The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Freshfields Bruckhaus Deringer is the latest firm to report strong financial performance at the half-year stage, with fee income jumping by 19 per cent on this time last year.
The magic circle firm has earned £560m in fees since the end of the 2006-07 financial year. This compares to £470m this time last year. At the time, that represented a 25 per cent year-on-year increase. Freshfields finished 2006-07 with £986m in turnover after an 11.8 per cent increase.
The results pip magic circle rival Allen & Overy (A&O), which also announced its fee income today. A&O boosted income by 16 per cent to £456m at the half-year stage.
Freshfields is also a smaller firm than it was this time last year. It now has 450 partners after a £55m firmwide restructuring culled 100 partners from the equity.
The firm had a particularly buoyant first quarter of 2007-08, landing deals such as advising Goldman Sachs on the £5.56bn mega-merger of Emirates Bank International with National Bank of Dubai; and advising Pearl Group on its £5.1bn approach to Resolution. It is also lead corporate adviser to beleaguered mortgage lender Northern Rock.
Freshfields’ half-year results do not include work in progress (WIP) and are preliminary.