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.
Average profit per equity partner (PEP) at Newcastle firm Muckle dropped by a third in the 2007-08 financial year, the firm’s LLP results have revealed.
Muckle has traditionally declined to comment on its financial performance, but the firm’s LLP filing for the year ended 6 April 2008 reveals that PEP fell to £158,000 at the end of 2007-08, ;down ;from £230,000 the previous year.
The partner with the largest ;remuneration received ;£352,000, ;a decrease of 15 per cent from £411,000 the previous year.
The firm has laid off 14 staff during the current financial year, citing uncertain market conditions.