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.
Litigation boutique Stewarts Law asked its equity partners for an extra £50,000 last year to fund the firm’s rapid and continuing expansion.
The firm, which has one of the highest average profit per equity partner (PEP) figures in the UK at £925,854, grew revenue and headcount rapidly last year on the back of the acquisition of niche litigation outfit Masseys in July and a number of lateral hires.
Managing partner John Cahill said the growth had been funded partially through a cash call, with each of the firm’s equity partners increasing their capital contribution from £200,000 to £250,000.
He added that an increase in conditional and contingency fee work had also prompted the cash call, as cases commonly lasted in excess of 12 months but with the firm receiving no fees for work until the disputes concluded.