Refreshing Results: Stewarts Law, Mills & Reeves, Bird & Bird
Whilst recent results have not been overwhealmingly bad, there certainly won’t be many firms popping champagne corks like its 2007. Nevertheless, it’s heartening to have some positive news, here is a triumphant trio… Litigation specialist Stewarts Law saw average profit per equity partner rise by 20 per cent to £769,000 in the 2008-09 financial year with the firm’s highest-Âearning partners receiving £963,000. Mills & Reeve has reported a revenue increase of 7 per cent from £62.5m during the 2007-08 financial year up to …
Whilst recent results have not been overwhealmingly bad, there certainly won’t be many firms popping champagne corks like its 2007. Nevertheless, it’s heartening to have some positive news, here is a triumphant trio…
Litigation specialist Stewarts Law saw average profit per equity partner rise by 20 per cent to £769,000 in the 2008-09 financial year with the firm’s highest-Âearning partners receiving £963,000.
Mills & Reeve has reported a revenue increase of 7 per cent from £62.5m during the 2007-08 financial year up to £66.6m for 2008-09. Average PEP went from £295,000 up to £301,000, a 2% rise.
And Bird & Bird has seen a sizeable revenue gain of 29.6% from £143.7m in 2007-08 to £186.3m in 2008-09. PEP suffered slightly with a 6.5% from £515,000 last year to £481,000 for 2008-09. The revenue gains were partly due to a merger with a City boutique and a tie up with a Finnish firm.
More on results:
Falling Financials at Ashurst and Hammonds
Results Roundup: Charles Russell, Hill Dickinson, Mishcon de Reya Show Occluded Front
July 15, 2009
refreshing indeed
July 15, 2009
No surprise to see litigation specialists cleaning up. They should do well for a signifcant amount of time yet as the disastrous mess of the credit boom is gradually unravelled.
July 15, 2009
No doubt they will. I know some nervous corporate lawyers that saw deals pushed through on crazy deadlines in the boom. Nothing like collapsed deals to show up mistakes.