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.
South East firm Stevens & Bolton has recorded profit per equity partner (PEP) of £280,000, one of the highest PEP figures in the region.
The figure is an increase of more than a fifth on last year's £230,000 and puts the firm ahead of regional rivals.
Turnover increased by a more typical 12 per cent, from £11.3m to £12.5m.
Managing partner Richard Baxter attributed the high PEP to organic growth and said 2005-06 was a strong year for the firm's corporate team, with growth in its employment and pensions and dispute resolution groups.
Referring to a "PQE gap", Baxter admitted that the firm has only promoted one associate in the past 12 months, namely real estate lawyer Andrew Steele.
However, Baxter added that the gap has now closed and that there will be a greater number of promotions in 2006-07.