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.
US FIRMS in Paris are gaining ground on their UK and French rivals, with White & Case and Cleary Gottlieb Steen & Hamilton posting turnover increases of more than 20 per cent.
In the past financial year White & Case boosted its revenue by 23.5 per cent to hit €65.9m (£44.58m) and Cleary by 20 per cent to reach €70m (£47.35m), according to figures compiled by French legal magazine Juristes Associés.
Meanwhile, Latham & Watkins saw turnover rise by 15 per cent. The firms took advantage of mixed fortunes for the French big-hitters in the Paris market.
French leader Fidal grew by just 4 per cent to €275.7m (£186.49m), while Gide Loyrette Nouel made €144.6m (£97.81m) after growing by 11 per cent. Rival Veil Jourde saw turnover drop by almost 7 per cent after multiple partner raids from growing US practices Mayer Brown Rowe & Maw and Gibson Dunn & Crutcher, which posted respective rises of 23 per cent and 28 per cent. Not all French firms had a mediocre year, though.
Slaughter and May best friend Bredin Prat recorded the biggest increase in the top 30, increasing its revenue by a third to €60m (£40.58m).
Darrois Villey Maillot Brochier recovered from a 9 per cent fall in turnover in 2005, recording a 27 per cent increase this year to reach €42m (£28.41m).