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
An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Total no of fee-earners (including consultants, paralegals etc): 729
Total no of fee-earners (excluding consultants, paralegals etc): 554
Total no of staff: 1,517
Leverage ratio: 1:3.20
Equity partner to staff ratio: 1:6.06
Fee-earner to staff ratio: 1:1.08
Financial management: Average WIP improved 11 per cent on 2002-2003 to 53.4 days. Average debtor days 44.5 days. "Negligible" debt, partners' capital contributions approximately £150,000.
Equity structure: Eight-year lockstep. The equity starts at 28 points and increases each year in equal percentages, with the plateau at 70 points. The past two years have seen Camerons gradually phasing out salaried partners and introducing all its partners to the equity. During the transition process, and for the purpose of PEP calculations, the firm is taking its equity as 130 (eight partners are on a fixed share equity). Next year the figure will be 138.
Billable hours targets: 1,600
Key clients: Lloyds TSB, Metronet, National Australia Bank, National Grid Transco, Taylor Woodrow Developments, The Wellcome Trust.