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.
Bristol headquartered Osborne Clarke has seen significant falls in both turnover and profitability during the last financial year.
The firm’s 2008-09 results show that turnover dropped 12 per cent from £95.3m to £84m, while average profit per equity partner (PEP) plunged 36 per cent to £352,000.
Managing partner Simon Beswick (pictured) put the fall down to adverse market conditions, adding: “As a strong mid-market transactions business, our results this year obviously reflect the wider downturn in the market, particularly when compared to the strong deals market in 2007-08.”
The corporate, banking and real estate practices were particularly hard hit.
However, the firm’s litigation practice was up on last year and the employment, pensions and incentives group grew by seven per cent.
In Europe, the German office saw turnover rise to €17m (£14.58m) and now makes up 17 per cent of the firm’s total revenues.
Osborne Clarke has offices in London, Bristol and Thames Valley, as well as in Munich, Cologne and in Palo Alto, California.