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.
Scottish firm Thorntons has strengthened its agriculture team with the hire of Morton Fraser partner Kenneth Mackay, the first lateral to be appointed to the group in the firm’s Edinburgh office.
Mackay joins an existing team of agricultural specialists who are mainly based in Perth.
Thorntons co-managing partner Craig Nicol told The Lawyer that Thorntons had identified a gap in the Edinburgh market in the area of agricultural law. “We think there’s a niche there,” he said.
The hire follows a strong year for Thorntons, which achieved a record turnover figure of £14.3m at the end of the 2012/13 financial year, a rise of 8.3 per cent compared to 2011/12’s revenue of £13.2m.
Net profit was marginally up, from £1.9m in 2011/12 to £2m last year, but the addition of 1.6 full-time equivalent equity partners meant net profit dropped by 5 per cent, from £124,000 to £118,000. Around two-thirds of the firm’s partnership are in the equity.
Thorntons recently won a place on the Advanced Procurement for Universities and Colleges (APUC) panel (28 June 2013), the only Scottish firm to be selected for all Scottish lots.
Meanwhile fellow Scottish firm McClure Naismith has also reported figures for the last financial year. The firm saw turnover drop by 9 per cent, from £13.2m to £12m.