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.
Linklaters has posted revenues of £410m to take the number one position in London, overtaking Clifford Chance for the first time. Its UK figures represent an 8.3 per cent increase on last year’s results after a year when Linklaters’ corporate practice saw a dramatic recovery. Clifford Chance saw steady growth, with London revenues up four per cent to £402m. However, Allen & Overy (A&O) and Freshfields both saw their London turnover drop. A&O’s City revenues dropped from £363m to £358m. Freshfields had the most disappointing results in London. Revenue fell six per cent from £341m to £320m. The best performer in London by some margin was Slaughter and May, which posted a revenue rise of nearly 20 per cent to £257m, again powered by its M&A business. Transatlantic firms also made a strong showing. Fourteen out of the top 50 London firms by revenue are US-headquartered. Leading the transatlantic pack and 16th largest by London revenues is Baker & McKenzie at £92m, followed by Mayer Brown Rowe & Maw. MBRM, which posted static revenues of £79m this year, is now the18th-largest firm in the City. For more on this story, see The Lawyer UK100 Annual Report, published on 5 September.