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.
BLP, which reported a 40 per cent rise in PEP in 2004, from 303,000 to 425,000, is aiming to get it above the 500,000 mark. SJ Berwin is also expected to report bumper results, with an anticipated PEP of 500,000.
Research by Lawyer 2B's sister title The Lawyer reveals that, further down the pecking order,Addleshawsand Nabarros are aiming for a PEP figure of 400,000.
However, Pinsent Masons is bracing itself for flat results due to the costs associated with last December's merger between legacy firms Pinsents and Masons. The merged firm is expecting its PEP to be between247,000and 270,000, the same figures reported last year by Masons and Pinsents respectively.
The biggest City firms are predicting modest improvements in their year-end results. Herbert Smith is anticipating last year's PEP of 700,000 to increase by between 5 and 10 per cent. Allen & Overy and Clifford Chance, which reported PEP figures of 609,000 and 562,000 respectively last year, are hoping for a marginal uplift. However, PEP at Lovells is likely to fall below 500,000.