The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
UK revenue per partner/equity partner: £600,000/£600,000
Global revenue per equity partner: £1.4m
UK/global number of partners: 13/141
UK/global number of lawyers: 32/509
UK number of staff: 75
UK/global leverage ratio: 1:1.4/1:2.6
UK equity partner to staff ratio: 1:5.7
Equity structure: Merit based.
Billable hours targets: None set.
Billing currency: Sterling.
Cost of living details: No US lawyers on secondment. The firm used to have an allowance in place for all US associates but four years ago they elected to be paid in sterling.
UK-based lawyer remuneration: Partners are paid in dollars. The firm has a hedging system where the currency can move within a certain range beyond which it is 100 per cent protected. Subject to an annual review.