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.
Total no of fee-earners(including consultants, paralegals etc): 2,500
Total no of fee-earners(excluding consultants, paralegals etc): 2,000
Total no of staff: 5,000
Leverage ratio: 1:3.92
Equity partner to staff ratio: 1:6.41
Fee-earner to staff ratio: 1:1
Financial management: A mixture of slow-paying clients and the installation of a multimillion-pound SAP system (resulting in clients not being billed for some months) resulted in longer WIP and delayed partner profit distributions during the first six months of the year. Despite these not insignificant hitches, Linklaters says that its financial management was back on track by year-end.
Equity structure: Ten-year lockstep. Bottom of equity starts on 10 points with each step worth 1.5 points, culminating in 25 points at plateau.
Billable hours targets: None
Key clients: BP, Lloyds TSB, Royal Bank of Scotland, Vodafone.