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.
Niche insurance and litigation firm Kendall Freeman has reported a 44.3 per cent rise in profits in its first full year since the demise of DJ Freeman.
Profits per partner have risen from £185,000 to £267,000, while turnover has grown 11.2 per cent to £18.9m.
Kendall Freeman now has 20 partners, all of whom are members of the equity – less than half the size of DJ Freeman, which had a two-tier partnership of 45. The number of fee-earners has dropped from 130 to 60.
The firm is also paying all members of staff a 3 per cent bonus following the announcement of the rise in profitability.
Managing partner Laurence Harris described the firm’s figures as “a reflection of the strength of our practice areas and the immense hard work that everyone in the firm, from post room up to partnership, has put in to make the firm’s first year a success”.
Harris added: “We’ve been very pleased with our first year as Kendall Freeman and in particular with the way our clients have supported the change in business.”