News – Page 30
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NewsProfits climb at JMW Solicitors
PEP rises to over £400k at Manchester firm, where income has almost doubled in five years.
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NewsProfits surge at smaller Scottish firms
PEP rises by £10,000 at practices with 2-4 partners, but the bigger firms have it tougher.
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NewsPEP soars 17% at Fladgate
London firm fires starting gun on what is expected to be a bullish annual results season.
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OpinionCo-op Legal reboots
Like its fellow pioneer QualitySolicitors, Co-op Legal is looking to a digital future after moving into the black.
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NewsQuindell suspends share trading for profits correction
Suspension comes days after company announced deal to sell its professional services division to Slater and Gordon for £637m.
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NewsListed legal business ready for further acquisitions
Fairpoint keen on further expansion after buying Leeds-headquartered Simpson Millar last year.
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NewsMid-size firms warned of overtrading dangers
Overtrading occurs when sales grow to a point where there is no longer enough cash left to pay creditors because receivables have grown too fast.
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NewsSummit: law firm income topped £32bn in 2014 – TheCityUK
The legal sector’s strong recovery from the crash continues, but the overall growth rate is down.
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NewsPEP edges up at growing Hogan Lovells
London and continental Europe accounts for 47% of income at firm created from merger of Lovells and Hogan & Hartson.
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NewsSlater and Gordon reveals double UK acquisition
Deals announced with half-year results released to Australian stock exchange.
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NewsPI giant reports huge revenue drop post-Jackson
In 2012/13 Minster Law recorded losses before tax of around £600,000, and these increased in 2013/14 to £2.5m.
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News
Top-25 firm confirms £15m overdraft
Extended credit facility came during a year in which profits before tax at DAC Beachcroft fell by 13.6%.
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NewsFreshfields boosts profits but wary of dangers
The firm’s report to members claims a successful year which reflected greater stability in many key markets.
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NewsJames Caan investment firm doubles profits
Turnover also increased significantly, up from £9.4m in 2012/13 to £12.4m last year.
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NewsAllen & Overy slashes £15m from staff costs
Profit before taxation for the year ending 30 April 2014 was £532m – an increase of 7% year on year.
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NewsBLP bounces back with profits up 25%
Turnaround at international firm as revenue rises 6% in 2013-14.
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NewsTop firms enjoy fee income increase in Q2
Firms ranked between 51 and 100 see the biggest increase in fee income, largely driven by consolidation.
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NewsParalegals and outsourcing key to Linklaters turnaround
The firm recorded pre-tax profits of £395m in the 2013/14 year, with the highest-paid member picking up £2.4m.
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NewsFunding secured for Tesco shareholder class action
Retail giant had told the stock market that its previous profit announcement to investors was overstated by £263m.
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NewsTrowers profits up but partners answer £1.8m cash call
City firm’s staff costs down by more than £1.5m as headcount falls from 527 in 2013 to 506 in 2014.