The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
A total of 12 firms saw their most senior partners take home an equity share in excess of £1m in the last financial year, while just three firms posted an average earnings per partner (EPP) figure of more than £1m.
In contrast, seven firms posted average profit per equity partner (PEP) figures of more than £1m, while a dozen firms recorded £1m or more for remuneration allocated to partners at the top of the equity.
Last month Slaughters senior partner Tim Clark hailed the EPP measure introduced by The Lawyer as "a better comparator" than PEP, as it was less susceptible to distortion through a firm's approach to its equity.
The table published today highlights this distortion, revealing the proportions of full equity and non-equity partners at some of the UK's largest firms.