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.
Norton Rose has seen its profit per equity partner (PEP) break the £500,000 mark for the first time.
The top 20 firm has recorded a 15 per cent profit hike, which has produced a PEP rise to reach £512,000. Its turnover has also grown by 11 per cent on last year's figure, increasing to £230m, as first revealed on www.thelawyer.com (21 May).
The firm has boosted PEP despite considerable investment worldwide, with nine new offices and a data recovery centre based outside London this year.
Norton Rose chief executive Peter Martyr said: "I'm pleased this year as we've seen reasonable growth considering our growing investments, with nine new offices and the London move, which is two-thirds of the way through."
He added that there has also been much investment in people during the past year, with the firm promoting 22 internally and making 19 lateral hires.
Martyr added: "With these people-added costs it's been a pleasing year and we expect the investment to show through again in next year's figures."