While the 5 per cent revenue uptick will of course be welcome, as will the corresponding growth in total lawyers from 4,087 to 4,245 and the increase in total headcount to 10,986, what is likely to get the Bakers’ partners’ pulses racing most is the 35 global panels to which it was appointed last year.
Around a third of these are London centric clients, reinforcing the importance of Bakers’ largest office to the rest of its network.
As the firm’s chairman Eduardo Leite put it, “London can make a big difference for rest of firm because it creates work for the rest of the firm at large”.
This October Bakers will hold its firmwide partners meeting in London, it’s not hard to see why. Time to move its HQ to the UK?
Also on TheLawyer.com:
- Scotland’s Harper Macleod is merging with Glasgow-based private client boutique Bird Semple to form a £23m firm
- Two former News International lawyers will face the Solicitors Disciplinary Tribunal over alleged cover-ups in the phone hacking scandal
- UK firms with non-executive directors have grown their revenue a third faster than those without