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The Lawyer Global 100

Willkie Farr & Gallagher


Turnover:£243.4m
Profit per equity partner:£984,000
Revenue per lawyer:£473,000
Total number of lawyers:558

Willkie Farr & Gallagher continues to be one of the most profitable firms in The Lawyer Global 100, recording an average profit per equity partner of £984,000 ($1.79m) in 2005.

However, its turnover growth lags behind some of its competitors'. Revenue rose by a modest 6.5 per cent to £243.4m ($443m).

Internationally, Willkie Farr had a turbulent 2005. In the first half of the year it lost first its Frankfurt-based employment team to Kliemt & Vollstadt, followed by its Frankfurt managing partner Thomas Heymann to launch his own firm. The departures left Willkie Farr with just two partners in Frankfurt.

The losses continued in other offices during the year, as Rome-based M&A partner Filippo Mazza quit to join McDermott Will & Emery and restructuring star Jean-Dominique Daudier de Cassini left the Paris office along with a team. However some advantage was clawed back with the hire of Allen & Overy corporate partner Daniela Stele for Willkie Farr's Milan office.

The firm has so far resisted moving into Asia, preferring to confine itself to a relatively small number of offices in total. However Willkie partners continue to appear on a range of high-profile and high-value deals, ensuring that profitability at least should remain buoyant.

 
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