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.
Berwin Leighton Paisner (BLP) has promised to “bounce back” from the “unusual” result after revealing a retention rate of 64 per cent for its March qualifying trainees.
In its worst retention round since the start of the recession, the top 20 firm offered 14 places to its 22 trainees. All 14 offers were accepted.
That result is significantly down on the 80 per cent retention achieved in September 2012, which was itself a big drop from the 95 per cent retention achieved in September 2011.
A spokesperson for the firm said “It’s still a challenging market we are in. A few firms may have gone up [in terms of retention] but the majority have taken a bit of a dip. We need to respond to the needs of the business on a case-by-case basis.
“This result is unusual for us but we aim to keep it that way and will bounce back again,” the spokesperson added.
The results follow an 8 per cent turnover rise for BLP in 2011/12 from £228m to £246m, significant international expansion with the opening of two offices in Germany and one in Hong Kong and over 30 partner hires last year.