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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.
A 36 per cent surge in Paris turnover has thrust Baker & McKenzie (B&M) into France’s top 10 law firms for the first time.
According to research by Juristes Associés, B&M’s French income rose from €39.7m (£27.2m) in 2002 to €54m (£36.9m) in 2003, bucking the trend in a generally unprofitable year and moving it into the French top 10.
Eric Lasry, B&M’s French managing partner, said the firm had been particularly strong in tax and M&A work, but also in making efforts to promote itself in the market.
He added: “It was a good year, but there’s still a lot to achieve.”
Linklaters was the best-performing UK law firm in France, posting a 12.6 per cent hike in turnover to €66.8m (£45.7m), while income at Freshfields Bruckhaus Deringer dropped by 9 per cent to €91m (£62.2m). At Clifford Chance, turnover remained virtually static, up just 1.1 per cent to €85.6m (£58.6m).
Taj, formerly the legal arm of Deloitte & Touche, also had a superb year with an income rise of 41.9 per cent, following a 20 per cent cull of fee-earners.
Fidal, another former accountancy-tied firm, remained top of the table following a static year. Chairman Jean-Louis Paul said he was concentrating on developing international work and rebuilding international partnerships following the break-up of KLegal.
But Paul also expressed dismay at the overall financial climate in France, adding: “I’d prefer to have this success in a competitive market.”
Click here to view table: 'Top 10 firms in France by turnover 2002-03'