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.
East Midlands firm Flint Bishop & Barnett has benefited from a gradual restructuring of its equity that last year helped it register a 47 per cent revenue increase.
As the fastest-growing firm in The Lawyer Rising 50 (published today (4 December)), Flint Bishop has reduced equity partner numbers from 15 five years ago to its current number of six, out of a total of 22 partners.
The firm saw turnover jump from £8.8m in 2004-05 to £13m in 2005-06.
Managing partner Ken Dixon said: "It has helped significantly having a smaller group of equity partners. One of the problems for a lot of larger firms is that they haven't had a clearout of the partners. Doing that, along with having a team of senior people working full-time on management, has allowed us to be really focused on developing the business."
The firm opened a new office in Nottingham in March 2005 to cater for growth in fee-earner numbers.