The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Addleshaw Goddard is predicting an average profit per equity partner (PEP) of £400,000 after the firm posted a 13 per cent increase in turnover in the first half of the year.
During the last full financial year, Addleshaws’ PEP after exceptional merger costs was £302,000 (the PEP before exceptional costs stood at £321,000).
As first revealed on www.thelawyer.com (24 November), the firm’s turnover for the first six months of the 2004-05 financial year jumped from £59m to £66.7m. If the current increase in turnover is sustained, Addleshaws predicts turnover to increase to £140m by the end of the financial year. Last year the firm turned over £125.2m.
All of Addleshaws’ practice areas experienced a rise except for the commercial group’s fee income, which remained static at £9.5m. The star performers were corporate and finance/projects. The former group’s turnover rose from £10.8m to £12.9m, while the latter’s jumped from £9.8m to £12.1m.
Addleshaws managing partner Mark Jones said he would be “very disappointed” if the firm’s PEP failed to reach £400,000.
The number of equity partners at the firm has dropped from last year’s 108 to 101 in the current financial year.