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.
Hammonds has reported strong growth in turnover and profitability for the first six months of the current financial year, with half-year revenues estimated at £65m.
The figure puts the firm well on course to beat last year’s £127.6m turnover, and average profit per equity partner should also be up from the £204,000 recorded in 2004-2005.
Managing partner Peter Crossley said the firm had had a “very good” half-year, and that it was ahead of budget and ahead of the same point in 2004.
The news will be a comfort to Hammonds, which suffered from a 25 per cent profit slump at the end of the last financial year. Crossley was forced to take a tough stance on costs and performance, including a redundancy programme and a 14-month lock-in for equity partners.