Law firm financial results season gets off to positive start

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By Rhys Duncan on


Upticks across the board

The first round of financial results for the 2023-24 year have been released, with several top City and national law firms putting in positive performances.

Osborne Clarke has seen international revenues climb 19% up to €525 million, with the UK figures showing 11% growth up to £240.5 million. Of this, the outfit recorded an impressive £84.8 million net profit, an increase of 14% since the last results.

Profit per equity partner (PEP) also saw a boost, jumping 11% up to £771,000.

Elsewhere Weightmans has reported its most successful year to date, taking income up 12% to above £140 million, with £18 million net profit, a whopping 41.1% rise on the previous figure. PEP is now sitting at £391,000.

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HFW has also reported strong numbers, hitting a turnover of £251 million. Whilst this marked a solid increase of 11% from last year, net profit saw a bigger boost, rising 16.5% to hit £75.4 million. PEP saw a more modest, although still very impressive, boost of 9% up to £855,000.

Kennedys has also reported a record year of growth, clocking a revenue of £384 million, a 17% increase on last year. This marks the 10th year of consecutive growth for the firm.

Whilst the UK wing saw a very impressive 18% growth in revenue, the US offices topped this with 22%.



I work for a leading global law firm but my salary rise was woeful this year. Somebody’s making the cash but it aint me.

Might have to set up a GoFund me page to get me through the next 12 months.

You heard it here first

DLA increased salary to 125k

Truth Serum

This is senior associate increase. NQ is 110

Legal Flop

15k between senior associate and NQ… yikes

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