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.
Imagine struggling away at your job and ending the year without making any money out of it. Not so hard to imagine for a vast number of practitioners, who will find the newly-released figures on earnings and profitability in the solicitors' profession a depressing confirmation of what they already know to be true. According to the report less than half the firms operating in this area were actually making money out of it.
It's easy to say that the profession should not be gloomy and look elsewhere for cheer. But the sheer numbers involved in conveyancing make that difficult. Until the situation improves (and according to the statistics there is no sign of improvement), the Law Society will face its toughest test in keeping the profession happy.