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.
The London office of US firm Bingham McCutchen has boosted profit despite a slight drop in turnover.
Average profit per equity partner rose 7.4 per cent from $1.75m to $1.88m and turnover dropped 4.6 per cent from $32.5m to $31m.
London managing partner James Roome said: “Restructuring really kicked in towards the end of the year with things like Home Builders and the car manufacturers but it is the range of work we do for financial investors that kept us going.”
The PEP figure was boosted by the number of partners dropping from 12 to 11. Litigation partner Neil Micklethwaite left in August 2007 to launch a litigation and human rights boutique with Roger Gherson, a former colleague of Micklethwaite's from his time at Gouldens.
The UK figures closely echo the global figures, which saw grow 6 per cent from $1.335m in 2007 up to $1.42m and revenues rise 3.2 per cent from $743.5m to $767m.
“We’re pretty cautious,” commented Roome, “we’re now glad that we haven’t made some of the big investments that some other firms have.”
To receive our free Lawyer News Daily news and comment email, click here. Or get the latest news, features and comment as it's published with our free RSS feed.