The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
UK revenue per partner/equity partner: £2.2m/£2.2m
Global revenue per equity partner: £1.7m
UK/global number of partners: 23/367
UK/global number of lawyers: 89/1,513
UK number of staff: 71
UK/global leverage ratio: 1:2.9/1:3.1
UK equity partner to staff ratio: 1:3
Equity structure: Modified lockstep. 85 per cent is lockstep with remaining 15 per cent a merit-based bonus. Begins at 300 points and peaks at 900. There are two gateways at 500 and 700 points. The majority of partners plateau at 700 points.
Billable hours targets: 1,900
Billing currency: Majority dollar and sterling, but euro component is beginning to increase.
Cost of living details: In 2003, four lawyers were seconded in London. Assistance for US partners and US associates is calculated on a formula based on a number of factors.
UK-based lawyer remuneration: All partners are paid in dollars, US associates can elect for dollars or sterling, UK associates are paid in sterling.