The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
A review of Linklaters’ final figures for the 2004/05 financial year has shown that average profits per equity partner (PEP) have risen by a staggering 25 per cent to reach £845,000, up from £674,000 the previous year.
This compares with indifferent results at Freshfields, where PEP increased 4 per cent to £700,000, up from £674,000 last year. However the firm’s turnover has slumped 0.5 per cent to reach £780m, down from £785m.
The financial results see the two firms switch places in the UK league tables based on revenue, with Linklaters soaring ahead with a 12 per cent increase in turnover to £805m, up from £720m last year.
Linklaters first reported an estimated 22 per cent rise in PEP in May, however this has been revised up following a strong second half of the year assisted in particular by the resurgent corporate department.
As a result, partners at the top of equity at Linklaters will receive £1.065m compared with last year’s figure of £864,000.