UK/global turnover: |
£92m/£707m |
UK/global PEP: |
£445,000/£375,000 |
UK/global revenue per lawyer: |
£382,000/£267,000 |
UK revenue per partner/equity partner: |
£1.28m/£1.6m |
Global revenue per equity partner: |
£1.2m |
UK/global number of partners: |
72/1,063 |
| UK/global number of lawyers: |
241/2,648 |
| UK number of staff: |
687 |
| UK/global leverage ratio: |
3.3/3.3 |
| UK equity partner to staff ratio: |
12.3 |
THE LONDON office of Baker & McKenzie
(B&M) had a storming year, with revenues
growing 9.5 per cent from £84m to £92m and
PEP up an astonishing 32.8 per cent, from
£335,000 to £445,000.
Perhaps the most potent sign of the firm's
momentum was the capture of a Norton Rose
four-partner securitisation team. This should
hike revenues by up to £5m next year, depending
on exit negotiations.
Corporate and finance drove the growth.
The former's biggest client is BP, while on the
finance side it was the acquisition finance team
that was the main driver of growth, with clients
such as EQT. The UK office remains relatively
stable, while Asia has not provided many recent
referrals, although the firm did advise the
Shanghai Motor Company on the Rover deal,
while Sony remains important in London.
Much of the referrals come from
Germany, where B&M is strong, especially
in private equity, and the US. Europe and
the Middle East account for 42 per cent of
global revenue, while North and Latin
America account for just 34 per cent. Asia
contributes 24 per cent. |
