Clifford Chance partners pocket £2.3m as private markets drive growth Law Magic circle firm Clifford Chance’s revenue surpassed £2.6bn for the first time, largely driven by the surge in private market work. The firm’s revenue was up 9 per cent from £2.4bn last year, as the Canary Wharf-headquartered firm said that while all service lines performed well, the hike was driven largely by “momentum in the private markets” [...]
Graduate start-ups require a new kind of office Partner The City’s future as an economic powerhouse is being driven by a new kind of graduate. In years gone by, the Square Mile’s leading financial services, tech and consulting firms have hoovered up university leavers from the moment they don their graduation gowns, funnelling them from campus to office. The next chapter in the City [...]
KPMG: Over half of insurance CEOs anticipate major M&A disruption Partner Partner content, in association with KPMG Insurance A new major report by Big Four giant KPMG has revealed that over 50 per cent of CEOs in the insurance sector expect high-impact M&A deals to affect their businesses, a figure higher than in any other sector in the survey. Huw Evans, Partner and head of insurance [...]
BDO becomes £1bn giant as partner profit recovers November 25, 2024 Revenue at BDO, the accountancy and business advisory giant, has surpassed £1bn for the first time in its 100-year history, it has been confirmed. The London-headquartered firm, which has offices across the country, said its “continuedprogramme of investment” helped revenue rise by 8.6 per cent to £1.02bn in the year to 5 July, 2024. The [...]
Spike in PwC partners taking early retirement amid Big Four slowdown November 21, 2024 A larger-than-usual number of partners at PwC are choosing to step down at the end of this year, as the Big Four accountant looks to boost its performance amid slowing growth. The financial services giant’s 1,030 partners learned earlier this week that several dozen of their colleagues would be taking early retirement, after new UK [...]
Fast-growing law firm TLT’s new head of London says the City is supporting its success April 27, 2024 UK law firm TLT has had rapid financial growth over the last several years, with London as a key to that success. Its new head of its City office sat down with City A.M.