The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Leading French independent firm Bredin Prat has enjoyed one of its best ever years, seeing turnover leap more than 40 per cent to hit e85m (£64m).
Bredin Prat - Slaughter and May's best friend in France - added e25m (£18.8m) to its 2006 revenue of e60m (£46m) in a year that saw the firm top the Mergermarket tables for corporate transactions in France.
Bredin Prat also confirmed its status as one of the most profitable firms in Europe, maintaining a profit margin of 60 per cent.
Bredin Prat made a total profit of around e51m (£38.27m). The firm's all-equity partnership of 35 members split the pot to give an average profit per equity partner (PEP) of e1.45m (£1.1m).
The firm's managing partner Didier Martin told The Lawyer that a number of mega-deals had helped push Bredin Prat through the e80m (£60.3m) barrier for the first time.
Bredin Prat advised Euronext on its e7.8bn (£5.9bn) tie-up with the New York Stock Exchange. Martin added that the challenge will be to keep Bredin Prat's collegiate atmosphere as the firm grows.
Last year also saw the firm make a rare lateral hire, boosting its finance group with partner Raphaële Courtier from the Paris office of Orrick Herrington & Sutcliffe.
Meanwhile, Bredin Prat promoted M&A specialists Olivier Rogivue and Olivier Saba to partner.
Bredin Prat's turnover has almost doubled in two years. In 2005 the firm made e45m (£34m).