The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Linklaters has continued to resurrect its financial performance, reporting a 16 per cent increase in revenues during the first half of the financial year.
The magic circle giant claims to have made £438m in billings during the first six months, compared with £376m for the same period during the 2004/05 financial year.
If the firm was able to maintain this level of growth, it would put it on track to report total revenue of £933m at the end of the 2005/06 financial year.
However, a spokesman for the firm said it would be difficult to maintain the same level of growth during the second half of the year, because of its particularly strong second half during 2004/05.
The increase in revenues during the first six months consolidates the firm’s successful 2004/05 year, when the average profits per equity partner (PEP) leapt 25 per cent to £843,000 and turnover increase 12 per cent to £805m.
The increases reversed the firm’s disappointing results for 2003/04, when PEP slumped 8 per cent from £734,000 to £674,000