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.
Texas-headquartered Akin Gump has posted a 4.5 per cent increase in gross revenue along with a 4.3 per cent rise in average profit per equity partner (PEP) for the 2011 financial year.
Total revenue was $770m (£490.5m) last year, up from $736m in 2010, while average profit per equity partner (PEP) rose 5 per cent, from $1.6m to $1.7m.
2011 saw the firm work on a handful of big-ticket deals, including the $4.5bn sale of 6,000 Nortel Network Corp patents and patent applications, and a $380m settlement between the Osage Tribe and US Government.
The firm also hired CMS Russia’s head of real estate Vlad Sourkov in a bid to build a local real estate practice (16 November 2011 http://www.thelawyer.com/akin-gump-appoints-cms-russia-real-estate-head/1010256.article) at the end of 2011.
Akin Gump is the latest US firm to reveal its financial results for the last year. Earlier this week Holland and Knight posted rises in turnover and PEP of 3 per cent and 11 per cent, respectively (15 February 2012), while Dorsey & Whitney posted flat revenues for the 2011 financial year (15 February 2012).