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.
Birmingham-based Wragge & Co has boosted turnover by 11 per cent, from £101.3m last year to £112.6m. The firm's year-end financial results also revealed that average PEP was £410,000, up by less than 4 per cent from £395,000. Total profit is up by 9 per cent, from £41m to £45m, while the profit margin has remained stable at a respectable 40 per cent. Senior partner Quentin Poole said Wragges has an all-equity partnership and claimed: "Our £410,000 PEP would be about £100,000 more per partner in a firm with a 20-30 per cent non-equity partnership, or £200,000 for a firm with 60-70 per cent non-equity." He said the odds of appointing non-equity partners in the next three years were "50 to one against".