The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
UK revenue per partner/equity partner: £1.3m/£1.3m
Global revenue per equity partner: £1.7m
UK/global number of partners: 13/122
UK/global number of lawyers: 41/592
UK number of staff: 40
UK/global leverage ratio: 1:2.1/1:3.8
UK equity partner to staff ratio: 1:3
Equity structure: Mixture of modified lockstep and merit-based. Partners begin on a fixed share.
Billable hours targets: None set.
Billing currency: Split between sterling and dollar.
Cost of living details: In 2003, three US lawyers on secondment to the UK. The firm has individual arrangements for ex-pats.
UK-based lawyer remuneration: Partners and associates can choose between dollars or sterling. Typically, US lawyers elect for dollars and UK fee-earners for sterling, although some lawyers chose to be paid half-and-half in each currency. The firm hedges against currency fluctuations.