The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Olswang fees up 4 per cent at half year stage" />Olswang has posted growth of four per cent for the first six months of the 2008-09 financial year.
The firm brought in revenues of £44.4m over the period compared with £42.6m during the same period last year. At the end of the 2007-08 financial year its revenue stood at £92.9m.
Chief executive Kevin Munslow (pictured) said: "Our results for the first half of the year are a reflection of particularly robust performances in the litigation and commercial groups, and the Brussels office."
Both litigation and commercial have surpassed budget, growing by around 10-11 per cent each. However, real estate and corporate have not grown.
Munslow said: "Olswang remains well positioned as we look ahead to the second half of the year supported by investments made in all of the firm's practice groups, including an outstanding media team in the Berlin office, and further high quality competition and new IP capability in the Brussels office."
The firm is budgeting growth of between five and six per cent for the full year. Senior partner Mark Devereux said: "We're monitoring our underlying activity levels on a day-to-day basis and they are consistent with the first half."
Utilisation rates are understood to be slightly lower than at the same time last year.