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.
Clyde & Co has cracked the £150m turnover benchmark, reporting a 17 per cent turnover increase to £157m, from £130m a year ago.
Clyde & Co’s has cracked the £150m turnover benchmark, reporting a 17 per cent turnover increase to £157m, from £130m a year ago.
The firm said investment in its overseas offices accounted for much of the growth, with its bases in the Middle East, Asia, the US and Latin America all having seen 60 per cent growth rate in the last twelve months. The Middle East practice accounted for £20m of the firm’s turnover.
The UK office has grown by 10 per cent in the last year, driven by the commercial litigation practice.
Chief executive Peter Hasson said: “We have had a stronger second half to the year as commercial litigation has increased, although we are yet to feel the benefits of an upturn in the insurance cycle.”
The firm will now look to bolster its Latin American operation, based in Rio De Janeiro, after Davies Arnold Cooper (DAC) poached insurance partner Hermes Marangos.
Marangos had been responsible for spearheading Clydes' insurance and reinsurance operations in the region.
Clydes head of Latin America, Stirling Leech, will relocate to Rio de Janeiro from the London office. The Rio office will have three partners after the promotions come into effect on 1 May.
Hasson added that there would also be lateral hires in the Middle East and the US offices in the next year. This comes after the firm closed its Los Angeles office to launch in San Francisco, elsewhere in California, after a raid on US firm Duane Morris for a 10-lawyer litigation team. (The Lawyer 28 April 2008)