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.
Wales-based Morgan Cole has recorded a disappointing turnover for the second year running, while achieving a second year of increased average profit per equity partner (PEP).
The firm's 2006-07 financial results show turnover has remained static at the £29.3m recorded in 2005-06, which itself was down 5 per cent on 2004-05's figure of £30.7m.
Despite this, PEP has jumped up by a healthy 15 per cent to £195,000 from 2005-06's £170,000, which was an impressive 30 per cent rise on the figure of £130,000 in 2004-05.
Managing partner Elizabeth Carr said: "We're managing our business better: there is better delegation of work and better fee rates."
Carr said that the firm had acquired higher-paying clients and was no longer doing lower-paid work for existing ones. She added that the firm has already shouldered the cost of the Bristol office that was launched this year (The Lawyer, 16 April).