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.
UK revenue per partner/equity partner: £2.1m/£2.1m
Global revenue per equity partner: £2.2m
UK/global number of partners: 25/203
UK/global number of lawyers: 122/998
UK number of staff: 125
UK/global leverage ratio: 1:3.8/1:3.9
UK equity partner to staff ratio: 1:5
Equity structure: Modified lockstep, with 11 steps, the majority of partners plateau at step nine. Progress through first three steps is automatic.
Billable hours targets: None set.
Billing currency: Majority sterling, small percentage dollar and euro.
Cost of living details: Six partners and 15 associates on secondment in London. US associates are offered a housing allowance, a lump sum towards change in living costs and a provision that is adjusted to cover foreign exchange movement.
UK-based lawyer remuneration: All partners are paid in dollars. UK associates receive sterling. US associates are paid in dollars with the cost of living allowance adjusted to cover fluctuating currency conditions.