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.
UK revenue per partner/equity partner: £2.3m/£3.9m
Global revenue per equity partner: £2.7m
UK/global partners: 7(12)/79
UK/global number of lawyers: 62/476
UK number of staff: 63
UK/global leverage ratio: 1:7.8/1:5
UK equity partner to staff ratio: 1:9
Equity structure: Merit-based. Equity partners either receive points based on chargeable hours, billings etc, or are paid on a fixed-share basis.
Billable hours targets: 1,800 (US: 2,000)
Billing currency: Sterling and some dollar.
Cost of living details: In 2003 there were five US lawyers on secondment to the UK. Partners and associates are provided with relocation costs, cost of living and housing cost adjustments and tuition costs for school-age children.
UK-based lawyer remuneration: All equity partners are paid in dollars, non-equity receive sterling, as do UK and US lawyers living in the UK. The exception are US lawyers who have relocated to the UK, who continue to be paid in dollars.