The financial gap between City and regional law firms is widening, with big players seeing their partner profit pools surge more than 12% in financial years ending in early 2025 while regional firms saw declines of more than 10%, according to a new report published Thursday.
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SUNDAY, NOVEMBER 9, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

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City Firms Lead Profit Growth As Regional Firms See Decline

By Marialuisa Taddia

The financial gap between City and regional law firms is widening, with big players seeing their partner profit pools surge more than 12% in financial years ending in early 2025 while regional firms saw declines of more than 10%, according to a new report published Thursday.

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Akin's London Chief Leaves For GC Spot At Dubai Tech Biz

By Ashish Sareen

Digital technology provider Veon Ltd. said Thursday that it has hired Sebastian Rice as general counsel, where he will take on a new role after spending the past 24 years at Akin Gump Strauss Hauer & Feld LLP.

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Broadfield Can't Dodge £10M Property Sale Negligence Claim

By Sophia Dourou

Broadfield Law cannot dodge a £10 million ($13 million) negligence claim over a botched property transaction, after a judge held Thursday that the sellers had a realistic chance of proving that it was liable for the actions of its predecessor.

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ENFORCEMENT

Solicitor Avoids Suspension Over Fraudulent Property Deals

By Sophia Dourou

A solicitor who failed to prevent a number of fraudulent or potentially fraudulent property deals can continue to practice after the profession's tribunal declined to impose an immediate suspension on Thursday.

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LAW FIRMS

Historic England Picks 3 Law Firms For Legal Panel

By Ashish Sareen

Bevan Brittan LLP, Trowers & Hamlins LLP and Womble Bond Dickinson have all secured places on the legal panel of Historic England, a public body responsible for protecting and promoting the country's heritage.

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LAW FIRMS IN TODAY'S NEWS

Akin Gump

Bevan Brittan

Blake Morgan LLP

Burges Salmon

Hailsham Chambers

Kennedys Law LLP

Pitmans LLP

Trowers & Hamlins

Womble Bond

COMPANIES IN TODAY'S NEWS

Akin's

Solicitors Disciplinary Tribunal

Solicitors Regulation Authority Ltd.

VEON Ltd.

GOVERNMENT AGENCIES IN TODAY'S NEWS

UK High Court