The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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.
UK revenue per partner/equity partner: £1.3m/£1.7m
Global revenue per equity partner: £2m
UK/global number of partners: 31(41)/238
UK/global number of lawyers: 173/1,552
UK number of staff: 151
UK/global leverage ratio: 1:4.5/1:5.5
UK equity partner to staff ratio: 1:4.8
Equity structure: Modified lockstep.
Billable hours targets: 1,700
Billing currency: 55 per cent sterling, 40 per cent dollar, 5 per cent euro.
Cost of living details: In 2003, six lawyers on secondment in the UK. No cost of living allowance, but US associates in London are given a package of temporary accommodation for four weeks and payment for shipment of personal effects. US partners are also offered a relocation package.
UK-based lawyer remuneration: Equity partners and some contract partners are paid in dollars. Others are paid in sterling.