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Global turnover at SNR Denton fell to $710.5m last year, a drop of 1.3 per cent from 2011’s global figure of $719.4m.
The results consolidate all of SNR Denton’s offices, including its UK and European operations which run on a different financial year from the firm’s US arm.
Average profit per equity partner for the global firm hit $783,581, up 12 per cent from $700,000 in 2011.
The news follows confirmation last year that turnover at the firm’s UK LLP, which comprises SNR Denton’s offices in the UK as well as its operations in Europe, the Middle East and Africa hit £145m, down almost 5 per cent on 2010/11’s £152.5m (19 June 2012).
SNR Denton is set to merge with European firm Salans and Canada’s Fraser Milner Casgrain at the end of March (22 February 2013), when Salans’ London office will join the firm’s UK, Middle East and Africa LLP. Meanwhile, SNR Denton’s Moscow and Paris offices are joining Salans’ European LLP.
Earlier this week Salans reported a slight increase in firmwide revenue to just under €210m for the 2012 year (18 March 2013).
SNR Denton’s figures show that male attorneys at the firm outnumbered women by nearly two to one last year, with the firm recording 721 male lawyers but just 372 female attorneys during the year. Of this number 169 equity partners were men, while just 29, or 15 per cent, were women. This figure increased to 62 female non-equity partners in a total non-equity partnership of 289, meaning women represented 21.4 per cent of the non-equity partnership.
The firm’s partner promotions announced today (22 March) reveal an all-female promotion round, with restructuring and insolvency lawyer Zoë Thirlwell promoted in London, banking and finance lawyer Helen Simpson promoted in Milton Keynes, corporate lawyer Catherine Beckett promoted in Dubai and banking lawyer Sadaf Buchanan promted in Muscat.
In a statement Matthew Jones, the chief executive for SNR Denton’s EMEA region, said that the promotions “clearly demonstrate our continued commitment to diversity and equal opportunities.”
Under the newly merged Dentons brand the firm is set to have a headcount of more than 2,500 lawyers spanning 52 countries across Africa, Asia Pacific, Canada, Europe and Central Asia, the Middle East, the UK and the US.