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
An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
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).