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.
DLA Piper Rudnick Gray Cary's first set of UK limited-liability partnership (LLP) accounts show that Nigel Knowles made it into the millionaires' club last year.
The UK chief executive received £1.1m - the highest of any partner in the year ending 30 April 2005. This was a rise of 14 per cent on the previous year, which saw the highest-paid equity partner earn £983,000. Knowles's payout is more than double the average profit per equity partner of £535,000.
The number of equity partners increased by only two in 2005, while net profit was £85.2m, up from £79.8m. DLA Piper ended the year with £3m cash in the bank.
The firm shrunk its overdraft last year, according to the LLP filings. In 2003-04 it stood at £13.7m; in 2004-05 it operated an overdraft of more than £7m on a turnover of £258.3m. Partners contributed a total of £27.8m in capital over the same period. 'You've got all these firms nipping at the edge and I think a time will come where one or two will say, 'this is not for me.'
A&O's Graham Vinter shows his deep understanding of the commercial strategy of law firms. Analysis, page 14 'I don't think it's necessary to use a Rolls-Royce to get to the corner shop.'
One anonymous sports lawyer argues that Slaughter and May partner Nigel Boardman is an extravagant choice for Arsenal FC's legal work. The Lawyer Interview, page 16 '[Both firms] have had high levels of growth in our regions and believe the merger will allow us to translate this into a strong national platform.'
HBJ Gateley Wareing senior partner Mike Ward gets excited about getting bigger. UK Roundup, page 21 'We get a couple of calls a week from people who've been on night shifts complaining the plane has woken them up.'
Follet Stock managing partner Chris Lingard on how to make friends and influence people. Firm Profile, page 22 'Given the divorce statistics, it is not surprising that pre-marital agreements are often now regarded as a sensible element of financial planning.'
Alison Bull of Addleshaw Goddard comes up with romantic gift ideas. Special Report, page 26