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 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.