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.
Baker & McKenzie (B&M) has had a storming year in London, with profit per equity partner (PEP) shooting up 33 per cent from last year's £335,000 to £445,000.
The London office comfortably outstripped the performance of the rest of the firm, which saw PEP rise just 3.3 per cent, from £363,000 last year to £375,000.
"It's all in the turnover. We've had a much stronger year across the board and in particular a lot of the growth is corporate and banking-driven," said B&M UK managing partner Gary Senior.
Turnover in London rose 9.5 per cent, from £84m at the end of the 2004 financial year to £92m. Across the globe, B&M's revenues were up just 2.3 per cent, from £691m to £707m.
Senior said: "Last year was a poor one for us so we started from a lower base, but it's well above what we were targeting. We set a target of £400,000. Costs have been reasonably static... and there were no big investments. It's all about driving the revenue line."
Corporate clients that have been particularly active include BP, EQT and United Business Media.