The Lawyer’s newest product is the most comprehensive overview of the Asia-Pacific legal market yet produced. With rankings of the top 100 local law firms by lawyer headcount as well as analysis of the leading 50 international players in the region, it is essential reading for anyone interested in the strategic future of the world’s fastest growing legal market
Mayer Brown London revenues up 8 per cent" />The London office of Mayer Brown managed to weather the economic downturn reasonably well in 2008, posting a revenue rise of 8 per cent to hit £111.6m.
Globally the firm saw revenues rise by 9.4 per cent to $1.29bn (£870m) although its average profit per equity partner (PEP) figure slumped 10.5 per cent to $1.11m (£760,000).
The firm declined to release profit figures for the London office.
The 2008 revenue figures compare favourably with the firm's 2007 performance, when global revenues were up by 9 per cent. The profit figure is a reversal of fortunes, however, with last year's PEP figure also rising by 9 per cent (14 February 2008).
In November Mayer Brown launched a redundancy consultation for 11 lawyers working in its London office. The move was part of a global cost-cutting drive which has seen 33 lawyers axed in the US.
To receive our free Lawyer News Daily news and comment email, click here. Or get the latest news, features and comment as it's published with our free RSS feed.