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.
Managing partner Simon Bromwich declined to comment on Ashurst's financial performance, other than to say that the firm's "first six months" had been "satisfactory".
However, a source within the firm confirmed that turnover had increased by only 5 per cent to around £84m in the first six months of 2005-06, compared with £80m this time last year.
The disappointing start follows similarly lacklustre figures for the last financial year, when turnover inched up 2 per cent to reach £201m. Profitability fared somewhat better during 2004-05, with average profit per equity partner jumping by 9 per cent to reach £567,000.