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.
Baker Botts has reported a 6.16 per cent increase in global revenue for the past financial year.
The Texas-headquartered firm grew revenue from $577.7m in 2007 up to $613.3m in 2008. Baker Botts also grew average profit per equity partner (PEP) by 4.6 per cent from $1.3m up to $1.36m in 2008.
The past year was a particularly good one for Baker Botts in terms of growing its international arbitration capabilities. The firm snared Latham & Watkins lawyer Alejandro Escobar for its London office and Steven Lim in Hong Kong from local firm Raja & Tann in January last year. Both joined Baker Botts as special counsel.
Baker Botts is the latest US firm to announce its figures. Earlier today The Lawyer reported that White & Case had announced a 4.8 per cent drop in PEP for 2008 from $1.67m down to $1.59m (10 Feb 2009)
Yesterday, Morgan Lewis announced an 8.5 per cent revenue hike up to $1.12bn while PEP grew by 1.4 per cent up to $1.45m last year.