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.
US firms are preparing their partners for sinking revenues as they take stock of their financial progress at the half-year stage.
As reported by The Lawyer (24 March), US firms had their best year ever in 2007, with the top 50 firms generating a collective revenue of $46.8bn (£23.4bn).
Business has been far harder since the start of the year, with Skadden Arps Slate Meagher & Flom managing partner Bob Sheehan warning the partnership in January to expect a 10-20 per cent decrease in full-year finances. While he said the year is likely to be better than expected, Sheehan refused to confirm whether revenues were currently up or down.
The picture is similar at other firms. A Latham & Watkins source projected a dip in income for the first half of 2008, while Sullivan & Cromwell is preparing itself for a 5 per cent drop in turnover at the year-end.