The Last Word: The values are everything

The Last Word: The values are everything

Law firm leaders discuss the challenges of putting values on their corporate agenda and how to balance purpose with the profit motive Heads out of the sand ‘Most firms realise the importance of values. I don’t think I’ve spoken to a single managing partner who isn’t doing these things. There are two basic drivers – …

Top ranked stories in September and October

Top ranked stories in September and October

Linklaters mourns death of M&A partner Iain Wagstaff (6 September) Linklaters partner Iain Wagstaff died at the age of 44 following a cycling accident.   A&O loses M&A heavyweights to Skadden following failed US merger talks (12 September) Allen & Overy lost two well-respected City corporate partners just days after its merger talks with O’Melveny …

Significant hires

Significant hires

Allen & Overy (A&O) suffered another significant loss with the departure of litigation partner Marc Florent to Baker McKenzie. Florent is experienced in banking disputes, particularly in the wholesale and retail banking areas, asset management, funds and sponsors on cross-border matters. A&O also lost its head of fraud Mona Vaswani to US rival Milbank, Tweed, …

LB100 2019: Methodology and notes

LB100 law firms The firms that appear in the Legal Business 100 (LB100) are the top 100 law firms in the UK (usually LLP partnerships but also some alternative business structures – see footnotes), ranked by gross fee income generated over the financial year 2018/19 – usually 1 May 2018 to 30 April 2019. We …

LB100: Partner earnings

Top 50 firms ranked by highest top of equity 1-50* Equity partners:non-equity partners % of partners that are equity partners PEP Equity spread 1 Fieldfisher 83:292 22% £800k £250k to £4,300k 2 Slaughter and May 102:7 94% £2,895k £1,780k to £3,650k 3 Hogan Lovells 529:262 67% £1,039k £320k to £3,200k 4 Clifford Chance 394:168 70% …

LB100: Behind the numbers – profitability revealed

In this table we blend together the three key profitability metrics – profit per equity partner, profit per lawyer and profit margin – to discover which of the top 100 firms are the most profitable. The firms have been ranked according to their aggregate score across all three measurements. Firms marked * are either listed …