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
Turnover: £143.7m Profit per equity partner: £515K Earnings per partner: £295K Equity spread: £144K-£815K Net profit: £25.4m Profit margin: 18 per cent Revenue per fee-earner: £216K Revenue per lawyer: £260K Revenue per partner: £915K Revenue per equity partner: £2.61m Total number of fee-earners: 665 Total number of qualified partners: 552 Total number of partners: 157 Total number of equity partners: 55 Total number of female partners: 34 Total number of female equity partners: 0 Total number of staff: 1,172 Leverage ratio (equity partners/fee-earners): 1:9
INTERNAL PROMOTIONS 2006-07: Competition 2, corporate 1, finance 1, IP 1, IT 1, regulatory 1, tax 1, telecoms 2 2005-06: Aviation 1, corporate 1, employment 1, IP 2, IT 2, media 1, public procurement 1, telecoms 2 2004-05: Corporate 2, employment 1, IP 4, IT 1, litigation 1
LATERALS 2006-07: Arbitration 1, corporate 3, employment 1, finance 3, IP 3, IT 1, sport 2, telecoms 3 2005-06: Aviation 1, corporate 3, employment 2, finance 1, IP 2, IT 1, litigation 1, media 1, tax 1 2004-05: Communications 3, corporate 3, data protection 1, life sciences 1, real estate 1, public sector 1
Intake as percentage of partnership: 22.1 New female partners as percentage of intake: 18.5 Firms recruited from: Barlow Lyde & Gilbert, DLA Piper, Freshfields Bruckhaus Deringer, Hammonds, Jones Day, Loyens & Loeff, Simmons & Simmons, SJ Berwin, WilmerHale Equity structure: 55 equity partners, 67 non-equity Practice area(s) most heavily promoted: Competition, corporate, IP *Figures supplied relate to the calendar year
Bird & Bird has increased its rate of lateral hires during the past three years to reach 17 in 2006-07 following a string of international recruitments at a rate of more than one a month. The firm appointed 14 partners in offices outside the UK in 2006, with Madrid securing the largest share with three hires. For the past three years laterals have outnumbered internal promotions. The biggest push has been in corporate, with nine laterals and four internals.