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  • July 28, 2010 |

    Clydes recruits Middle East IP chief from DLA

    Clyde & Co has boosted its Middle East intellectual property (IP) group with the hire of a partner from DLA Piper. Joycia Young, who specialises in IP and franchising, was head of IP for the Middle East, South Asia and Africa (MESA) region at DLA and was based in the UK top 10 firm's Dubai office. Major deals she worked on at DLA included advising Abu Dhabi media city twofour54 on on filing for trademark registration of its brand in 20 countries throughout the MESA region.

    1 minute read

  • July 23, 2010 |

    Clydes posts 92% retention rate for September qualifying intake

    Clyde & Co has announced that it will keep on 92% of the qualifying trainees from the firm's September 2010 intake. Clydes offered roles to 23 qualifiers out of 26 due to qualify this September, with one of the 26 opting to exclude themselves from the process. These 92% retention rate marks an improvement of 4% on the September 2009 intake, when 22 of 25 qualifiers were offered roles at the firm.

    1 minute read

  • July 21, 2010 |

    RPC hires Wragges partner to lead planning

    Reynolds Porter Chamberlain (RPC) has added to its real estate practice with the hire of Wragge & Co planning and regeneration partner Karen Howard. Howard is set to join the London law firm's real estate group as head of planning and regeneration. She previously headed the planning department at Wragges, and will be joined by Wragges' senior planning associate Eleanor Penn.

    1 minute read

  • July 14, 2010 |

    Bird & Bird leads the pack as fastest-growing UK firm as revenue jumps 150% over five years

    Bird & Bird has emerged as the fastest-growing UK top 50 law firm over the last five years, with turnover leaping by more than 150% since 2004-05. After posting rising revenues for each of the last five financial years, Bird & Bird's 2009-10 revenues of £201.8m mark a 151% growth on the law firm's 2004-05 performance, when turnover stood at just £80.4m.

    1 minute read

  • July 14, 2010 |

    UK law leaders see profits revival as revenues slide across the top 50

    The UK's top law firms have managed a major rebound in profitability this year despite the aftermath of the global recession handing the group its first collective fall in revenues in recent memory. Legal Week's 2009-10 results, the first comprehensive picture of the performance of the UK's top 50 law firms, shows revenues across the group fell by £461m, from £12.33bn in 2009 to £11.87bn.

    1 minute read

  • July 14, 2010 |

    2009-10's standout firms: LG

    LG has staged a turnaround in this year's financial results, posting an increase in both turnover and profits per equity partner (PEP). Turnover at the London law firm saw a respectable increase of 7.7% to £64.9m compared to £60.3m in 2008-09 financial year.

    1 minute read

  • July 14, 2010 |

    2009-10's standout firms: DWF

    DWF has stormed into the top 50 after significant UK expansion saw it achieve a 17% hike in turnover during 2009-10. The firm's revenue hit £71.5m over the last financial year, a 17% increase on its 2008-09 turnover of £61.1m. The firmwas also among the fastest-growing by profits per equity partner (PEP) with a 56.3% increase, from £213,000 to £333,000.

    1 minute read

  • July 14, 2010 |

    2009-10's standout firms: Clyde & Co

    Clyde & Co's expansion stepped up another gear in 2009-10, with the insurance specialist taking on a sizable team from Shadbolt and surging ahead with its international expansion. The result was an increase in revenues of 3.8%to £192m, up from £185m. Profit per equity partner (PEP) increased 10% to £605,000, having remained static at £550,000 for the past two years. The growth in turnover and profits happened alongside a hiring rate of almost two partners a month, with the insurance outfit making 22 lateral hires across the financial year.

    1 minute read

  • July 14, 2010 |

    Insurance firms outpace rest of top 50 once more as revenues climb 8%

    Insurance firms have bucked the trend of the top 50 as a whole once again this year, with revenues growing by an average of 7.8% and profits per equity partner (PEP) climbing 2.7%. The group was the strongest performing among the ranked firms, being the only category aside from the mid-tier firms to experience turnover growth and far outpacing the all-firm average. Of the five insurance firms in the top 50, four saw a climb in rank in 2009-10.

    1 minute read

  • July 14, 2010 |

    More with less - 2009-10 proves to be a year of ups and downs

    Challenging? Interesting, perhaps? Pick your recessionary euphemism. Actually, topsy-turvy seems to more accurately reflect the year of highs, lows and contradictions that 2009-10 proved to be. The UK top 50 hit its first absolute contraction in fee income since Legal Week began tracking its results, with total fees falling 4% from £12.3bn to £11.9bn after last year's exchange rate-assisted growth. Yet the group as a whole, having cut hundreds of millions of pounds from its cost base while trimming equity partner ranks, managed a considerable rebound in partner profits.

    1 minute read