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.
The majority of holidaymakers looking to head out to the Med for some guaranteed sunshine this summer may be feeling squeezed by the strong Euro. But Allen & Overy partners are the latest magic circle lawyers to be gratified by the currency’s robust standing.
The firm announced its financial results today and - just like Freshfields’ chief executive Ted Burke - managing partner Wim Dejonghe highlighted currency fluctuations as having helped boost the coffers.
Over 50 per cent of A&O’s cash comes from abroad, with western Europe and the Middle East increasingly important. As a result A&O grew by seven per cent to hit £1.1bn over the last year.
PEP did drop slightly, but equity partners are still part of the increasingly exclusive £1m club (just).
Even Clifford Chance partners, who saw PEP halve to £733K, can probably just about afford a holiday in Chiantishire this year, but A&O partners pocketing that extra £267K may still be able to buy a small part of it.