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.
LONDON-based Russell-Cooke has posted an 11 per cent rise in turnover to £23.7m for the last financial year, which ended on 30 June.
Average profit per equity partner at the all-equity firm stood at £220,000, while net profit was £9.2m, a margin of 38 per cent.
This is the first time Russell-Cooke has publicly reported its figures, a decision the firm’s chief executive Philip Hill said was based on its increased size.
“We’re proud of the growth we’ve achieved, but recognise that with it goes some responsibility,” said Hill, who added that the firm had converted to an LLP.
Hill said the most significant financial growth over the past year had come from the firm’s 14-partner property group, which contributed 33 per cent of revenue.
He added that the biggest revenue generator overall, at 36 per cent, was litigation.
The group also includes criminal, which hit the headlines earlier this year when head of the group Jae Carwardine successfully represented Court of Appeal judge Sir Stephen Richards on charges that he had exposed himself on trains in South West London last year.