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 will pay distributions to partners this quarter after holding back profits in the last quarter.
The firm is understood to have taken the decision in the past week.
It deferred profits last quarter after a 6 per cent drop in revenue for the first half of the 2012/13 financial year (26 November 2012).
The firm is understood to have paid out roughly 20 to 30 per cent of 2010/11 profits before the latest decision and sets a loose target to pay partners within two years of the end of the financial year, or within 12 months in a good year.
In November the firm said the deferral was a prudent move to avoid borrowing to pay partners.
It is unclear whether this quarter’s payouts fully compensate for the deferral last time around.
The firm’s average profit per equity partner in 2011/12 was £744,000, with its equity spread ranging from £405,000 from £1.052m (4 July 2012).