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.
Wragge & Co managed to strip out £6m of costs over the 2009-10 financial year as a result of a £4m reduction in staff costs.
Staff costs fell to £40.4m in 2009-10 from £44.1m the previous year. This was largely as a result of a fall in wages and salaries, which contracted by £3.2m to £35.4m, according to LLP accounts filed with Companies House.
The total number of employees fell by about 10 per cent over the period to 916. However, the total number of partners at the firm remained broadly consistent, dropping by just one to 110.
Audited turnover for the firm was £98.3m, down from £105.8m in 2008-09. Around a third of this was turned into profit.
The partner who received the highest profit share during the year took home £444,000 - a nine per cent decrease on the top-of-equity figure for the previous accounting period.