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.
Shearman & Sterling's London office is by far the biggest biller of the top-five US practices in London, according to research by The Lawyer.
In the first ever turnover survey of the five largest London offices of US firms, Shearmans reveals a much larger turnover for 2000 than its rivals. Its lawyers billed £7.3m more than those of its nearest competitor Weil Gotshal & Manges, which had a £37.7m turnover. At £45m, this is £2m more than UK firm Theodore Goddard's entire turnover. Most significantly, the office's fees per fee-earner for 2000 hit £437,000, outstripping even Slaughter and May's figure for 1999-2000 of £401,000. And Shearmans' London office has grown from 103 lawyers this time last year to 126. White & Case is understood to have billed £21m for 2000, but that figure is low because Maurice Allen's banking team did not join from Weil Gotshal & Manges until half way through the year. Weil Gotshal's turnover jumped from £28.8m for 1999 to £37.7m, an increase of 31 per cent, despite the departures to White & Case.