Ayesha Ellis

Having achieved a steady rise in revenue over the past five years, can Eversheds Sutherland maintain its place in the top ten of the LB100? ‘I can’t think of a soundbite for the firm,’ dismisses one finance head at a peer firm when canvassed for his view on Eversheds Sutherland’s place in the market. Notwithstanding this perceived absence of a pithy strapline, Eversheds has nevertheless pulled off another consecutive year of financial growth against the odds of the past few years’ unstable economic and political conditions, reporting an above average 9% uptick in revenue to £1.19bn for 2022/23, and climbing

This year, 24 London-headquartered and boutique firms can be found in the second half of the LB100, experiencing an average revenue of £57.3m from last year’s £53.4m. This 7% increase almost matches the average revenue growth experienced by the firms across the entire LB100. Taking a closer look at the breakdowns of the group’s performance tells us that in FY22/23, the average number of lawyers among the City and boutique firms is up by 16% from last year to 207 from 179. However, profit per lawyer for the group is up 4% to reach 2021 levels at £85,000. Traditionally the

Financial results 2022-23 News, Analysis and Updates

Eversheds Sutherland has announced several new appointments to its senior leadership team across its practice groups and business services teams. Succeeding Paul Worth, who is retiring at the end of December following 21 years at the firm, Mark Davenport will take on the role of litigation and dispute management practice group head. Davenport led the commercial dispute resolution team for the last three years. Taking on Davenport’s role as head of CDR is Lisa Barge, the former head of real estate litigation, whose boots will in turn be filled by Will Densham. Meanwhile, from 1 November, James Trafford will take

In what is perhaps an early bellwether of 2023 financial performance, or a hangover from the second half of 2022, Baker McKenzie has released its financial results following its year end on 30 June, reporting a revenue of $3.3bn, the same as 2021/22, when turnover increased by 6%.

Last week was a busy one for lateral hires, with a mix of City, regional and international firms announcing their newly acquired partners.

Addleshaw Goddard has announced that Andrew Johnston has been successful in securing the position of the firm’s managing partner through an uncontested election, serving a four-year term to start on 1 May 2024. Having joined the firm in 2013 to oversee the firm's M&A practice in the Middle East, Johnston (pictured) previously worked at Clifford Chance. He became a board member in 2014 and assumed the role of head of Middle East and Asia in 2019, during which time he has led the firm’s business in the Middle East to record financial performances. The financial year concluding in April 2023

In the City, Kiran Arora has left BCLP to join Eversheds Sutherland as a new partner in its corporate and energy practice.

With law firm mergers and collapses, new office launches, a proliferation of strategic hiring and big-name changes in management, 2023 was a rocking year. Here are the headline stories of the last 12 months 2022 December Adrian Cartwright was elected senior partner at Clifford Chance, defeating Dubai partner Edmund Boyo and incumbent senior partner Jeroen Ouwehand. Pinsent Masons elected Laura Cameron as its new managing partner. Cameron is the first woman to lead the firm and took the reins after John Cleland finished his second four-year term. Sullivan & Cromwell won a role advising on the Chapter 11 bankruptcy

The lateral hiring market in November was once again dominated by comings and goings between Paul Weiss and Kirkland & Ellis, as well as big moves between Global 100 rivals in Europe. Just when the market thought Paul Weiss had eased up on its hiring spree in the run-up to Christmas, the firm announced it had hired John Patten, a partner in the London technology and intellectual property (IP) transactions practice of Kirkland. The move sees the Wall Street giant continue to pursue with gusto the build-out of the English law practice that has gathered momentum in short order, much