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.
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.