📈 City Law Quartet Posts Strong Financial Results! 🌟 The 2024 financial results season is in full swing, and it's great to see impressive numbers rolling in from some of the City's notable law firms. Bird & Bird, Macfarlanes, Simmons & Simmons, and Taylor Wessing have all posted strong financial performances, showcasing the resilience and strategic acumen of these renowned firms. Bird & Bird reported a revenue increase of over 10% to €632 million (£545 million) and a net profit rise of 5.4%, highlighting its 32nd consecutive year of growth. CEO Christian Bartsch credits their success to a well-defined five-year strategy that has effectively guided their clients through transformative sectors. Similarly, Macfarlanes saw its profits soar by over 23% to £174 million, driven by high demand in their transactional practices. Simmons & Simmons enjoyed a 10% revenue boost to £574 million and an 8% increase in profits, propelled by innovative commitments and a strong sector strategy. Meanwhile, Taylor Wessing posted record global revenues of £481 million with significant contributions from the UK. UK managing partner Shane Gleghorn emphasized the hard work and focus of their team in achieving such robust results. #LegalSuccess #FinancialResults #LawFirms #CityLaw
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A massive congratulations to our fabulous Private Wealth team who have been heralded as the premier firm for private client advisers in the UK by The Legal 500 and Legal Business Private Client Yearbook 2024. This recognition is a testament to our steadfast commitment to excellence and innovation in client service. Legal Business said “Looking at the numbers from a UK-wide perspective reveals the firms with the strongest national presences, with Mills & Reeve out on its own with most rankings (25), most tier one spots (12) and most ranked individuals (52) …” Legal 500 compiles a comprehensive guide to all of the UK’s leading private client advisers, highlighting the teams who are providing the most cutting edge and innovative advice and have the capacity to handle all client requirements. #PrivateWealth #PrivateClient #FamilyLaw #Legal500 #LegalBusiness #AchieveMoreTogether
The Legal 500 view: The private client pecking order
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A massive congratulations to our fabulous Private Wealth team who have been heralded as the premier firm for private client advisers in the UK by The Legal 500 and Legal Business Private Client Yearbook 2024. This recognition is a testament to our steadfast commitment to excellence and innovation in client service. Legal Business said “Looking at the numbers from a UK-wide perspective reveals the firms with the strongest national presences, with Mills & Reeve out on its own with most rankings (25), most tier one spots (12) and most ranked individuals (52) …” Legal 500 compiles a comprehensive guide to all of the UK’s leading private client advisers, highlighting the teams who are providing the most cutting edge and innovative advice and have the capacity to handle all client requirements. #PrivateWealth #PrivateClient #FamilyLaw #Legal500 #LegalBusiness #AchieveMoreTogether
The Legal 500 view: The private client pecking order
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Simmons & Simmons and Bird & Bird have both posted revenue growth of 10%, as major UK firms continue to report healthy results for the last financial year. LB spoke to Simmons managing partner Jeremy Hoyland and Bird & Bird CEO Christian Bartsch about the figures. Read more at: https://lnkd.in/dN5q-i96 #legalbusiness #law #lawyers #financials
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The firm saw its financial metrics rise in 2023, as demand across a range of practices accelerated during the second half of the firm's fiscal year. Managing Partner, Samuel Danon contributes to this recent article in The American Lawyer. https://ow.ly/aV7c50Ruc3M #legalnews #HuntonAK #TheAmericanLawyer
Revenue Up 3.5%, PEP Grew 10.4% at Hunton Andrews As Demand Revved Up Last Fall | The American Lawyer
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🎤 Editor’s Panel🎤: How Wales has become the focus for legal sector expansion 🏴 Browne Jacobson opened its doors in Cardiff in July 2023, growing from seven lawyers to over 30, with more to follow. As part of our October Editor's Panel, We asked Tim Edds, Partner and Joint Head of the Wales office for Browne Jacobson, what the firm has learnt about the legal and professional communities in Wales, and the economic headliners that continue to attract new investment into our nation. Read the full article here: https://lnkd.in/eV8q5PC8 #Legal #Wales #Growth #LawFirm #News #Insight #Investment #Economy
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Welcome to the nineteenth instalment of our series on 2024 market trends. Today, we’re analysing internal Partner promotion data from Atlas by Codex Edge to highlight comparisons and overall trends. Specifically, we're examining the last six months, with a focus on London. What are the top five specialisms for partner promotions in London, and which firms have made the most promotions? London continues to be a hub for legal excellence, with the five specialisms below leading the charge. Top 5 firms in London for Commercial Litigation Promotions: Clyde & Co Mishcon de Reya LLP Jones Day Judge & Priestley Kingsley Napley Top 5 firms in London for Corporate M&A Promotions: Linklaters Clifford Chance Herbert Smith Freehills White & Case LLP Hogan Lovells Top 5 firms in London for Corporate Finance Promotions: Clifford Chance White & Case LLP Linklaters Eversheds Sutherland Osborne Clarke Top 5 firms in London for Banking & Finance Promotions: Clifford Chance Kirkland & Ellis A&O Shearman Latham & Watkins Paul, Weiss, Rifkind, Wharton & Garrison LLP Top 5 firms in London for International Arbitration Promotions: Addleshaw Goddard Clyde & Co Norton Rose Fulbright White & Case LLP Stephenson Harwood LLP Tagging relevant pages: The Lawyer Chambers and Partners Legal 500 Legal Cheek Thomson Reuters Legal Solutions Legal Business Magazine Legal Futures Young Professionals London Legal Support Trust City of London Law Society (CLLS) Evening Standard LawCareers.Net Next, we will shine the spotlight on a regional powerhouse. For further information on the above or insights into the legal industry, please schedule a free, no-obligation demo: https://hubs.la/Q02D_0Gp0 ATLAS by Codex Edge SAVE TIME - CUT COSTS - GET RESULTS #LegalExcellence #LondonLaw #CommercialLitigation #CorporateMandA #Corporat...
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💷 The highest fees ever seen in the City on a single deal? Kirkland & Ellis and Freshfields are set to receive bumper pay days for their work on the £5.4bn mega-buyout of Hargreaves Lansdown. Kirkland advised the acquisition vehicle backed by private equity firms including CVC and Platinum Ivy, while Freshfields acted for Hargreaves Lansdown. Kirkland is expected to bank the majority of the £13.7 million the buyer set aside for the deal, and Freshfields the bulk of the £10.1 million that Hargreaves Lansdown will spend [Law.com] A partner at a rival firm said the figures are among the highest ever seen in the City on a single deal. The news points to a wider trend of rate hikes among big firms. PwC’s annual law firm survey for 2024 found that the UK’s top 10 law firms are charging clients almost 40% more per hour than they were five years ago. UK firms responding to the aggressive growth of US firms (which typically charge more) in London has been a key driver.
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Schneider Smeltz Spieth Bell LLP is pleased to announce that the firm and three partners have been ranked in Chambers High Net Worth Guide 2024 for Private Wealth Law in Ohio. Our ranked attorneys are Chuck Adler, M Elizabeth Monihan, and Jennifer Savage. “Our entire trusts and estates team is regarded as one of the best anywhere at delivering thoughtful, innovative, and personalized service that truly understands the needs of high-net-worth individuals. Jennifer, Lisa, and Chuck are shining examples of combining the technical knowledge to solve the thorniest tax and legal puzzles with the sensitivity and interpersonal insight to navigate families through the human challenges of generational wealth transfer.” – David Lenz, Managing Partner. Chambers and Partners High Net Worth differentiates the best professional advisers for international private wealth by identifying and ranking law firms, lawyers, and a range of other professional advisers globally. The firms and individuals ranked in Chambers High Net Worth understand the complex needs of HNW individuals and provide specialist advice. More: https://lnkd.in/g9GQeZZy #chambershnwguide2024 #privatewealthlaw #trustsandestates #awards
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Access the essentials of estate planning with our comprehensive PDF Guide. Explore what estate planning is, how it works, key considerations, and find out why Blacksburg Law is your ideal partner in this important journey. Download your guide today and take the first step toward securing your legacy: https://bit.ly/3ZSTSPB #estateplanning #estateplanningattorney #estateplanninglawyer
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First of a new #60seconds mini series spotlighting the legal sector. Great insights here from Hannah Marshall MRICS. ~LawFirmSector #Legal #CBRE
FINANCIAL & PROFESSIONAL SERVICES SECTOR LEAD, EUROPE. Guiding occupiers through disruption, uncertainty, business and employee experience transformation.
Happy Tuesday everyone! Despite the rainy weather in London ☂ 🌧 🌂, the summer vibes are in full swing with holiday preparations underway 🏖 🌞 😎 🏄♀️. Exciting news! Our upcoming #60seconds series will spotlight the Law Firm Sector. With a dedicated team specialising in this area, stay tuned to hear insights from our leaders in the weeks ahead. Hannah Marshall MRICS, our UK Legal Sector Growth Lead, will share what we are seeing in the modern law firm workspace. What are the changes we now see being implemented? How do these differ from the past? Don't miss out! Click below to listen to Hannah's perspectives. Feel free to drop your questions for Hannah in the comments section. #LawFirmSector #Legal #management CBRE UK CBRE Emma Langston
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