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.
Coudert Brothers is attempting to secure a merger of equals with a firm that dwarves it in terms of revenue, average profits and lawyer numbers.
As first revealed on www.thelawyer.com last week, Coudert is in the throes of a 30-day due diligence on Squire Sanders & Dempsey, after five months of discussions.
Coudert’s management told its partners: “We emphasise that this is a potential combination among equals… Coudert has proceeded throughout the process from a position of strength, and if a combination with [Squire Sanders] were to occur, the name of the new firm would begin with Coudert.”
For the last financial year, Squire Sanders reported total revenue of $375.5m (£206.8m), 30 per cent more than Coudert’s $262m (£144.3m), according to The American Lawyer.
Average profits per partner at Squire Sanders topped $525,000 (£289,000) compared with Coudert’s $420,000 (£231,000), a drop of 11.6 per cent on 2002. Squire Sanders has 705 lawyers to Coudert’s 630.