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.
Bingham McCutchen's London office has announced a 4 per cent increase in turnover from $31.2m at the end of 2006 up to $32.5m at the end of 2007.
Net income has risen by 20 per cent from $8.7m at end of 2006 to $10.5m at the end of the last calendar year.
London managing partner, James Roome, said: "Net income has been healthy this year. What I think we have seen is that the cycle of restructuring work has not picked up yet but we expect this to change."
Roome added that the full impact of the credit crunch is yet to be realised.
"We are all being told to expect more restructurings during the first half of this year. It is hard to say exactly what will happen but we are expecting to have a successful 2008," Roome said.
Profit per equity partner (PEP) in the London office was boosted by 20.7 per cent from $1.45m up to $1.75m at the end of 2007.