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.
North East firm Walker Morris saw average profit per equity partner (PEP) drop 27 per cent in 2008-09 on the back of a turnover drop of 8 per cent.
PEP dropped from £670,000 in 2007-08 to £486,000. Revenue fell from £48m to £44.2m.
Managing partner Peter Smart said: “While this reduction is disappointing we can’t defy gravity. It’s nonsense to believe that turnover and profits can rise inexorably year-on-year. We’re at least fortunate that we have above-average profitability and so even the reduced profit is reasonably healthy.”