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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.
North West set Exchange Chambers has overcome a tough year to post a slight turnover rise of just more than 1 per cent to £14.3m.
The set's income rose from 2005's £14.1m as it battled increased pressure on the criminal bar and publicly funded work. Exchange's members practise criminal and common law.
During the course of 2005 the set hired a number of new tenants, pushing numbers up to 90 members, including 12 silks. However, the knock-on effect was that revenue per barrister slumped to less than £160,000, down from £172,000 last year.
Chambers director Tom Handley said the set was reducing members' contributions for clerking and administration fees from 5 per cent to 4.5 per cent, but that rents would remain static.
He added that Exchange would continue to expand, particularly in Manchester.