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.
The top five insurance firms have all enjoyed massive profit hikes this year as their clients become increasingly litigious in today's hardened market. Kennedys, the best performer, saw profits per equity partner rise by 25 per cent, Beachcroft Wansbroughs profits went up 18 per cent and Reynolds Porter Chamberlain's went up 10 per cent, while Barlow Lyde & Gilbert and Clyde & Co's both saw an 8 per cent increase. Kennedys chief executive Ric Martin said: "There's a link between a hard insurance market and a depressed economic climate and a rise in insurance litigation. It's a gut feel, but we think the insurers are fighting more and taking a stronger view on premiums and risk." The firms have also benefited from the increase in insurance litigation following the events of 11 September, with reinsurers and insurers fighting over liability for the massive claims they are facing. "Where things go wrong, the reinsurance side does well as there is a lot more litigation activity," said a spokesperson for Barlow Lyde & Gilbert. Barlows senior partner Richard Dedman said that the firm would have done even better had it not also built up a large corporate department, which felt the strain this year.