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.
Watson Farley Williams’ Michael Greville has resigned from his role as managing partner after 12 years.
Greville will step down in mid-January and return to a fee-earning position focusing on the shipping, oil and gas, and energy sectors.
Partners were alerted of his decision before the firm’s recent partner conference. An election for Greville’s replacement is currently underway, with Chris Lowe and Lothar Wegener running jointly for the managing partner role. The dual appointment is expected to be approved in the next few weeks.
Lowe, who is based in London, is the firm’s current global maritime practice head and former Singapore office chief. Meanwhile, Wegener is head of WFW’s German offices and is based in Hamburg.
Earlier this week, the firm announced a double-digit uptick in revenue for the first six months of the 2013/14 financial year, recording revenues of £52m (26 November 2013).
Greville commented in a statement: “WFW is an excellent firm with a clear strategic focus and established market positions. We have come through the worst of the economic times in good shape. The firm is well set to have a good year and this is an appropriate time for me to hand over the reins and move on to the next stage of my career.”
In 2012/13 WFW’s turnover rose by 2 per cent from £99.9m to £102m. However, its average profit per equity partner (PEP) tumbled 13 per cent, from £458,000 to £446,000 (16 June 2013).
Partners at the top of the equity scale saw their remuneration fall by 35 per cent – from £1.5m to £980,000. Meanwhile, those at the bottom of equity dropped 13 per cent, from £220,000 to £190,000. The news was reported on Roll on Friday yesterday.