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.
Salans has defied the economic downturn to post a 16 per cent jump in turnover for 2008, passing the E200m (£179.37m) barrier for the first time.
Salans has boosted its revenue to E214.4m (£192.3m) – up from the E184.7m (£165.65m) haul the firm managed the previous year. Despite the turnover rise, the firm expects average profit per equity partner (PEP) to remain static at ;around ;E500,000 (£448,434).
Salans chairman Stephen Finch said: “It’s been a pretty satisfactory year this year, but 2009 is less certain. We’ve seen different levels of activity in different groups. Obviously the insolvency, regulation and dispute resolution groups have been very busy. But the corporate and banking departments have seen busier times.”
Salans operates on a calendar year basis and last year ditched the dollar and started billing in euros for the first time. Growth has slowed at the firm, which last year posted a revenue hike of 37 per cent.
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