The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Eversheds has overcome marketwide economic pressures by beating its billing budget with revenues of £296m.
Turnover for the financial year to April 2004 signalled a 4 per cent increase on the previous 12 months, when gross turnover reached £284.9m.
Eversheds managing partner David Gray said: “It’s been a tough legal market for all law firms.
For law firms, there’s no guarantee of repeat business, but we’ve been able to repeat the £285m we made last year and increase it by £11m.”
Total billings were above the firm’s projected budget, which was reviewed halfway through the year.
At present, Eversheds is still finalising net income for the 12 months.
For the financial year to April 2003, net profit totalled £54.8m, a 4 per cent increase on the previous period. Gray said he was quietly confident that net income would hit targets, which would be good news for Eversheds’ associates and support staff.
At the beginning of the last financial year, Eversheds introduced a bonus scheme which was open to everyone at the firm, except for partners, where people are rewarded for hitting profit targets.