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.
Field Fisher Waterhouse (FFW) has boosted its profit by a massive 19 per cent, from £325,000 last year to £390,000, following a comprehensive strategy overhaul.
The firm has smashed its budget: top of equity has soared past the £600,000 barrier, which is more than £100,000 up on projections.
"This is genuine growth and isn't a result of shrinking the equity," said one partner.
The FFW partnership approved a new strategy in November 2004, which set an ambitious target of a 50 per cent rise in turnover over the next three years, from £47m last year to £75m by 2007. During the first year since embarking on the new strategy, turnover increased 10.9 per cent, from £47m to £52.1m.
The biggest change has been an overhaul of the firm's management board, which is no longer elected freely from the partnership, but is now populated by department heads, who are elected separately, and the firm's managing partner. The departments are: brands, technology, media and telecoms, corporate and finance, litigation, real estate and regulatory.