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.
Travers Smith has staged a stunning financial recovery, with revenues projected to be £72m for the 2009-10 financial year.
This represents an increase of 12 per cent from last year’s turnover of £64.5m, although the firm has yet to recover its record performance of 2008, when it posted £81m in revenues.
Travers’ average profit per equity partner (PEP) saw an even more dramatic rebound, from £460,000 to £705,000 - an increase of 53 per cent. In 2008 its PEP stood at £755,000.
Managing partner Andrew Lilley said: “The improvement in our performance, compared with the preceding year, reflects the fact that we were fortunate to have a good run from around October 2009 leading to increased levels of activity across the firm, in particular our private equity, finance/restructuring and litigation teams.”