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.
Hogan Lovells legacy firm Lovells saw a marginal increase in turnover in the 2009-10 financial year.
Revenues rose 2 per cent to £542m, up from £531m in the 2008-09 financial year.
Lovells merged with US firm Hogan & Hartson on 1 May. When its 2009-10 turnover figure is added to Hogan’s 2009 figure the merged firm has a combine turnover of £1.2bn ($1.8bn), which elevates it above Allen & Overy in terms of revenue.
The magic circle firm posted a 4 per cent drop in the last financial year, down to £1.051bn.
Lovells has yet to finalise its average profit per equity partner (PEP) figure, although this expected to be up on last year’s figure of £586,000.
It is understood that in revenue terms disputes remains the firm’s largest practice area. The second biggest earner was corporate followed by finance.