The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
City firm Simmons & Simmons has announced a rise in turnover of 12.6 per cent to £176.9m, but is set to post average profits per equity partner of around £300,000, representing a drop of some 20 per cent. It is the second year in a row that average profits have fallen. In 2002 they fell to £375,000 from 2001's high of £412,000. Senior partner Janet Gaymer told The Lawyer: "It's as expected. We invested in new offices Tokyo, Düsseldorf, Frankfurt and Madrid knowing it would affect our short-term profitability." Gaymer denied that the drop in net profits would put paid to further expansion. She said: "We intend to invest for the future and to complete our network."