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.
DIBB Lupton Broomhead has emerged as the highest-earning legal firm in The Lawyer's analysis of its most comprehensive list of financial figures supplied by the profession.
The firm brought in u56 million last financial year to head a list of those prepared to give income details.
Dibbs was followed by Leeds-based Hammond Suddards with u33 million. Hammonds was also the fastest-growing firm, with annual growth of 18.5 per cent.
The table of high-earners is dominated by City names including Baker & McKenzie and Davies Arnold Cooper. Leaders in the growth table include Fennemores of Milton Keynes (14 per cent).
Figures on earnings and growth were supplied by 19 out of the Top 100 firms.
Lawyers say well-run practices are cashing in on clients' willingness to "shop around".
David McIntosh, senior partner with Davies Arnold Cooper, says: "When new business comes along, you have a beauty parade, but these are a wonderful opportunity for a firm to get work that might previously have gone elsewhere."
Stuart Benson, business development partner with Dibbs, says: "It is a good time for the few that get it right."
Firm size correlates with income. Dibbs is 9th in the Top 100, Hammonds 15th. Baker & McKenzie, Davies Arnold Cooper and Shoosmiths & Harrison, ranked 44th, 22nd and 18th in size, were third, fourth and fifth in the earnings table.
DJ Freeman (55th), is sixth in the fees table, Booth & Co (28th) seventh, Penningtons (37th) eighth, Bevan Ashford (35th) ninth and Addleshaw Sons & Latham (74th) tenth.