The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
Buried among all the hoo-haa about the mega-growth Norton Rose has achieved recently through its plan of global bolt-ons is a trend in the opposite direction.
Slowly but surely the firm’s Middle East offices looks to have been steadily shrinking, a trend highlighted by the exit of four partners across banking, corporate and projects in Abu Dhabi and Dubai to three US firms in 2011and a bunch of departing lawyers in Bahrain.
Now it appears the UK firm is looking to ‘offload’ the problematic outposts onto its latest best chum, Fulbright & Jaworski, with which it is due to merge in the summer.
Now, when we say ‘merge’, that does of course open a can of worms. Opinion remains divided over whether the Swiss Verein deals where profits aren’t shared count as the real deal.
In this case it looks as if Norton Rose will get to bulk up its global revenue figures but avoid any dilution of profits by reallocating its Middle East network into the US LLP of Norton Rose Fulbright.
It looks like a neat bit of ring-fencing, though it’s not yet clear quite how well this spot of chair shifting will go down at Fulbright.