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.
Cobbetts has announced half-year income of £24.2m, up 18 per cent from the same period last year.
Managing partner Michael Shaw said profits were also “significantly higher” than last year, and he expected full year average profit per equity partner (PEP) to reach £225,000 - up 18 per cent from 2005’s disappointing £190,000.
The growth follows two years of merger and lateral hires which has seen Cobbetts almost double its turnover, from £26m in 2003 to £50m in 2005. However PEP has remained broadly static throughout, dipping from £202,000 in 2004 to last year’s results.
Shaw said that the banking and commercial departments had performed particularly strongly, with a number of new panel appointments this year including a spot on the Barclays lending and finance panel.