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.
Total no of fee-earners (including consultants, paralegals etc): 167
Total no of fee-earners (excluding consultants, paralegals etc): 126
Total no of staff: 314
Leverage ratio: 1:3.76
Equity partner to staff ratio: 1:6.13
Fee-earner to staff ratio: 1:0.88
Financial management: Average WIP 55 days, average debtor days 70. Debt stands at £410,000. Partners are expected to contribute £750 per profit-sharing point, so that partners joining at the top of lockstep would contribute £75,000.
Equity structure: The firm moved from pure lockstep to modified lockstep in 2002. Partners enter the equity on 51 points and move to 100 points over seven years. Plateau partners can also be awarded an extra 20 points and high achievers can double-jump up the lockstep in a single year. Similarly, partners can be pushed down.
Billable hours targets: 1,320 for full-time fee-earners. Members of the partnership board on 60 per cent fee-earning.
Key clients: Prudential Property Investment Management (the 'Mexican Wave' initiative in conjunction with Lovells), Office of Government Commerce (L-CAT Panel), Royal Bank of Scotland, Union Railways Property.