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  • July 30, 2009 |

    National firms fall behind top 50 peers

    National firms have emerged as below-trend performers in the UK for a second year running, with reduced workflow resulting in widespread job cuts and plunging profitability in 2008-09. The top 10 national and regional firms saw turnover contract by 2.3% during the last financial year, compared with an increase of 10.4% in 2007-08, and revenue growth of just under 3% across the top 50 as a whole. Profits per equity partner (PEP) fell by 23.9%, against a marginal increase in PEP the previous year and a 17% drop across the top 50.

    1 minute read

  • July 30, 2009 |

    Twelve months in recession and more to come - top lawyers reflect on an uncertain market

    Top 50 leaders give their perspective on an extraordinary 12 months - and their expectations for the year ahead

    1 minute read

  • July 21, 2009 |

    The firm of the future

    The second quarter of 2008 was the first period for 16 years when the UK economy failed to grow. Since then, the onset of global recession has affected the vast majority of law firms, but the extent of that pain is only now being revealed as firms report their results for the last year.

    1 minute read

  • July 17, 2009 |

    LG sees 35% PEP drop with revenue down 10%

    LG has joined the ranks of firms announcing a drop in profits of more than 30%, with the City outfit seeing profits per equity partner (PEP) plunge by 35% against a 10% fall in revenue. Average PEP for 2008-09 stood at £281,000, down from £430,000 in 2007-08, while the firm posted revenue of £60.3m, down from a figure of £67.1m set during the previous year. The firm highlighted litigation as a strong performer, with revenues increasing by 10%, but said that corporate revenues had fallen significantly.

    1 minute read

  • July 17, 2009 |

    Pinsents partner profits fall by 36% as firm confirms layoffs

    Pinsent Masons has posted a 36% drop in profits, with average profits per equity partner (PEP) falling to £310,000. The drop saw the national firm's PEP fall from £486,000 in 2007-08, with the decline coming against a slight increase in turnover. Revenues grew by 1% to £215m in 2008-09, compared with £213m the previous year.

    1 minute read

  • July 9, 2009 |

    GE appoints CC and Ashurst to Europe adviser roster

    General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles including Clifford Chance, Allen & Overy (A&O), Ashurst and Norton Rose.

    1 minute read

  • July 9, 2009 |

    Addleshaws wins key Barclays role as bank confirms new panel line-up

    Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel.

    1 minute read

  • July 2, 2009 |

    GE appoints CC and Ashurst to Europe adviser roster

    General Electric (GE) has finalised its European non-M&A legal panel, with a clutch of UK firms winning roles, including Clifford Chance and Ashurst. DLA Piper, Weil Gotshal & Manges and Baker & McKenzie are also among the firms appointed to GE's 80-firm roster.

    1 minute read

  • July 2, 2009 |

    Addleshaws wins Barclays role as bank confirms new panel line-up

    Barclays has completed its panel review, with Addleshaw Goddard winning a coveted spot on the bank's main panel. The national firm joins Allen & Overy, Clifford Chance , DLA Piper, Freshfields Bruckhaus Deringer, Linklaters, Lovells and Simmons & Simmons on the bank's general advisory roster, with Barclays also appointing a string of firms to 10 specialist panels.

    1 minute read

  • June 23, 2009 |

    Partnership for Schools unveils expanded 17-firm panel

    Partnership for Schools (PfS), the delivery body for the Government's Building Schools for the Future (BSF) initiative, has unveiled the firms on its new legal panel. Seventeen law firms feature on the roster. They are: Addleshaw Goddard, Beachcroft, Bevan Brittan, Burges Salmon, Dickinson Dees, DLA Piper, Eversheds, Mills & Reeve, Nabarro, Norton Rose, Pinsent Masons, Sharpe Pritchard, TPP Law, Trowers & Hamlins, Walker Morris, Ward Hadaway and Wragge & Co.

    1 minute read