The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
The majority of leading chambers have reported significant increases in this year's turnover. Fountain Court is leading the pack with a mammoth 32 per cent rise in fees to £25m. Brick Court has displaced One Essex Court as the set with the highest turnover. It is the first chambers to break the golden £30m mark, after an increase of 24 per cent. The set attributes this to a bumper year for all tenants and a slightly higher than usual recouping of aged debt. Fountain Court recorded the best year in its history after a slight dip last year after the loss of its highest-ranking silks. Its chambers contributions - the percentage of a barrister's earnings paid to chambers to cover overheads - also dropped this year to an all-time low of 14 per cent, around 2 per cent lower than last year. 3-4 South Square saw its turnover increase by 25 per cent to £15m, as it prepares for international expansion. Blackstone's turnover rose 13 per cent to almost £21m, and Essex Court and 3 Verulam Buildings had respectable increases of 10 per cent to £26.4m and just under £16m respectively. New commercial chancery set Maitland Chambers performed well by remaining static at £14.5m, despite three losses at its senior end to the bench and retirement. The largest commercial chancery set Wilberforce Chambers saw a comfortable £1m rise to £17m, and Crown Office Row reported 5 per cent growth, taking it past the £14m mark. One Essex Court, while continuing a run of big cases, fared less well with turnover remaining the same at around £25m. Chambers contributions have dipped from 12 per cent to between 10-11 per cent.