The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
K&L Gates has announced a 27 per cent increase in global revenues for the last financial year.
The firm hiked revenue from $755.2m in 2007 up to $959.4m in 2008. Profit per equity partner (PEP) saw a 6.7 per cent increase during the same period, from $800,100 up to $853,900.
K&L Gates chairman and managing partner Peter Kalis said: “2008 was a year of extraordinary challenge and opportunity. On three continents, our partners leaned into the wind and moved forward. I hardly qualify as objective, but out partnership is an extraordinarily resourceful, resilient and client-focused group. They will carry the same traits forward into 2009.”
The US firm was highly acquisitive in 2008, including a deal with Chicago-headquartered 235-lawyer firm Bell Boyd & Lloyd which is due to go live later this year.
K&L Gates global network also saw significant growth. In May The Lawyer reported on the firm’s tie-up with Taiwanese firm J&J Attorneys at Law ( 14 May).
The firm also launched offices in Paris and Shanghai during 2008.
A range of US firms have announced 2008 results this month. Yesterday The Lawyer revealed Weil Gotshal & Manges reported a 4 per cent revenue hike for the last financial year, from $1.18bn in 2007 up to $1.23bn last year (20 January).
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