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.
Ashurst has reported a 35 per cent drop in profit per equity (PEP) for the 2008-09 financial year.
The silver circle firm reported a PEP of £673,000 during the last financial year, down from £1.04m for the previous year.
Earlier this year The Lawyer reported that Ashurst’s revenue had decreased by 7 per cent last year from £323m down to £301m last year (27 May).
Ashurst managing partner Simon Bromwich told The Lawyer: “This is in line with what we have been expecting for the last six months. Since Christmas we have been busier and made a lot of partner investment. This has certainly affected the PEP figure.”
In February this year the firm launched in the US, snaring an 11-partner team from McKee Nelson.
Bromwich said: “We think we have the basics right to improve profits over the next year. We are confident that the investments we’ve made will be beneficial to us over the coming year.”