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.
Lovells has bounced back from its woeful 2004-05 financial results after reporting a 30 per cent leap in average profit per partner at the half-year stage.
The firm has seen its turnover jump by about 10 per cent from £160m to £176m at the six-month stage. This leaves Lovells on track to correct the dismal results, when PEP plummeted 21 per cent to £427,000 and turnover dropped 3 per cent to £366m.
Since taking office last November, Lovells managing partner David Harris has tackled the firm's decline in profit head-on.
Last December the firm pushed through one of the biggest redundancy packages ever witnessed at a City law firm. This was followed by a major shift in the way the firm reports financial information internally to partners.