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: £1.6m/£1.6m
Global revenue per equity partner: £2m
UK/global number of partners: 12/113
UK/global number of lawyers: 41/558
UK number of staff: 35
UK/global leverage ratio: 1:2.4/1:3.9
UK equity partner to staff ratio: 1:2.9
Equity structure: Modified lockstep for first two to three years then merit, with 12 steps in total.
Billable hours targets: None set.
Billing currency: A mixture of sterling, euro and dollar, depending on the client.
Cost of living details: In 2003, three lawyers were seconded in London. The firm provides an allowance of $40,000 (£24,500) a year.
UK-based lawyer remuneration: All London-based lawyers are paid at New York rates in dollars. While there is no fixed exchange rate for partners, associate pay is calculated on fixed dollar rate set twice a year on 1 January and 1 July.