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
NLJ Career Profile: Hugo Plowman, Mishcon de Reya
From global fraud cases to fishing off-grid, Mishcon de Reya’s chair of dispute resolution Hugo Plowman discusses mentors, management switching off
Maguire Family Law—Jennifer Hudec, Ciara Florey, Alice Ferguson & Ruth Wynn
Maguire Family Law announces partner promotion and new hires amid a record year for enquiries
Switalskis—Rebecca Parry & Hannah Gamble
Switalskis wills and probate team extends reach with two appointments
NEWS
Restrictions on workplace non-disclosure agreements could make settlements slower, more complex and more expensive when reforms expected in 2027 take effect
Private prosecutors face closer scrutiny under Crown Prosecution Service guidance designed to strengthen accountability and consistency when intervention is requested
Foreign states cannot necessarily claim immunity for cyber operations launched abroad against computers in Britain, following a divided Supreme Court ruling
Defendants who make unsupported complaints about their lawyers risk losing legal aid while confiscation proceedings continue without representation
Lawyers advising Russian clients face different sanctions restrictions across the UK, EU and US, despite their shared objective of increasing pressure on Russia
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