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.
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.
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