The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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 is predicting no change in profitability due to a slower than anticipated consolidation of its recent growth spurt. Cobbetts managing partner Michael Shaw said average profit per equity partner (PEP) is likely to remain static at around £190,000, despite a 7 per cent turnover rise to £53.7m. Cobbetts carried out a series of mergers in 2004 and 2005 with firms including Lee Crowder in Birmingham and Fox Brooks Marshall and Wilbraham in Leeds. The firm has added 90 partners in just five years. During the past year Cobbetts also spun off its debt recovery division and its Birmingham financial services practice.