The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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): 402
Total no of fee-earners (excluding consultants, paralegals etc): 180
Total no of staff: 681
Leverage ratio: 1:3.63
Equity partner to staff ratio: 1:8.72
Fee-earner to staff ratio: 1:0.69
Financial management: Lockup target 150 (reducing to 120 days), achieved 150 (average WIP 79 days, average debtor days 71). Practice profile by revenue - corporate 32 per cent, real estate 35 per cent, litigation 19 per cent, private client 14 per cent. Average fixed capital contributions £18,000.
Equity structure: Modified lockstep with four levels. Partners enter on seven shares and can gain a maximum of 10 shares. Partners can move up every two years based on performance. There were 18 partners at the top of lockstep last year.