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.
Olswang has released provisional figures that show an increase in turnover of around 9 per cent to £83m for the last financial year.
The figures are still subject to an adjustment for valuation of work in progress.
Average profit also still has to be finalised. However, sources suggest that average profit per equity partner is likely to increase by a similar 8-10 per cent to around £550,000.
An Olswang spokesperson said the firm's corporate and litigation groups had shown the most growth during the year, while the firm was "well positioned" for stronger growth in the year ahead, both domestically and internationally.
Last month Olswang appointed the firm's former international strategy partner David Stewart as managing partner, a move seen by many as a statement of intent in terms of its overseas ambitions.