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.
UK revenue per partner/equity partner: £0.8m/£1.3m
Global revenue per equity partner: £1.2m
UK/global number of partners: 63(98)/426
UK/global number of lawyers: 258/1,249
UK number of staff: 550
UK/global leverage ratio: 1:3/1:1.9
UK equity partner to staff ratio: 1:8.7
Equity structure: Modified lockstep. Lockstep for first three to four years, after which there are another four levels with a larger performance-based element. From level eight onwards, the system is purely merit-based.
Billable hours targets: 1,600
Billing currency: 80 per cent sterling, 20 per cent dollar.
Cost of living details: N/A
UK-based lawyer remuneration: All paid in sterling.