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.
Total no of fee-earners(including consultants, paralegals etc): 757
Total no of fee-earners(excluding consultants, paralegals etc): 619
Total no of staff: 1,590
Leverage ratio: 1:3.58
Equity partner to staff ratio: 1:6.41
Fee-earner to staff ratio: 1: 1.10
Financial management: Highly conservative, with no borrowing and lockup under 100 days.
Equity structure: Pure lockstep but with a gateway system. Ten-year lockstep with two gateways through which partners can move if they clear performance-related hurdles. They can also be moved back down should they become less productive.
Billable hours targets: Vary by jurisdiction for partners; in London it is 1,600. No targets for assistants.