The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
Beachcroft Wansbroughs has felt the force of losing work from the National Health Service Litigation Authority (NHSLA). Its 2001 turnover increased by just 1 per cent to £70.1m this year, as the national firm absorbed the impact of losing NHSLA work in London and Sheffield. The firm would not disclose its profit figure, but said that profits per partner had gone up, thanks in part to its new bonus system. While other firms with a litigation focus have reaped the benefits of this traditionally counter-cyclical practice, Beachcrofts has seen its commercial practices - property, projects and employment - surge forward, while litigation remained static. Financial director Chris Charles said: "The NHSLA reorganised its panel mid-last year, so there was a chunk of business that we simply weren't doing this year." Beachcrofts has retained NHSLA work in Bristol and Winchester. He argued that the firm may have lost some business from the NHSLA, but had boosted other areas to compensate. The projects practice witnessed the strongest growth, up by a massive 41 per cent, employment grew by 25 per cent and property was up a solid 12 per cent. The firm's employment team in Manchester has been appointed as employment advisers by the North West Development Agency.