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.
The April 2007 merger of Rising 50 firms Shakespeares Solicitors and Putsmans created a new player in the Birmingham legal market with 280 staff, including 44 partners, and combined revenues of £19.3m. In its final year as a separate firm Shakespeares saw its revenue grow by 6 per cent to £7.7m, while average profit per equity partner (PEP) was less impressive at £124,000. The firm blamed its relatively poor profit performance on a number of exceptional costs that hit the bottom line in its restructuring when preparing for the merger. The pre-merger Shakespeares was a commercial firm with a particular strength in private client, whereas Putsmans was best known for its defendant insurance practice. The merged firm also has a significant property practice. The merged firm is targeting a PEP of around £200,000 for the 2007-08 financial year.