The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Bond Pearce has begun a restructuring programme that will see it close its Exeter base and transfer 60 staff to offices in Plymouth and Bristol.
The cost-cutting measure, which will not lead to any redundancies, coincides with the firm's move to new City premises in July.
Bond Pearce managing partner Victor Tettmar said the firm was streamlining costs in a bid to increase turnover to £100m within the next three years. In the last financial year the firm's revenue was £47m.
Tettmar said the Exeter closure would not have a major impact, adding that it was not necessary to have two offices in Devon.
"Primarily this is about growing our team from a single office in Devon and being able to act for the most important clients in Devon and nationally," he added. The firm is no stranger to restructuring, having shed 25 lawyers from its personal injury practice in 2006-07. As a result the firm's average profit per equity partner figure, which dropped 17 per cent in 2006-07, rose 63 per cent in the last financial year.