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.
The results have revealed a £5.1m loss in the 26 weeks up to 5 July, a 66 per cent bigger loss than at the same time last year, when Co-operative Legal Services (CLS) posted a £3.4m loss. Half-year 2014 turnover stood at £13m, with a full year projection of around £23m.
CLS currently employs around 400 people, and some 75 per cent of that are fee-earners, making a revenue per fee-earner of £77,000. As we report today, while CLS was the first ABS to be approved by the SRA in January 2012, it’s fair to say that it has seen its performance plummet compared to the months after it was established, when it turned a profit of £700,000.
Then again, as with all good revolutions and their impact, maybe it’s simply too early to say.