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.
Penningtons has seen a continued increase in turnover and net profits this year, with fee income hitting £21.2 million and net profits rising to £4.4 million. Fee income was up a total of 14.6 per cent, with net profits rising 11 per cent. However, profits per equity partner fell from £140,000 to £120,000 after the firm last year extended its equity partnership from 20 partners to 37. Total number of partners is up by two on last year to 59. Property was the strongest performing area for the firm, bringing in approximately 35 per cent of overall fee income. Managing partner Lesley Lintott said: "This is an excellent performance in difficult trading conditions."