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.
Bristol firm Burges Salmon has recorded an impressive 25 per cent growth in turnover, taking it through the £30m barrier.
Profits per partner climbed to £310,000 from £255,000 for 1999/2000. Top equity partners have made £360,000, while those at the bottom are at £190,000. Senior partner Richard Wynn-Jones said: "It's been a very good year, but one would have to put this in context. Any corporate firm worth its salt should have had a good year." Burges Salmon's well-established strength in corporate finance was evident in deals such as First Group's sale of Bristol International Airport for £234m. But the firm's investment in transport is also pushing up the bottom line. Wynn-Jones said: "Our continued investment in transport has very much paid off. No one likes to profit from adversity, but we've been involved in two big rail inquiries, acting for First Great Western and also acting for ATOC [the Association of Train Operating Companies]." The year's success has not led to any change in strategy. "We're more and more convinced that our single-site philosophy - the long reach from Bristol - is the right way to go," said Wynn-Jones.