The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Bird & Bird has announced a 29.7 per cent increase in gross revenue for the 2008-09 financial year.
Total turnover at the technology and IP-focused firm grew to £186.3m from £143.7m for the previous year.
The firm said that 9 per cent of the increase in revenue could be put down to the considerable expansion it has seen recently.
Over the past year it has opened in Finland via a merger with Fennica Attorneys and has also set up offices in Czech Republic, Poland, Slovakia, Hungary and Shanghai.
The firm also merged with London firm Lane & Partners and entered into a global association with the former Alban Tay Mahtani & de Silva in Singapore.
Organic growth in existing locations accounted for 12 per cent, the firm said.
Bird & Bird also revealed that its sterling figures were enhanced by the strength of the euro against the pound. This boosted revenue by around 9 per cent and also improved profitability.
In a statement Bird & Bird’s CEO David Kerr (pictured) said: “In challenging market conditions, the firm has performed comparatively well. Our focus on both transactional and contentious work has proven favourable in the current economic climate.”
Average profit per equity partner (PEP) at Bird & Bird stood at £481,000 last year, a drop of 6.5 per cent compared to the previous year’s figure of £515,000.