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.
Nabarro’s average profit per equity partner (PEP) has risen 4.4 per cent after the firm admitted earlier this year that it had been “actively managing the partnership” to boost that figure.
Average PEP at Nabarro for the 2011-12 financial year was £332,000, up 4.4 per cent on 2010-11’s £318,000. That figure is still some way off the 2007-08 high of £600,000.
Earlier this year Nabarro announced that its turnover for 2011-12 was up by less that 1 per cent on 2010-11, rising from £112.6m to £113.4m. At the same time the firm’s senior partner Simon Johnston admitted that the firm had been cutting equity partner numbers in a bid to boost average PEP numbers (28 May 2012).
At the time Johnston said: “In common with other firms, we’ve had to make some difficult decisions because of the ongoing economic uncertainty and, of course, some partners have left who we would rather have stayed. However, as part of a more active approach to our strategic priorities and on the back of our results, we’ll continue to invest in our partner and fee-earning teams.”
As a result the firm had 14 fewer equity partners at the end of the 2011-12 financial year than it did at the same point in 2010-11, with the number falling from 87 to 73.
The firm has also released its equity spread for the 2011-12 financial year, with the top of equity receiving £513,000 and the bottom receiving £204,000.