The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
UK revenue per partner/equity partner: £1.1m/£1.7m
Global revenue per equity partner: £1.5m
UK/global number of partners: 25(38)/165
UK/global number of lawyers: 120/697
UK number of staff: 282
UK/global leverage ratio: 1:3.8/1:3.2
UK equity partner to staff ratio: 1:11.2
Equity structure: Merit-based. Equity partner pay is fixed every two years. Annual bonuses are awarded to a small number of partners based on extraordinary performance.
Billable hours targets: 1,500
Billing currency: Sterling.
Cost of living details: Adjustments are given for cost of living differentials between specific cities. The firm may provide additional housing allowances depending on individual situations and the length of the secondment.
UK-based lawyer remuneration: Equity partners are paid in dollars, all others are paid in sterling.