The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Freshfields has broken into the top two in the 2011 Hemscott Law Firm Rankings for the first time in the 20 years Hemscott has been keeping records thanks to the firm’s tally of top-level clients increasing from 15 to 23 in the past two years.
Its victim is Linklaters (previously Linklaters & Paines), the league leader when Hemscott launched its rankings in 1991. In fact Linklaters has dropped to third place with 22 FTSE100 clients, two down from last year and lagging behind Slaughters and Freshfields. That said, Linklaters still leads the pack when firms are ranked by market capitalisation or the profits of their clients.
Herbert Smith is also hot on the heels of the magic circle and is now just one FTSE100 company shy of Linklaters’ tally.
Allen & Overy (A&O) has made significant strides, increasing its roster of top UK clients sixfold, from three in 1991 to 18 this year.
Clifford Chance now has seven FTSE100 clients compared with four when the data was first gathered. And Ashurst’s (Ashurst Morris Crisp in 1991) roster has almost doubled over the 20-year period, rising from four to seven.
The evolution in the rankings suggests a gradual dispersal of top-end work from an establishment of four firms to a broader base of brands that includes A&O, Addleshaw Goddard, Ashurst and Clifford Chance.
It also highlights the dominance of corporate powerhouses over firms with top-notch banking practices such as A&O and Clifford Chance, both of which lag behind Freshfields, Linklaters and Slaughters.
Further down, a number of international and domestic firms pick up FTSE100 clients in single figures, while Scottish firm Morton Fraser Milligan (now Morton Fraser) and Stephenson Harwood are among those to have dropped off the list over the course of two decades.
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