The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Nabarro has posted flat revenue for the 2013/14 year-end up 0.3 per cent from £116.3m to £116.7m, while average profit per equity partner (PEP) grew by 10.5 per cent from £430,000 to £475,000.
Net profit has also increased, climbing 8 per cent, from £31.6m to £34.1m. It is the third consecutive year of net profit growth at the firm, although still short of the £55.5m high Nabarro achieved in 2007/08.
At the same point last year PEP was also set to soar by 30 per cent, up to £430,000 from £332,000 (13 June 2013). That followed two years of weaker growth and was still some way off the 2007/08 high of £600,000.
Over the last twelve months the firm has bolstered its nternational presence with the opening of an office in Dubai (21 November 2013). That followed the 2010 launch of a Singapore base (20 September 2010). Both offices focus on construction and engineering, development, dispute resolution and infrastructure.
The Singapore launch in 2010 was a strategic U-turn for the firm but has proved successful. Senior partner Graham Stedman has hinted that the firm could be interested in a Singapore alliance last year (17 January 2014).
Nabarro kickstarted the 2014/15 financial year with the appointment of international head Patricia Godfrey, who has been charged with leading the international expansion of the firm (4 April 2013).
There have been efforts to bolster the firm on the domestic front through the launch of a Manchester hub in May with a trio of Addleshaw Goddard real estate partners (14 May 2014).
The firm’s real estate offering continues to bring in chunky mandates and has already advised longstanding client Hermes Real Estate on the recent £800m NOMA JV with The Co-op.
The past two years’ results follow several years of tricky growth at the firm. At the 2011/12 year end the firm revealed that it had been cutting partners in response to difficult economic conditions (28 May 2012).