The Lawyer Asia Pacific 150 is the only research report to provide a ranking of the top 100 independent local firms and top 50 global firms in the region. The report offers critical review of some of the fastest growing firms and their strategies, a country-by-country guide to leading legal advisers and legal services market trends, plus exclusive insight into the current business development opportunities in the Asia Pacific. 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.
UK law firms made an estimated £1.2bn from the private equity sector last year, according to new figures released by the British Private Equity and Venture Capital Association (BVCA).
A number of high-profile takeovers were completed in 2007, including the Kohlberg Kravis Roberts-backed management buyout of Alliance Boots - the first time a FTSE100 company had fallen prey to private equity.
Travers Smith head of private equity Charles Barter said: "It was our record year - more deals and bigger total value than ever before."
Law firms were among the top three fee-earners within private equity, taking home £1.2bn out of a total of £5.4bn generated across the financial services sector. But with a tougher economic climate in 2008, City firms are bracing themselves for a slowdown.
Barter said: "I still think we're going to be busy in the short term - for the next two or three months. After that it's difficult to say."
Macfarlanes corporate partner Ian Martin said the credit crunch was starting to have an impact on larger private equity deals, but that he nevertheless remains confident.
"Confidence has gone out of the market," he said. "There's plenty of money in the private equity funds, but less leverage available.
"Last time we had a downturn in private equity was at the turn of the century. We were lucky with the clients we looked after - we were quite busy. Those clients are still around."