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.
Davies Arnold Cooper (DAC) has seen average profit per equity partner (PEP) nudge up by just 4 per cent this year, an indication that the downturn in legal action continues to hit the litigation-focused firm.
The firm's PEP comes in at £345,000, up from £333,000, while turnover increased by 5 per cent to £32m. Net profit rocketed by 38 per cent to £8.3m from £6m.
Compared with last year, however, the incremental increase in turnover is a positive: in 2005-06 DAC suffered from a slowdown in the insurance market, causing the value of the business to fall by £1.6m.
According to the firm, its real estate and insurance teams are performing solidly, while its Madrid office, which contributed 12 per cent to revenue, is also doing well.