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.
French firms post record figures; accountancy-tied firms are the ones to watch
The french legal market has had a record year, with turnover for the top 100 firms in France up by 24 per cent to nearly FFr12bn (£1.16bn). Last year, 18 per cent of firms made between FFr100m (£9.63m) and FFr200m (£19.26m), this year that figure rose to 23 per cent. Fidal is the largest firm, with 1,206 fee-earners, nearly twice the number in the second largest firm, PricewaterhouseCoopers' affiliated French firm Landwell. This year, Fidal's turnover was FFr1.374bn (£132.34m), while Landwell's was FFr768m (£73.97m). Accountancy-tied firms HSD Ernst & Young and Andersen Legal came in third and fourth position with turnovers of FFr626m (£60.3m) and FFr608m (£58.56m) respectively. Gide Loyrette Nouel also had a good year, making FFr552.8m (£53.25m) in France. UK firms Clifford Chance, Freshfields Bruckhaus Deringer and Linklaters & Alliance all came in the top 10. Deloitte & Touche did not do particularly well, and despite being France's seventh largest firm, it came tenth in respect of turnover. The survey, published by Paris-based newsletter Juristes Associés also revealed that French law firms are growing rapidly, with 29 per cent housing between 51 and 100 fee-earners, compared with 25 per cent last year. It also reiterated the importance of the big five accountancy-tied firms, which it claimed accounted for 56 per cent of fee-earners. And globalisation was key, with 73 per cent of French firms having a global affiliation or network, compared with only 59 per cent last year.
Top 15 law firms in France (by number of fee-earners)