The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Memery Crystal has boosted its turnover by £1m this year to hit £13.9m, but average profit per equity partner (PEP) inched up by just £2,000 to £520,000 after a slower year on its key market, AIM.
The revenue rise is equivalent to 8 per cent, but the final figures are yet to be audited because the firm converted to an LLP this year.
Memery Crystal managing partner Harvey Rands said: "We've seen revenue rise with a variety of activities. The AIM market was a bit more difficult, but we had more corporate and M&A. Our other areas, such as litigation, employment and IP all contributed."
The firm has invested in new IT and practice management systems and blamed the increased costs for the small increase in PEP.