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Profits climb at listed law firm as ‘war for talent’ subsides
Keystone Law ‘very gratified’ to see recruitment return to pre-pandemic levels.
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Wage bill rise pares profits at Travers Smith
City firm’s trading surplus fell from £75m in 2022 to £65m as staff salaries surged.
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Profits soar at Co-op Legal
Wills, estate planning and probate services business announces operating profits up 163% to £21m on revenue up 48% to £68m.
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Interest buoys law firm profits as productivity dips again
Law Society’s annual financial benchmarking survey also reveals that firms are broadly optimistic about their 2024 trading prospects.
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Burford hails 'record year' as income surges
CEO describes 2023 as ‘extraordinary’, after listed litigation funder reports a near-2,000% rise in net income.
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Top-50 defendant firm prospering under private equity ownership
North-west firm Keoghs, part of the Davies insurance group, continues to grow income and profits.
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Top earner paid £6.3m as soaring salaries hit profits at Fieldfisher
Over £13m has been paid to the European firm’s highest earner in the past two years.
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Profits dip as staff costs soar at DLA Piper
Increasing number of UK LLP members share a marginally smaller pot at £680m firm.
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Profits flat in ‘subdued’ PI market but firm stays upbeat
NAHL says transition to a dual law firm and claims manager is now complete.
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Big firms under costs pressure as salaries rise faster than revenue
Analysis of newly published accounts at CMS and Trowers & Hamlins reflects wider sector trends.
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Gateley profits up - but firm ‘cautious’ in tough legal market
Trading conditions for the past six months have been ‘generally difficult’, listed national firm reveals.
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Knights heralds 29% profit growth
Listed consolidator to focus on organic growth - though still ‘very much in the market’ for acquisitions.
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Macfarlanes’ highest earner paid £3.6m in ‘challenging’ year
One of London’s most profitable firms ended 2022-23 with £88m in the bank.
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University of Law reveals £400,000 loss
Review of unpaid aged debts leads to income adjustment for year to 31 May 2023.
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Law firm lender reports £84m annual loss
Novitas ceased lending in 2021 but continues to deal with loans arranged through solicitor firms.
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Law firm owner's shares in freefall after grim profit warning
Rosenblatt owner reveals it has incurred £1.9m costs fighting employment claims.
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Legal sector revenues still climbing, City reports - but growth rate halves
TheCityUK’s annual bellwether finds that legal services contributed £34bn to the economy in 2022.
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Profits nosedive and fee earner numbers slashed at BCLP
Firm took a £22m hit from ceasing operations in Russia in 2022, according to annual report.
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Credit hire boom powers firm’s 62% profit surge
Winn Group offers one-stop shop for claims process - including personal injury.
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Mishcon secures £75m credit line for ‘investment opportunities’
In June last year the London firm abandoned a stockmarket listing ‘for the foreseeable future’.