The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
Norton Rose has increased its turnover by 25 per cent, while profits soar by 34 per cent on last year's figures.
Turnover this year has been estimated at £175m and profits at £79m, increasing average profits per partner from £454,000 to £527,000. The banking team has done particularly well, increasing its turnover by 37 per cent.
Within the banking group, asset finance increased its profitability by over 37 per cent and consolidated its relationship with P&O, Stena Line, KLM and easyJet, and HSBC, Chase and Lombard on the banking side.
Acquisition finance partners Andrew Bamber and Tim Polglase are thought to be the highest and second highest billing partners respectively.
Chase and the Royal Bank of Scotland are the clients providing the bulk of the increase.
The international offices have also had a good year, increasing their turnovers in line with the overall figure.
The City office accounts for roughly 80 per cent of the firm's turnover.