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.
Cobbetts has posted a drop in fee income of 16 per cent for the 2008-09 financial year but has yet to finalise its turnover figure.
The firm said that it brought in fees of £48.5m for 2008-09, down from £58m for the previous year.
Profitability will also be down this year, although Cobbetts has yet to finalise the figures. Last year the firm posted an average profit per equity partner (PEP) figure of £300,000 and a profit margin of 14 per cent.
Several other north-west firms have already announced their results for 2008-09, with DWF and Weightmans both recording a rise in fee income or turnover for the period.
DWF generated fee income of £60.1m - a rise of nine per cent on the £55.3m it made in 2007-08 (2 March 2009), while Weightmans grew turnover by four per cent from £50m to a record £52m over the same period (11 May 2009).
Meanwhile, turnover at Halliwells has fallen by 4.6 per cent fall from £87m to £83m (11 May 2009).