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.
CLYDE & Co has reported a four per cent rise in turnover for the 2009-10 financial year, up from £185m to £192m.
The firm’s average profit per equity partner (PEP) figure rose by 10 per cent after remaining at £550,000 for the past two years. PEP for 2009-10 is £605,000.
In the past year Clydes has broadened its geographical base, with new offices in New Jersey, Saudi Arabia and Tanzania. It has also formed a best friends alliance with India’s ALMT, giving it a route into the Indian markets.
Approximately 42 per cent of Clydes’ revenue is now generated outside the UK, with the firm’s US arm reporting a 29 per cent rise in turnover and its Middle East branch’s turnover holding up well.
Chief executive Peter Hasson explained that the firm’s aviation lawyers had underpinned its growth.
“Pricing pressures remain intense and our growth has resulted from greater volume, not price increases,” he added.