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.
Firmwide, White & Case had an outstanding year, with turnover jumping by 13 per cent to £644.02m and average PEP by a very healthy 21 per cent to more
But the London office put even these impressive results in the shade by announcing a staggering 67 per cent hike in PEP to £693,000 and a 38 per cent increase in turnover.
All practice areas grew, according to London senior partner Peter Finlay. Notable instructions in 2006 included advising the banks on the £7.4bn financing for the cash portion of Mittal Steel’s £17.6bn acquisition of French rival Arcelor.
The dramatic results are due partly to a poor performance in 2005, which was a result of an expensive office move and a lateral hiring spree.
Not that this has abated in 2006, with some notable partner hires in London including new co-head of corporate Philip Broke from Ashurst.