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' turnover drops 4 per cent" />Eversheds has seen turnover drop during the first six months off the financial year, with revenues sitting 4 per cent down on the same period last year.
The drop means Eversheds, which is the first firm to announce its half-year results, attracted £188m in fees over the six-month period compared to £196m at the same point last year.
Eversheds chief executive David Gray said the small decline is evidence that the business is holding up well amid difficult circumstances. He added that some practice areas, such as competition, saw growth of around 30 per cent.
"Given the economic turmoil of the last six months, it's not surprising that law firms are facing reduced revenues," said Gray. "Over the next two quarters we will continue to focus on providing our clients with the quality and value proposition unique to Eversheds and helping them through these challenging times."
In the last few months Eversheds has kick-started a redundancy consultation, which could see up to 33 lawyers and additional support staff lose their jobs. The firm is also closing its Norwich office and moving the personnel to Cambridge (TheLawyer.com, 4 September).
As reported on TheLawyer.com last week, the firm has red carded its equity partnership, leading to the partners' profit shares for the next two quarters being held back (TheLawyer.com, 30 October). Earlier in the year it curbed travel expenses in a bid to cut costs (TheLawyer.com, 8 October).