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.
CITY firm Allen & Overy, described in the press as the most profitable firm in the UK, has gone on the record about the true state of its finances.
In a frank article in the firm's in-house newsletter, senior partner Bill Tudor John describes how the firm has fared since the last quarter of 1993/94 which "saw us quieter in business terms than we had seen for some time".
Tudor John says he instigated a year-long review of all areas of business to "enhance profitability". In the last year, he says, the firm has seen a world-wide fee earner increase of nine per cent and a turn-over increase of 12 per cent.
It has also gained clients like United Newspapers and British Aerospace and acted in high-profile transactions like the Leeds and Halifax merger.
The glasnost is applauded by another senior partner, James Wyness of Linklaters & Paines, who says his firm's annual review is designed to let people know how the practice is doing - "short of significant figures".