| Turnover: | £210.2m |
| Profit per equity partner: | £445,000 |
| Revenue per lawyer: | £226,000 |
| Total number of lawyers: | 785 |
Norton Rose had an unimpressive year in 2005-06. Turnover rose by just 4 per cent to £210m ($382.2m), while average profit per equity partner rose by 4.7 per cent to £445,000 ($810,000). Along with Denton Wilde Sapte, the firm was the biggest faller in the revenue table, with both firms dropping 10 places.
Despite the figures, the firm's international offices are performing strongly, with Paris in particular growing more rapidly than most after a series of lateral hires and continuing relationships with clients such as Calyon and Société Générale.
Norton Rose's Asia presence is extensive. Last year this expanded further after the firm obtained a licence to practise in Shanghai. The firm's Asian network now covers Bangkok, Beijing, Hong Kong, Jakarta, Shanghai and Singapore.
Norton Rose turned over £145m in London in 2005-06. The firm saw a number of partner departures that year, including the defection of a four-partner securitisation team to Baker & McKenzie.
Norton Rose's traditional practice areas of finance and shipping are key to the Asian offices. Shanghai is headed by litigator Jim James, whose background is marine law. Recent transactions in the People's Republic of China include the IPO of the Chinese Shipping Group's container line. Partners in the Far East are also members of the firm's successful Islamic finance practice.
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