The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
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.
UK revenue per partner/equity partner: £3.2m/£3.2m
Global revenue per equity partner: £2.8m
UK/global number of partners: 13/152
UK/global number of lawyers: 62/647
UK number of staff: 60
UK/global leverage ratio: 1:3.7/1:3.2
UK equity partner to staff ratio: 1:3.2
Equity structure: Merit-based. Partner distribution is decided annually by the firm’s executive committee, headed by chairman Rodgin Cohen.
Billable hours targets: None set.
Billing currency: Mixture of sterling, dollar and euro.
Cost of living details: The firm does not have secondees. Relocating US lawyers tend to stay on a permanent basis. The firm provides a lump sum allowance of between $40,000 (£24,500) and $50,000 (£30,500), this was reviewed in 2003 due to currency fluctuations.
UK-based lawyer remuneration: All lawyers are paid in dollars. The firm has a currency mechanism in place.