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.
Midlands firm Gateley Wareing has purchased the new Birmingham premises that it is due to move into in September 2003. Rather than renting the Edmund Street building, Gateleys' 22 equity partners have decided to buy the freehold outright from Barwood, the developer. Gateleys senior partner Michael Ward told The Lawyer that this was a cheaper option, because the interest repayments on the money that was borrowed to make the purchase are lower than the rent. Ward said that, in total, the partners spent approximately £14m to buy and redevelop the building. Gateleys is also planning to let out one of the six floors to a client. Commercial insurance broker Beddis Hobbs and Partners is expected to rent the first floor. However, the firm is not proposing to do a sale-and-leaseback, which could generate a potential windfall for the partners and boost profitability. Ward said: "We could sell the freehold to a pension fund and then rent [the premises] from the fund. But that's not our current intention."