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.
Pensions boutique Sacker & Partners maintained its turnover during the 2008-09 financial year, although profit dipped slightly.
Turnover remained static at just over £21m while profit fell 3 per cent from £11.5 m to £11.2m. Plateau partners took home £1m while the firm’s average profit per equity partner (PEP) figure stood at £794,977, down from £881,830 in 2007.
The firm’s senior partner Ian Pittaway said profit had fallen because thefirm had spent more money on salaries and recruitment, adding that Sackers maintained a profit margin of 53 per cent.
He added: “Clearly conditions are tough in the legal marketplace but pensions remains high on the corporate agenda.
”There are plenty of robust debates around funding between struggling companies and their trustees and, sadly, benefit cutbacks for employees reflecting our more strait
A number of Sackers’ partners work on a part-time basis, meaning it has 14.1 full-time-equivalent equity partners.