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
An exhaustive analysis of the UK market including every firm in the top 200 ranked, analysed and benchmarked, UK chambers ranked by turnover, revenue per barrister and which international firms are most active in the UK.
Macfarlanes has posted is financial results for the 2010-11 financial year, with turnover increasing 2.5 per cent from £92.4m to £94.7m.
Partners enjoyed a 6 per cent increase in average profit per equity partner (PEP), with the figure up from £710,000 to £752,000.
The results make better reading than last year, when the firm posted a 6.7 per cent drop in turnover and a 4.5 per cent decrease in PEP for the 2009-10 financial year.
Corporate was the biggest contributor in 2010-11, accounting for 38 per cent of income.
Finance made up 18 per cent of revenue, property 16 per cent and litigation and private client both 14 per cent.
Senior partner Charles Martin said: “I would say overall it’s been a satisfactory year. We’re a transactional practice and transactional work’s still a tricky market. We’ve got some work to do but we’re relatively happy.”