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.
UK revenue per partner/equity partner: £1.4m/£1.4m
Global revenue per equity partner: £1.9m
UK/global number of partners: 26/288
UK/global number of lawyers: 91/1,421
UK number of staff: 108
UK/global leverage ratio: 1:2.5/1:3.9
UK equity partner to staff ratio: 1:4.1
Equity structure: Merit-based.
Billable hours targets: None set.
Billing currency: Majority in sterling with small percentage in dollar.
Cost of living details: In 2003, there was one lawyer on secondment in London. US associates receive an ex-pat package and cost of living adjustment.
UK-based lawyer remuneration: US associate pay is denominated in dollars, but is converted into sterling. Associates choose at the beginning of the year to be paid at an average five-year rate, which is $1.5, or a “spot rate” (a rate taken on a specific date).