The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
Turnover: £103.4m Profit per equity partner: £327K Earnings per partner: £174K Equity spread: £240K-£336K Net profit: £12.4m Profit margin: 12 per cent Revenue per fee-earner: £146K Revenue per lawyer: £297K Revenue per partner: £994K Revenue per equity partner: £2.59m Total number of fee-earners: 707 Total number of qualified partners: 348 Total number of partners: 104 Total number of equity partners: 40 Total number of female partners: 32 Total number of female equity partners: 7 Total number of staff: 1,481 Leverage ratio (equity partners/fee-earners): 1:7.7
INTERNAL PROMOTIONS 2006-07: Real estate 1, corporate 3, litigation 2 2005-06: Insurance 4, real estate 4, employment 2 2004-05: Real estate 3, construction 2, litigation 2, insurance 1, employment 1, corporate 1
LATERALS 2006-07: Real estate 2, corporate 3, construction 1, personal injury 1, tax 1, litigation 1, finance 1, employment 1 2005-06: Corporate/commercial 3, real estate 1, IP 1, private client 1, employment 1, shipping 1, litigation 1 2004-05: Corporate/commercial 2, real estate 2, insolvency 1, pensions 1, health/safety 1
Intake as percentage of partnership: 28.3 New female partners as percentage of intake: 23.5 Equity structure: 40 equity partners, 20 non-equity Practice area(s) most heavily promoted: Real estate-related, corporate/commercial *Figures supplied relate to the calendar year
Shoosmiths is a firm that is not afraid to add to its partnership, and if you are a commercial property or corporate lawyer – especially one based in Birmingham or Reading – your chances of promotion are high – unlike colleagues in the IP/IT, marine, personal injury or private client teams. Over three years the firm has made up 26 partners, 10 of whom were in property-related disciplines. This compares with 27 lateral hires, six of whom were in property-related sectors and eight in corporate/commercial.