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.
SJ Berwin has been hit hard by a recent dearth of corporate work, seeing its turnover dip by 5 per cent and its profits drop by around 20 per cent.
The firm brought in £91.3m in total income last year, compared with £96.1m the previous year. Although profits per equity partner have still to be confirmed, senior partner David Harrel said he expected last year's figure of £528,000 to drop by 18-20 per cent. It is the third year running that the firm has seen a drop in partner profits.
Those at the top of equity could be taking home between £170,000 and £190,000 less than last year's £840,000, with those at the bottom expected to get between £190,000 and £200,000.
Harrel said that, despite the lower figures, he was still very pleased with the result, adding that the number of aborted deals that the firm had worked on contributed to the bad result.
"Our luck deserted us," he said. "We had more matters aborted than we've ever had before."
Overseas, the Spanish office saw a drop in turnover, with Paris continuing to grow and Brussels remaining flat.
The German office, whose results are not included in the firm's announced figures, also had a flat year. Partners there brought in total fee income of £11m, taking the overall total to £102m.