie-up as Addleshaws LLPs reveal value of HBJ merger
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January 24, 2019 |
Total cost of Olswang and Nabarro acquisitions unveiled in CMS accounts
Post-merger LLP filings reveal higher new top of equity, sizeable acquisition costs and a large bank facility
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December 24, 2018 |
CC accounts reveal near 40% spike in pay for top management team
LLP filing shows rising remuneration for leadership as top pay figure remains flat at £3m
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October 09, 2018 |
Weil boosts London profits by 40% as LLPs show £1.2m pay for top earner
Turnover for the UK arm grows 18% to reach £126.1m
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October 05, 2018 |
Dechert accounts show UK profits rising 43% as top earner takes £3.8m
US firm nears £100m UK turnover mark after 24% hike during 2017
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June 22, 2018 |
Profit margins fall across UK top 50 as staff costs soar
More than half of the UK top 50 have seen their operating profit margin fall since 2013-14
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June 14, 2018 |
'Firms don't have enough net cash to pay their next payroll' – what are the warning signs for the UK top 50?
LLP accounts reveal operating profit margins slipping, staff costs rising and a limited cash safety net at many firms
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June 13, 2018 |
Which law firms spend the most on their staff?
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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February 13, 2018 |
Herbert Smith Freehills accounts reveal £33m tech investment as Ashurst management pay dips
HSF and Ashurst LLP accounts reveal firms spending
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February 06, 2018 |
Pay for top Pinsents Masons earner breaks £1m mark with 34% hike
Limited liability partnership accounts reveal firm's key management team shared £5.9m in 2016-17
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January 31, 2018 |
Addleshaw Goddard highest partner pay falls 30%, accounts reveal
The firm's LLP accounts have revealed turnover fell from £195m to £188m
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January 31, 2018 |
Final Olswang accounts pre-merger reveal profit plummeted by 77%
Olswang, Nabarro and CMS' final set of liability partnership (LLP) accounts reveal finances prior to merger
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January 29, 2018 |
Freshfields accounts show pay increase for management team as staff costs rose 10%
Management team receives £1m pay boost while staff costs increase despite drop in headcount
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January 29, 2018 |
DLA Piper posts 14% increase in revenue for international LLP
Currency fluctuations helped drive a £109.3m increase in revenue in 2017
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January 10, 2018 |
Mishcon accounts show pay for top earner jumping nearly 25% to break £2m mark
2016-17 LLP filing highlights spike in pay for top earner as remuneration for key management team also rises 23%
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January 09, 2018 |
Greenberg Traurig London headcount grows by 20% as revenue and profit increase
Partner capital contributions increased by 405% over the course of the financial year
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January 09, 2018 |
Eversheds accounts highlight management pay shift in first LLP filing since Sutherland merger
Pay for key management team falls 20% as group shrinks by one member
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January 02, 2018 |
Pay for Fieldfisher's top earner shoots up 70% to break £2m mark
Pay hike comes after the firm made double digit gains in profit for 2016-17
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December 15, 2017 |
Simmons accounts reveal 10% pay hike for management team as top earner takes £1.4m
Management team takes home £8.7m as pay for top earner rises 17%
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November 30, 2017 |
Linklaters LLP accounts detail £20.8m profit share for top management team
Accounts shed light on remuneration for firm's twelve-member executive committee
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October 12, 2017 |
UK Top 50 2016-17: the firms battling to make their mark at the edge of the rankings
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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October 02, 2017 |
Hogan Lovells resets financial reporting in push for closer alignment with US arm
Firm posts financial performance for last eight months of 2016 ahead of reporting shift
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May 30, 2017 |
Why firms need to look beyond revenue growth and fix underlying productivity and profitability problems
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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May 25, 2017 |
Under the bonnet: an in-depth look at the financial health of the UK top 50
The LLP accounts for the UK's top law firms offer real insight into the challenges they face
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May 22, 2017 |
The warning signs firms should be looking out for: lessons from the UK top 50 LLP accounts
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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April 10, 2017 |
Baker McKenzie posts 20% London revenue hike to hit £176m
Firm's London revenues rise 20% while profit grows by 48%
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February 07, 2017 |
Taylor Wessing partners contributed an additional £2m in capital in 2015-16, LLPs show
LLPs show firm's highest paid partner received £1.17m in 2015-16
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February 07, 2017 |
Ashurst accounts shed light on profits dip and cost of firm-wide investments
LLPs show 22% net profit dip after investment in new premises and IT projects
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January 31, 2017 |
Stephenson Harwood's top earner gains double-digit pay boost as Pinsents' makes 5% less
Highest paid partner receives £1.49m as Pinsents' top earner pay drops to just over £800,000
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January 26, 2017 |
RPC's consulting arm posts £2.6m loss as pay for firm's top earner drops 16%
Loss comes after acquisition of software company Mariott Sinclair
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January 25, 2017 |
Dentons' highest paid partner in UK takes home £1.3m as turnover climbs 7%
Top pay climbed 62% in 2015-16
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January 16, 2017 |
Olswang's management pay drops by nearly 40% as CMS UK partners see profits for distribution fall 18%
Olswang and CMS file LLP accounts ahead of three-way merger with Nabarro
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December 16, 2016 |
Macfarlanes accounts show pay increase for management team as top earner takes £1.76m
Remuneration for management team rises 13% to £4.3m
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December 07, 2016 |
Linklaters LLP accounts show top team shared nearly £20m in profit last year
Accounts reveal details of remuneration for magic circle firm's leadership team
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August 14, 2016 |
'There are warning signs out there': what the accounts of the UK's top law firms tell us
Are the UK's top law firms improving the way they are financially managed?
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August 11, 2016 |
Nowhere to hide: UK top 50 LLP accounts analysed
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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August 11, 2016 |
Financing the law firm of tomorrow: why external funding is here to stay
Ambitious law firms should be looking beyond their partnership for new sources of capital
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March 08, 2016 |
International firms in London - accounts uncovered
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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March 08, 2016 |
International firms in London - accounts uncovered
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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February 28, 2016 |
Pay divide sees eight of top 20 UK firms award highest earners more than double average partner pay
Top earners at Clydes, Allen & Overy, Freshfields and Eversheds among those landing more than double average PEP
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February 28, 2016 |
Pay divide sees eight of top 20 UK firms award highest earners more than double average partner pay
Top earners at Clydes, Allen & Overy, Freshfields and Eversheds among those landing more than double average PEP
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February 10, 2016 |
Kennedys full equity partnership shrinks 14% as profit and turnover dip
Fellow insurance firm Ince & Co also reports fall in revenue and operating profit
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February 09, 2016 |
Olswang slashes net debt as it continues to mull merger options
UK firm cuts net debt by more than 50% as it continues to weigh up possible merger options
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February 09, 2016 |
Olswang slashes net debt as it continues to mull merger options
UK firm cuts net debt by more than 50% as it continues to weigh up possible merger options
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February 05, 2016 |
King & Wood Mallesons reaps City revenue rebound
Firm's London office posts rise in turnover after 11% dip last year as top earner pockets over £1m
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February 05, 2016 |
King & Wood Mallesons reaps City revenue rebound
Firm's London office posts rise in turnover after 11% dip last year as top earner pockets over £1m
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February 05, 2016 |
Eversheds average partner pay dips marginally as highest paid member pockets more
Firm's operating profit year-on-year is flat while average partner pay dips to £410,000
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