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.
Total no of fee-earners (including consultants, paralegals etc): 225
Total no of fee-earners (excluding consultants, paralegals etc): 87
Total no of staff: 365
Leverage ratio: 1:5.36
Equity partner to staff ratio: 1:12.73
Fee-earner to staff ratio: 1:0.62
Financial management: Lockup target 170 days, achieved 172 (average WIP 125 days, average debtor days 47). Average capital contributions per equity partner £175,000.
Equity structure: Merit-based, with one partner at the top of lockstep last year. Three levels of equity. At the end of each year each partner prepares a portfolio of their achievements, which is considered by a remuneration committee of three partners. The committee makes recommendations and then the entire partnership votes on remuneration. There is the capacity for new equity partners to go straight in on the mid-tier, should this be deserved.
Billable hours targets: Assistants 1,350.
Key clients: Axa, Norwich Union, Royal Bank of Scotland Insurance, Zurich.