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.
Birmingham-based giant Wragge & Co is on budget at the financial mid-year, managing partner Quentin Poole revealed last week.
Poole predicted an increase in turnover of between 7 and 10 per cent when the figures are finalised later this week, meaning the firm is on course to record a turnover of between £110m and £112m at the financial year-end.
Poole continued: "Profit will be up as well, but this is more difficult to calculate as we have to allocate overheads. But total profit has increased 5-10 per cent on the financial year-end."
Poole attributed the growth to solid performances across the board rather than to any particular practice group, and highlighted Wragges' focus on winning "bigger deals from bigger organisations".
He added that the firm is also on track to reach its target of growing the public sector group's revenue to 25 per cent of total revenue, as first reported by The Lawyer (2 October).
"Five years ago turnover for the group was 3-4 per cent - now it's 15 per cent and growing," he said.
Significant public sector client wins in the past two years include the Department of Health, the Ministry of Defence and the Department of Trade & Industry.