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.
Watson Burton cracks £700,000 PEP barrier" />Watson Burton has posted its highest-ever profit and turnover results, putting it well clear of its regional competition and ahead of most national rivals. Average profit per equity partner (PEP) for 2005-06 was up by 38 per cent, from last year's £515,000 to an astonishing £712,000.
The Newcastle firm posted a turnover of £22.9m for the financial year ending 30 April, up a mammoth 42 per cent from £16.1m this time last year.
Managing partner Andrew Hoyle said: "We're certainly pleased. The figures are down to several things: we've had a good year, have efficiently managed our overheads and have had particularly good results."
Citing good performance across the board, Hoyle also highlighted growth in the firm's corporate and construction practices and the success of the 10-partner Leeds office, which opened last June.
The past year has also seen the firm grow its partnership by 50 per cent, from 26 to 39, seven of whom are full equity.
However, Hoyle predicted that PEP will dip next year due to planned investment.