As financial results season continues apace, Linklaters today (9 August) joined Magic Circle peers in showing its hand, posting a 6.5% uptick in revenue to £1.783bn.
Pre-tax profit also saw a comparable increase of 7% to £871.7m. That translated to a 5.4% rise in profit per equity partner (PEP), which reached £1.87m, and a 4.5% rise in profit per all partners, which now stands at £1.78m. Continue reading “‘Bold and decisive’: Linklaters sees 6.5% revenue rise as £1.87m PEP lags Magic Circle”
US powerhouses and City stalwarts alike have been up against it in the last week, departing from the traditional August lull to push through substantive deals in the health and facilities management sectors.
Clayton, Dubilier & Rice (CD&R), the private equity house that bought supermarket giant Morrisons last year, has announced it plans to acquire Atalian Servest and OCS Group. Continue reading “Dealwatch: US firms line up major private equity buyouts as Magic Circle firms operate on Mediclinic acquisition”
As prime minister Jacinda Ardern declared New Zealand’s borders fully open last Sunday (31 July) for the first time since March 2020, commentators have reckoned on a whole new talent pool.
Overseas experience (OE) had long been a rite of passage for many qualified New Zealand lawyers, with nearest neighbour Australia being the obvious choice for such experience. Indeed, Allens was among the firms known to actively recruit talent from the New Zealand market. Continue reading “London calling? Recruiters eye New Zealand talent market as borders reopen”
As a growing number of international firms pivot their focus in Asia to Singapore, King & Spalding’s appointment of banking heavyweight Andrew Brereton as the office’s new managing partner could be viewed as a declaration of redoubled commitment to the city state.
The Atlanta-headquartered firm first brought the Clifford Chance veteran on board at the start of 2019 as part of an effort to build out its finance and restructuring capabilities in the wider region. Continue reading “Onward, Singapore: King & Spalding names new managing partner as Sidley backs laterals in the city state”
Addleshaw Goddard has credited its increased European footprint for the promising financial results released today (3 August), which saw revenue rise by 18% to £377m, and an increase in profit by 16% to £155m.
Regional revenue performance is also testament to the firm’s improvement in Europe. Though UK turnover was up a solid 15%, it paled in comparison with that generated overseas, which jumped a striking 30%. Continue reading “‘A growing, globally active business’: Addleshaw’s European push spurs 18% revenue growth”
Keystone Law has bucked the trend of a summer slowdown of the lateral market, adding three ‘principals’ across its litigation and real estate teams.
The AIM-listed firm recruited litigators Tracy Sell-Peters and Gregor Kleinknecht from DWF and Hunters Law respectively, while transactional real estate partner Samantha Leigh joined from Freeths. This continues the firm’s acquisitive streak, which has seen it hire 41 principals in the financial year 2021/22, adding to its 51 partner-equivalent hires the previous year. Continue reading “Revolving Doors: Keystone adds three while Arnold & Porter launches in Amsterdam”
