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.
Clifford Chance has posted a 4.5 per cent drop in revenue for Germany ahead of the firm’s announcement of its global financial results next week.
The firm’s turnover for its three offices in Frankfurt, Düsseldorf and Munich has fallen from €198m in 2011/12 to €189m (£161m) in 2012/13, compared with €193.8m in 2010/11 and €179.5m in 2009/10 (23 June 2011).
The fee figure for the financial year to 30 April means its revenue per lawyer figure in Germany has dropped 3 per cent to €572,727 (£486,750) for 2012/13, down from €589,286 in 2011/12.
This is based on a 2 per cent decrease in the magic circle firm’s lawyer headcount in Germany, including partners, from 336 in 2011/12 to 330 in 2012/13.
One factor contributing to the revenue drop is the state of the German M&A market, which has seen an increase in deal volume but a general drop in overall transaction value.
Clifford Chance is set to unveil revenue and profit figures for its global network next Monday (8 July), with Asia-Pacific growth last year helping the firm post a 7 per cent increase in both revenue and average profit per equity partner (PEP) (3 July 2012).
Global fee income in 2011/12 was £1.303bn, with PEP at £1.1m and partnership profit at £431m.
Of its 20-strong partnership promotion round this year, three new partners were in Germany - two in Frankfurt and one in Düsseldorf (29 April 2013).