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.
Clifford Chance’s revenues have slumped for the third year in a row, with gross fees down to £915m. However, the magic circle firm has posted a profit rise of almost 15 per cent for the last financial year, suggesting that its war on costs has paid dividends. The firm’s provisional results show average profit per equity partner (PEP) at £644,000, up 14.6 per cent on the previous year’s £562,000. The results indicate the firm has clawed back from a dismal 2003/2004, when profits collapsed by more than 13 per cent. The firm attributed the revenue slump to the departure of a swathe of New York rainmakers and the closure of a number of offices. The PEP results indicate the success of Clifford Chance’s ongoing cost-cutting drive, initiated by chief operating officer David Childs. The push on costs has included centralising all internal business services including HR, IT, property management and global procurement as well as closing the Berlin office and significantly downsizing the US west coast presence.