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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.
Latham’s City office has reported a 12 per cent increase in turnover for the 2011 financial year after securing a roster of multi-billion pound deals last year.
Turnover was up to £120m from £107m the previous year. The London office, which said its revenue per partner figure for the year was £2.3m, appears to be in growth mode after a year marked by instructions on a number of high-profile deals.
The European leveraged finance team landed a mandate advising on the debt financing of BC Partners’ acquisition of Com Hem from the Carlyle Group and Providence Equity Partners in a tertiary buyout. The team also advised on the financing of the $6.6bn sale of Poland’s second largest mobile phone network operator Polkomtel, a deal billed as the largest leveraged buyout in Europe since 2008.
“Despite a challenging global economy, Latham’s London office has performed strongly and we’re well placed for the coming year,’’ said London managing partner Nick Cline.
‘‘The London office continues to be a strategic growth area for the firm and this will also continue into 2012.”
The news comes after the firm posted an 11.6 per cent rise in global turnover along with a 14.1 per cent increase in average profit per equity partner (PEP) for the 2011 financial year.
Turnover reached $2.152bn last year while PEP hit $2.274m. Revenue per lawyer also rose, by 7 per cent, to $1.069m (16 February 2012).