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: £2.4m/£2.4m
Global revenue per equity partner: £2.2m
UK/global number of partners: 12/161
UK/global number of lawyers: 59/758
UK number of staff: 88
UK/global leverage ratio: 1:3.9/1:3.7
UK equity partner to staff ratio: 1:7.3
Equity structure: Lockstep, 14 years to reach plateau.
Billable hours targets: None set.
Billing currency: Majority dollars. Some sterling for UK clients.
Cost of living details: In 2003, there were 22 associates on secondment to London. Their package includes a payment of $15,000 (£9,000), temporary housing for four weeks and limited paid flights back to the US, depending on the duration of their secondment.
UK-based lawyer remuneration: All partners are paid in dollars. US associates’ pay is exchange rate protected: 75 per cent of salary is converted into sterling using a guaranteed rate of between $1.20-$1.25, with the remaining 25 per cent paid in dollars. UK associates paid in sterling.