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.
Bevan Brittan chief exec voted out; new profit plan" />Bevan Brittan’s Stuart Whitfield is to be replaced as chief executive and replaced by non-lawyer Andrew Manning after the partnership voted him out of the position.
The Lawyer revealed in July how a four partner committee was tasked with coming up with restructuring plan and proposed that Whitfield be replaced (The Lawyer, 21 July).
The far-reaching proposals came as the Bristol-based firm saw profitability tumble at the 2007-08 year end to £6.5m, down 37 per cent from the £9.6m reported in the previous year.
Average profit per equity partner also plummeted, falling £54,000 from £234,000 to £180,000 – a slide of 23 per cent – despite the equity partner headcount having dropped from 41 to 33 in the last year.
Manning’s election as chief executive is a bid to reverse the firm’s fortunes. Manning, who was previously chief operating officer, has been set the ambitious target of improving profitability by 37 per cent by the 2008-09 year end. This will put the firm at £8.4m at the next year-end, lower than £9.6m reported in 2006-07.
The firm is to concentrate on four key areas in an effort to underpin growth: health, local government, private sector and corporate.
Whitfield will return to a fee-earning role in the commercial team.