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.
Total no of fee-earners (including consultants, paralegals etc): 347
Total no of fee-earners (excluding consultants, paralegals etc): 279
Total no of staff: 721
Leverage ratio: 1:3.24
Equity partner to staff ratio: 1:7.48
Fee-earner to staff ratio: 1:1.08
Financial management: WIP last year was 55 days, with 90 debtor days at year-end. No lockup target. Practice profile by revenue is commercial litigation and insolvency 19 per cent, commercial 7 per cent, property 33 per cent, banking 6 per cent, corporate 15 per cent, private client 7 per cent, employment 8 per cent and debt recovery 4 per cent. Average fixed capital contributions £100,000.
Equity structure: Modified lockstep with five steps to full equity. 29 partners at the top of the lockstep last year.