The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Two more mid-size City firms are revealing strong year-end provisional figures as the financial reporting season gets underway.
SJ Berwin’s turnover has risen 9.5 per cent from last year’s £91.3m to just over £100m, with profits per partner predicted to soar by more than 30 per cent to approximately £510,000. The firm’s financial performance for 2003-04 is in marked contrast to its figures the previous year, where turnover dropped by some 4 per cent and average profits per equity partner (PEP), at £409,000, were the lowest since 1998.
SJ Berwin senior partner David Harrel said: “Our profits are on a U-curve. We made it our objective to jump back to where it had been [two years ago].”
Meanwhile, Lawrence Graham is also set to announce strong preliminary results. The firm’s revenue has risen 5 per cent to £57.6m, while PEP has broached the £400,000 barrier for the first time at £416,000 – an 11 per cent increase.