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.
Allen & Overy (A&O) and Simmons & Simmons lead the revenue per lawyer (RPL) table off the back of combined increases in turnover and reductions in lawyer numbers.
Simmons boosted its RPL to £375,000 by reducing lawyers by more than 150 and hiking revenue to £227m. Now employing few more than 500 lawyers, Simmons has one of the leanest business models of the UK top 20. A&O achieved a similar increase by upping turnover by £70m and shaving lawyer numbers by around 100 to just under 1,900.
DLA Piper leads the chasing pack with a 28.8 per cent rise in RPL. But adding almost 100 lawyers to its army of more than 1,500 has kept the firm's RPL figure down to £226,000 - around half that of Shearman & Sterling's.
The table reflects the UK market's recent focus on productivity, making London one of the most competitive places for a law firm.