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.
Clifford Chance is predicting revenues to break through the £1bn mark for the 2005-06 financial year, while average profits per equity partner (PEP) are expected to reach more than £810,000.
Turnover is expected to grow 13 per cent to £1.03bn, compared to £914m in 2004-05.
As first revealed by The Lawyer this week (29 May), average PEP is due to increase by 24 per cent to £810,000, up from £615,000 last year. The figures are set to be finalised in July.
Global managing partner David Childs said in a statement: “We have achieved strong growth in revenues and in our profitability. We are pleased with the performance of each of our geographic regions and believe they are well positioned for further growth.
“We have had a great year across all our practices, and in M&A were rated number one globally for the first time in the Thomson [Financial] league tables,” he continued.