The UK’s top 10 law firms are now valued at more than £17bn according to legal recruiters Douglas Scott. Director, Jonathan Nolan says this value can be reached by looking at last week’s placing of law firm Gateley on AIM, which gave it a market cap of £100m, or five times reported profits. He calculates DLA Piper at £2.02bn, Clifford Chance at £2.295bn, Linklaters at £2.605bn, Allen and Overy at £2.66bn, Freshfields at 2.74bn, Hogan Lovells at £1bn, Herbert Smith at £1.16bn, CMS Cameron McKenna at £1.05bn, Ashurst at £1.045bn and Norton Rose Fulbright at £0.555bn.
19 June 2015
Law firms in the money
MOVERS & SHAKERS
Bell Yard Kysen—Liz Giles
Bell Yard Kysen appoints senior legal PR and ex-government communications adviser, Liz Giles
Clarke Willmott—Lee Edwards
Clarke Willmott boosts Southampton commercial property team with addition of partner Lee Edwards
Lime Solicitors—four promotions
Lime Solicitors announces four promotions
NEWS
The Attorney General, Ellie Reeves KC MP, and Solicitor General, Andy Slaughter KC MP, marked the 25th anniversary of Pro Bono Week by joining lawyers, charities, students and parliamentarians at events celebrating voluntary legal work
Possession claims are entering a new digital era, with procedural traps awaiting practitioners who assume familiar rules still govern every step
Witness evidence can be compromised by AI before a solicitor sees the draft, leaving safeguards focused on authorship incomplete
Should a conviction stand when a later ruling reveals that the law underpinning it was wrong? The answer exposes a clash between finality and justice
The Environment Agency can prosecute offences beyond environmental legislation where proceedings support its statutory functions, the Divisional Court has confirmed
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