UK Law Firms Reporting Double Digit Revenue Growth
Posted By Rob Millard - 2 Comments -
Hard on the heels of the Managing Partners' Forum strategy survey results (see slides here) indicating that UK law firms have a more sophisticated approach to strategy than North American firms, comes the news that 18 out of 19 firms in a Legal Week survey achieved double digit revenue growth this past year, with several exceeding 20%.
Nobody would dispute that sound strategy and growth in headline earnings go hand in hand. Here is empirical evidence that (some of) the top UK firms are getting it "very right."
Here are the Top 10, by H1 growth achieved:
| Firm | H1 Revenue GBP/USD |
% increase on H1 2006-07 |
| Herbert Smith |
£183m / $381m | 26% |
| Ashurst |
£147m / $306m | 25% |
| Bird & Bird |
£68.5m / $142.5m | 24% |
| Norton Rose |
£127.5m / $265m | 23% |
| SJ Berwin |
£99m / $206m | 22% |
| CMS Cameron McKenna | £103m / $214m | 21% |
| Nabarro |
£65m / $135m |
21% |
| Speechly Bircham |
£22.7m / $47.2 | 20% |
| Berwin Leighton Paisner | £84m / $175m | 19.5% |
| Field Fisher Waterhouse | £39.3m / $82m | 18.5% |
Wow!
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What About Clients? -
November 8, 2007 7:39 AM
Do "UK law firms have a more sophisticated approach to strategy than North American firms"? See this post at The Adventure of Strategy, a consistently fine site by business strategist Rob Millard, a partner at Edge International....
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I wonder if those same UK lawyers are doing as well today as they were in 2007. Things have changed a lot since then.
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