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.
Mills & Reeve has reported disappointing profit growth with a 1.2 per cent rise in profits per partner.
Turnover rose by 11 per cent from £24.6m to £27.3m for the year ending April 2001. The results put Mills & Reeve on course to reach its target of £40m for the financial year ending April 2005, with the firm going over its gross budget by £1m. Average profits per partner rose from £132,196 to only £133,913. Mills & Reeve managing partner Mark Jeffries said the results had been expected. "The increase in profits per partner is low because we have been investing in new offices and making a number of lateral hires. We have been looking at the long-term future of the business," he said. PFI and corporate have been the most successful departments. PFI partner Raith Pickup and corporate partner Nick Fischl were the top two billers.