The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Total no of fee-earners (including consultants, paralegals etc): 136
Total no of fee-earners (excluding consultants, paralegals etc): 105
Total no of staff: 231
Leverage ratio: 1:2.83
Equity partner to staff ratio: 1:4.13
Fee-earner to staff ratio: 1:0.7
Financial management: Exceptional costs for the current financial year include a £1.5m investment in IT, although 70 per cent of that amount will be amortised over eight years and the balance over three. The firm has an overdraft facility of £1.5m, although it tends to dip into this only occasionally, notably when salary and tax payments merge, such as happened in January.
Equity structure: The firm operates a meritocracy. As reported in The Lawyer (5 April 2004), Mishcon de Reya restructured its equity significantly at the start of the current fiscal year and now has 18 equity partners (the 23 figure is pre-restructuring).