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.
What a relief. After months fielding calls about suing departing partners, Hammonds managing partner Peter Crossley can reveal a welcome piece of good news: turnover and profit both up at the year-end.
The tiny turnover increase marks a mysterious dissociation with the firm's Italian merger partner, despite talk of the resolution of an uneasy relationship (see story).
Average profit per equity partner (PEP) is up by a booming 23 per cent to £404,000 - a good result by any standards, even if it is inflated by a smaller number of equity partners.
As ever with Hammonds, everything is not completely rosy. The firm will still suffer the reputational fallout of its lawsuit against it own former partners and that could open all sorts of old sores.
But the 2006-07 year-end is a tangible sign of recovery at a firm that has had all too little to celebrate.