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.
Freshfields has dropped the number of annual partner promotions by a third and has continued to shun London lawyers in favour of its overseas offices.
Last year the firm made up 17 of its lawyers to partner level, while this year the number is down to 11.
Only four in the London office have joined the list with the other seven coming from Bangkok, Beijing, Brussels, Hong Kong, Paris, Singapore and Washington. In 1998, the majority of partners came from London, while four European lawyers made the grade and there were three new partners in Asia.
An outside observer, who used to work for the firm, says he is shocked at the low number being made up. "This is the lowest number of new partners for several years, I believe. I am especially surprised that only one was made up in the London corporate department.
Freshfields denies there is "anything sinister" in the lower number. "London is a maturer practice than our international offices so there is less need to make up more partners," says a spokesman.
Meanwhile Ashurst Morris Crisp is also one of the first to announce new partners with a list of six, the same number as last year.