Nearly one in two lawyers expect profit per equity partner to grow by up to 10% in the next year, according to a NatWest survey of 400 lawyers attending the annual NatWest Legal Conference series across the UK in October. More than half expected fee income to rise by up to 10% in the next year, and a quarter expected an even bigger rise of between 10% and 20%. Steve Arundale, head of professionals at NatWest, says: “The optimism could be down to the uplift in the economy which has stimulated an increase in transactions.”
20 November 2014
More optimism over profit for lawyers
MOVERS & SHAKERS
Birketts—four appointments
Firm expands partnership with four lateral hires across key practice areas
Harper James—Lottie Hugo
Commercial law firm announces appointment of corporate partner
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Carey Olsen—Patrick Ormond
Partner joins corporate and finance practice in British Virgin Islands
NEWS
Serial sperm donor Robert Albon has lost his bid for a declaration of paternity, ‘on the ground that to grant it would manifestly be contrary to public policy’
The government is considering wholesale reform of consumer class actions—the ‘opt-out’ collective claims certified by the Competition Appeals Tribunal (CAT)
A ‘sophisticated suspected fraud’ may have taken place at PM Law involving the improper removal and misuse of about £39.5m of client funds, the Solicitors Regulation Authority (SRA) has confirmed
The Serious Fraud Office (SFO) will invest in technology to catch tech-reliant fraudsters and handle voluminous case materials
Law firms enjoyed rapid
growth in 2025, according
to a Financial Benchmarking
Survey, published by the Law
Society last week
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