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.
Scottish heavyweight Shepherd+ Wedderburn has posted a 13.4 per cent increase in revenues for the year 2003-04, with annual income rising from £25.6m to a record £29m.
New Shepherd+ Wedderburn chief executive Patrick Andrews, who took over as firm head from Paul Hally last week, said the changes were in line with the firm’s strategy of building longstanding relationships with UK-wide clients. “We’ve added around 300 new commercial clients in the last year which includes one-off instructions and those that we see as potential longstanding relationships,” said Andrews. “The financial results are largely in line with our expectations and reflect our continued support for our existing client base.”
Andrews said the firm’s commercial property, litigation and pensions groups had performed particularly well, while corporate had had a “lacklustre” year. He was, however, optimistic that the latter group would be no more than £100,000 off budget once the figures had been finalised. Andrews refused to comment on the firm’s profits performance but indicated a slight rise was expected. In 2002-03 average profits per equity partner at Shepherd+ Wedderburn stood at £194,000.