The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
CMS Cameron McKenna has seen its profits suffer a double-digit drop for the second year running after announcing its results to partners.
Profits per equity partner (PEP) at the firm have fallen 18 per cent to £453,000 in 2009-10, after standing at £554,000 last year. That figure was 15 per cent down on 2007-08’s £655,000, meaning partners have seen PEP fall more than £200,000 in two years.
Turnover was down 11 per cent this year, falling from £240m to £214m. Last year, the firm posted a small rise after revenue increased from £235m.
The number of equity partners has dropped by just two in the past 12 months, from 127 to 125.
The news comes after Camerons announced its plans to set up a full-service outsourcing centre with Integreon to provide a complete range of business support functions (14 May 2010). The £600m deal is expected to cut the cost of support services for the firm once it goes live in the autumn.