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.
Edinburgh-headquartered Shepherd & Wedderburn’s turnover fell by 7 per cent in the 2008-09 financial year, with average profit per equity partner (PEP) dropping 26 per cent.
At the end of the year the firm’s turnover stood at £39.6m, down from £42.6m, while PEP fell from £311,000 to £230,000.
Chief executive Patrick Andrew said: “We, along with many other businesses, have faced a challenging year, particularly in areas such as real estate and capital markets, which have been hit hardest by the financial crisis and resulting recession. Our real estate and corporate finance practices have held up well and we have had some notable successes in other areas.”