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.
Telecoms specialist Rakisons and US firm Steptoe & Johnson will merge on 31 December.
The two firms had been locked in talks for several months. The UK practice will be known as Steptoe Johnson Rakisons for the first year, after which Rakisons will be dropped from the name. The US firm will not change its moniker.
Steptoes chairman Lon Bouknight, who will be chairman of the merged firm, confirms that there will be full profit-sharing. Rakisons senior partner Tony Wollenberg, who declined to comment, will be London managing partner.
Washington-based Steptoes has offices across the US. This is its first foray into London and Europe. The firm had a turnover of $119m (£83.7m) and profits per partner of $435,000 (£306,000) last year. It is understood that while 16-partner Rakisons has similar partner profits, its turnover is considerably less.