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.
Paul Hastings has posted a 3.6 per cent rise in revenue for the 2013 financial year, with turnover increasing from $908m to $941m.
In a year when most of the firm’s key fiscal metrics rose, average profit per partner grew by 4.6 per cent from $2.08m to $2.17m while revenue per lawyer increased by 5 per cent from $1.01m to $1.06m.
The firm said it had seen a “significant uptick in complex, innovative, cross-border deals valued over $1bn”, which drove the it’s “solid financial results”.
Paul Hastings advised on 35 transactions worth in excess of $1bn across a wide range of industries during 2013. They included Shuanghui’s $7.1bn acquisition of Smithfield, the largest acquisition of a US company by a Chinese company to date; advising the banks on Fibra Uno’s equity offering, the largest in Latin America in 2013; and Italian gas transportation and storage operator SNAM on the €2.4bn acquisition of Total’s gas transport and storage business.