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.
Ashurst’s average profit per equity partner (PPP) has tumbled by 11.7 per cent on unchanged turnover for the last financial year.
The firm released figures today (26 July) showed that PPP dropped to £521,000 for 2003-04 on £590,000 for the last financial year. Gross was unchanged at £197m.
The hit on the bottom line translated into a severe fall at the top and bottom of equity. Plateau partners saw their income drop by 14.9 per cent to £681,000 compared to £800,000 in the previous 12 month. At the bottom of equity, figures fell by 14.7 per cent to £273,000 compared to £320,000 in 2002-03.