Marialuisa Taddia

Private equity-backed Fletchers reported Wednesday that its underlying earnings more than doubled to £18 million ($24 million) in its latest financial year, as the law firm pursues further growth and acquisitions.

Law firms are stepping up their recruitment of real estate partners in London as they seek to build private capital capabilities, even as recruiters say the underlying property market remains uneven and demand for construction laterals has shown little sign of similar growth.

Private Capital Spurs London Real Estate Partner Hiring

Two years after selling its fiduciary arm, Harneys' global chief says the firm remains confident it made the right move — even as rival offshore firms seek private equity backing while retaining their corporate services businesses.

Sullivan & Cromwell LLP said Thursday that it has hired the co-head of Weil Gotshal's London office as well as another mergers and acquisitions partner, amid a series of senior departures from Weil on both sides of the Atlantic.

Broadfield Sees Chance For Growth Without Equity Sale

Private equity investors might have found a promising opening in offshore law firms, whose governance, fiduciary and consulting businesses can generate the kind of recurring revenue that buyout companies seek.

AGRD Partners Buys Ascente Law In Second Swedish Deal

PE Looks Offshore For A New Way Into Legal Services

Limited liability partnerships are still the structure of choice for law firms trying to keep pace with a London lateral market that shows little sign of slowing, even after a recent ruling by the U.K. Supreme Court raised fresh questions about tax and governance for those using the model.