LAW FIRMS

UK TOP 100 LAW FIRMS 2023 LIST UNVEILED

The UK’s 100 largest law firms generated revenue of £33.7bn between them in 2022/23, The Lawyer can reveal in its annual UK200 report, released today.

The figure is up 7 per cent from £31.3bn in 2021/22, demonstrating the resilience the UK’s legal sector despite continued turbulence in the political and economic landscapes.

Meanwhile, the Independents – those firms ranked 101 to 200 – generated a further £2bn in revenue. Profiles of the UK 51-100 firms and The Independents report will be released in October and November.

The City 50, which charts the largest firms in London, is now in its sixth year. In its first year in 2018, the total revenue of the City 50 was £9.5bn. Five years ago in 2019 the total stood at £10.01bn. This year, that has risen to £13.4bn. Despite economic headwinds, political upheaval and unforeseen shock after unforeseen shock, the elite end of the London legal market stubbornly and flatly refuses to wither.

Much of the top line growth and a significantly higher share of the market activity in the City can be laid at the door of firms headquartered in the US. While a UK-headquartered firm, Linklaters, is once again in number one position in this year’s City 50 ranking, the London market shake-up catalysed by the sheer financial muscle of US firms has never been clearer.

If resilience is a theme of the UK200 this year, the increasing difficulty of growing profits is another. The total net profit of the 100 largest firms was £10.267bn – flat on last year’s £10.261bn. One firm in the Top 100 actually made a loss in 2022/23: O’Neill Patient, where net profit dropped by 105 per cent to go £300,000 into the red. The firm specialises in conveyancing and remortgaging, and the figures echo the tough year this market has had.

The full UK200 overview and City 50 reports are now available on The Lawyer’s Signal channels; the list of the top 100 can be explored below.

  • This report was originally published in The Lawyer.

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50 LAW FIRMS, CORPORATES BACK 2022 NBA-SBL CONFAB

In a move that demonstrates their continued faith in the Annual International Business Law Conference of the Nigerian Bar Association Section on Business Law (NBA-SBL), over 50 corporate sponsors have thrown their weight behind the 16th conference coming up in Abuja in July.

The sponsors include Corporate Affairs Commission, Aluko & Oyebode, Flutterwave, Banwo & Ighodalo, Africa Finance Corporation, Federal Competition and Consumer Protection Commission (FCCPC), and many others.

The 16th NBA-SBL Annual International Business Law Conference is billed to hold from Wednesday, 20th to Friday, 22nd July, 2022 at the Transcorp Hilton Hotel in Abuja. Themed “Recent Developments in the Business Law Environment”, the conference will seek to dissect some recent developments in the business law environment, how they have affected businesses, and chart the way forward to give businesses a boost.

A full sponsors list made available by the NBA-SBL 2022 Conference Planning Committee (CPC) shows that the sponsors are grouped into Headline Sponsors, Platinum Sponsors, Gold Sponsors, Silver Sponsors, and Bronze Sponsors. The CPC said the sponsorships cover most of the programmes at the two-day conference, including the plenary sessions, tea breaks, lunch breaks, among others.

Many of the sponsors are returning sponsors, while there are a few who are making the sponsors list for the first time, said Theodora Kio-Lawson, Chair, Media, Publicity and Mobilisation Subcommittee of the CPC.

According to the list, the Headline Sponsors are Udo Udoma & Belo-Osagie, Corporate Affairs Commission, Flutterwave, Aluko & Oyebode, Banwo & Ighodalo, Aelex, Templars, Babalakin & Co, George Etomi & Partners, IHS Towers, and White & Case, NIGERIAN UPSTREAM PETROLEUM REGULATORY COMMISSION (NUPRC), SHELL PETROLEUM DEVELOPMENT COMPANY.

The Platinum Sponsors are BTO Partners, Africa Finance Corporation, Odujinrin & Adefulu, and Federal Competition and Consumer Protection Commission (FCCPC).

On the Gold Sponsors list are Africa Law Practice NG. & Co, Detail Commercial Solicitors, Zenith Bank Plc, Duale, Ovia & Alex-Adedipe, Chevron Nigeria Limited, CLP Legal, Ukiri Lijadu, Alegeh & Co, Seplat, Total Energies, MTN Nigeria, ENR Advisory, Iroghama LP, and Clifford Chance.

Streamsowers & Kohn, The Law Crest LLP, Mixta Real Estate, Olajide Oyewole LLP, Greychapel Legal, Tayo Oyetibo & Co, Famsvile Solicitors, and Unilever Plc are on the Silver Sponsors list.

The Bronze Sponsors are Nigeria Communications Commission, Y. C Maikyau, SAN & Co, Tunji Mayaki, Julius Berger Nigeria, Monipulo Nigeria Limited, Sterling Bank Plc, Central Bank of Nigeria, Cadbury Nigeria Plc, Bluechip Technologies, Wigwe & Wigwe, ACAS Denton, Aarndale Solicitors, and Broderick Bozimo & Co.

Kio-Lawson said the fact that these sponsors continue to back the NBA-SBL Annual Business Law Conference every year is a testimony that the conference has lived up to its bidding.

“Every year the conference provides a platform for stakeholders in the Nigerian business environment to address the issues that affect the business environment, businesses operating in the environment, and suggest the way forward,” she said.

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