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.
Kent firm Brachers is on the hunt for a merger partner after a partnership vote sealed its strategy for the future.
Brachers' partners voted in favour of growth through merger at the firm's recent strategy day and they will now undertake research to identify a suitable bride.
Managing partner John Sheath told The Lawyer: "We're looking at merger possibilities and bolt-ons rather than organic growth because we don't think there's sufficient time to grow organically to the size we want to be."
The firm wants to grow from its current size of 19 partners with a turnover of £11.2m to at least 40 partners and a £20m income, in order to break into The Lawyer UK 100.
Brachers will seek a merger within the next 12 months. Sheath added: "We believe the firm is at a crossroads and that we need to progress."
This year's revenue dropped by almost 5 per cent from 2005's after three equity partners retired, but the firm reported strong performances in property, debt recovery and healthcare. The firm has a small London office in addition to its Maidstone headquarters.