A ‘Good Health’ tick has been provided to the major UK law firms with the revelation of the the largest 200 UK law firms of 2018 revealed with the publication of The Lawyer UK 200: Top 100 2018. But there are threats to their continued dominance.
The rankings show that the largest 200 firms based in the UK generated revenues of £25.68bn, a rise of almost 10 per cent (9.5) on 2016/17 year according to the Lawyer rankings. But the survey also shows that there are threats to their growth ahead, including the continued rise of the US law firms and the growth of New Law firms.
Although the number of fee earners, including partners and qualified lawyers, in the top 200 showed continued growth (at 5 per cent), the number of equity partners in the firms rose only slightly by 0.6 per cent, reflecting the firms’ increased pressure from competitors in the legal market.
But New Law Firms like Axiom, LOD and Peerpoint are among those having an effect on the traditional Big Law firms.
The rankings also carry eight new law firms (the so-called ‘Independents’) with six feature in the lower half of the revenue ranking, The Independents.
Below is the ranking of the top 200 law firms in the UK by revenue.
The top 200 UK law firms 2018 by revenue
Rank 2018 | Rank 2017 | Firm name | Revenue (£m) |
1 | 1 | DLA Piper | 1,799.5 |
2 | 2 | Clifford Chance | 1,623.0 |
3 | 5 | Hogan Lovells | 1,581.0 |
4 | 3 | Allen & Overy | 1,570.0 |
5 | 4 | Linklaters | 1,523.5 |
6 | 7 | Norton Rose Fulbright | 1,514.0 |
7 | 6 | Freshfields Bruckhaus Deringer | 1,403.0 |
8 | 9 | CMS | 1,138.7 |
9 | 8 | Herbert Smith Freehills | 926.8 |
10 | 13 | Eversheds Sutherland | 721.8 |
11 | 10 | Ashurst | 564.0 |
12 | 11 | Clyde & Co | 551.3 |
13 | 12 | Slaughter and May* | 486.7 |
14 | 15 | Gowling WLG | 455.5 |
15 | 14 | Pinsent Masons | 451.0 |
16 | 16 | Simmons & Simmons | 354.1 |
17 | 17 | Bird & Bird | 337.0 |
18 | 19 | Taylor Wessing | 301.5 |
19 | 18 | Berwin Leighton Paisner* | 277.4 |
20 | 24 | Addleshaw Goddard | 242.0 |
21 | 20 | Irwin Mitchell | 241.8 |
22 | 21 | Osborne Clarke | 239.6 |
23 | 23 | DWF* | 235.0 |
24 | 22 | DAC Beachcroft | 230.0 |
25 | 29 | Fieldfisher | 207.0 |
26 | 27 | Macfarlanes | 201.6 |
27 | 32 | Kennedys | 196.0 |
28 | 25 | Stephenson Harwood | 189.4 |
29 | 28 | HFW | 179.1 |
30 | 26 | Withers | 176.6 |
31 | 30 | Watson Farley & Williams | 162.9 |
32 | 31 | Mishcon de Reya | 161.3 |
33 | 33 | Charles Russell Speechlys | 150.5 |
34 | 35 | Travers Smith | 146.9 |
35 | 36 | Shoosmiths | 128.5 |
36 | 39 | RPC | 112.7 |
37 | 44 | Mills & Reeve | 106.3 |
38 | 38 | Bond Dickinson | 105.0 |
39 | 37 | BLM | 104.7 |
40 | 42 | Trowers & Hamlins | 102.5 |
41 | 43 | Weightmans | 97.1 |
42 | 40 | Hill Dickinson | 96.8 |
43 | 46 | Burges Salmon | 90.0 |
44 | 48 | Gateley | 86.1 |
45 | 45 | Ince & Co | 83.4 |
46 | 49 | TLT | 82.0 |
47 | 51 | Freeths | 78.9 |
48 | 53 | Penningtons Manches | 76.1 |
49 | 54 | Keoghs* | 74.5 |
50 | 52 | Shakespeare Martineau | 73.9 |
51 | 50 | Blake Morgan | 73.3 |
52 | 55 | Browne Jacobson | 73.0 |
53 | 56 | Brodies | 68.6 |
54 | 57 | Farrer & Co | 63.5 |
55 | 47 | Stewarts | 62.4 |
56 | 58 | Burness Paull | 57.6 |
57 | 60 | Shepherd & Wedderburn | 53.5 |
58 | 59 | Howard Kennedy | 53.3 |
59 | 61 | Fladgate | 53.0 |
60 | 63 | Lewis Silkin | 52.9 |
61 | 62 | Forsters | 52.1 |
62 | 67 | Birketts | 48.1 |
63 | 65 | Clarke Willmott | 46.7 |
64 | N/A | Minster Law* | 46.0 |
65 | 69 | Bristows | 44.1 |
66 | 72 | Bevan Brittan | 44.0 |
67 | 68 | Walker Morris | 43.7 |
68 | 73 | Foot Anstey | 43.4 |
=69 | 66 | Dickson Minto* | 43.0 |
=69 | 71 | Winckworth Sherwood | 43.0 |
71 | 70 | Ashfords | 42.2 |
72 | 76 | Kingsley Napley | 40.0 |
73 | 75 | Hugh James* | 38.5 |
74 | 74 | Capsticks | 38.3 |
75 | N/A | Leigh Day | 38.2 |
76 | 79 | Michelmores | 37.6 |
77 | 83 | Veale Wasbrough Vizards | 36.8 |
78 | 77 | Ward Hadaway | 35.9 |
79 | 84 | Royds Withy King | 35.8 |
80 | 91 | Harbottle & Lewis | 35.5 |
81 | 80 | Russell-Cooke | 34.9 |
82 | 82 | Knights | 34.9 |
83 | 81 | Wedlake Bell | 34.0 |
84 | 78 | Bircham Dyson Bell | 33.7 |
85 | 96 | JMW | 32.5 |
86 | 86 | Cripps | 31.7 |
87 | 94 | Keystone Law | 31.6 |
88 | 87 | Brabners | 31.4 |
89 | 95 | MW Solicitors | 31.3 |
=90 | 89 | Harrison Clark Rickerbys | 30.0 |
=90 | 88 | Simpson Millar* | 30.0 |
92 | 85 | Thrings | 29.5 |
93 | 90 | Digby Brown* | 29.0 |
94 | 102 | Gordon Dadds | 28.5 |
95 | 96 | DMH Stallard | 28.4 |
96 | 105 | Thorntons | 27.5 |
97 | 92 | Sackers | 27.0 |
98 | 98 | Stevens & Bolton | 26.9 |
99 | 119 | Fletchers | 26.8 |
100 | 99 | Moore Blatch | 26.8 |
101 | 93 | Harper Macleod | 26.5 |
102 | 103 | Boodle Hatfield | 26.1 |
103 | 109 | Wiggin | 26.0 |
104 | 100 | Bates Wells Braithwaite | 25.8 |
105 | N/A | Joseph Hage Aaronson* | 25.2 |
106 | 106 | Wilkin Chapman | 24.9 |
107 | 101 | Geldards | 24.8 |
108 | 104 | Edwin Coe | 24.3 |
109 | 107 | Payne Hicks Beach | 23.4 |
110 | 110 | Anderson Strathern | 22.7 |
111 | 107 | Turcan Connell* | 22.5 |
112 | 115 | Fox Williams | 22.0 |
113 | 111 | Lester Aldridge | 21.8 |
114 | 113 | Morton Fraser | 21.8 |
115 | 112 | Thomson Snell & Passmore | 21.0 |
116 | 118 | Wright Hassall | 20.6 |
117 | 114 | Langleys | 20.4 |
118 | 123 | Howes Percival | 20.1 |
119 | 116 | Stephensons | 19.9 |
120 | 117 | Stephens Scown | 19.7 |
121 | 128 | Anthony Collins | 19.5 |
122 | 120 | Memery Crystal | 19.2 |
123 | 122 | Ashtons Legal | 19.1 |
124 | 136 | Hodge Jones & Allen | 19.0 |
125 | 121 | Pitmans | 18.8 |
126 | 126 | Collyer Bristow | 18.3 |
127 | 125 | Hewitsons | 18.3 |
128 | 135 | Stone King | 17.9 |
129 | 124 | MacRoberts | 17.8 |
130 | 126 | RadcliffesLeBrasseur* | 17.5 |
131 | 129 | Trethowans | 17.5 |
132 | 133 | IBB Solicitors | 17.5 |
133 | 139 | Taylor Vinters | 17.3 |
134 | 131 | TWM | 17.2 |
135 | 130 | Higgs & Sons | 17.2 |
136 | 137 | Lupton Fawcett | 16.6 |
137 | 140 | Lindsays | 16.3 |
138 | 157 | Shulmans | 16.3 |
139 | 141 | Tees Law | 16.3 |
140 | 150 | Express Solicitors | 16.2 |
141 | 132 | Birchall Blackburn Law | 16.0 |
142 | 138 | Gordons | 16.0 |
143 | 134 | Nelsons | 15.9 |
144 | 144 | Rosenblatt | 15.8 |
145 | 168 | Peters & Peters | 15.7 |
146 | 147 | Paris Smith | 15.5 |
147 | 160 | Cavendish Legal Group | 15.0 |
147 | N/A | Laytons* | 15.0 |
147 | 145 | Teacher Stern | 15.0 |
150 | 153 | Winn Solicitors | 14.9 |
151 | 143 | Fenwick Elliott | 14.5 |
152 | 175 | Clarion | 14.5 |
153 | 158 | Bott & Co | 14.4 |
154 | 142 | Anthony Gold Solicitors | 14.4 |
155 | 145 | Roythornes | 14.3 |
156 | 164 | Wilsons | 14.3 |
157 | 152 | Boyes Turner | 14.3 |
158 | 193 | Vardags | 14.2 |
159 | 154 | EMW | 14.1 |
160 | 149 | Kemp Little | 14.1 |
161 | 186 | Coffin Mew | 14.0 |
162 | 163 | DAS Law | 14.0 |
163 | 154 | Sintons | 13.8 |
164 | 148 | Goodman Derrick | 13.7 |
165 | 156 | Napthens | 13.5 |
166 | 169 | Brachers | 13.5 |
166 | 173 | Seddons | 13.5 |
168 | 171 | Kuits | 13.2 |
169 | 160 | Barlow Robbins | 13.1 |
169 | 184 | Flint Bishop | 13.1 |
169 | 177 | Wallace | 13.1 |
172 | 164 | Hamlins | 13.0 |
173 | 151 | Keebles | 12.9 |
174 | 180 | Ellisons | 12.9 |
175 | 170 | FBC Manby Bowdler | 12.8 |
176 | 171 | Ramsdens | 12.8 |
177 | 162 | Taylor & Emmet | 12.6 |
178 | 166 | Brethertons* | 12.5 |
179 | 167 | ASB law | 12.3 |
180 | 178 | Gillespie Macandrew | 12.0 |
180 | N/A | Hudgell Solicitors* | 12.0 |
182 | 174 | Wrigleys Solicitors | 11.9 |
183 | N/A | Chadwick Lawrence | 11.8 |
184 | 159 | Lee & Thompson | 11.6 |
185 | 175 | Hunters | 11.6 |
186 | 184 | Mayo Wynne Baxter | 11.6 |
187 | 179 | Pemberton Greenish | 11.6 |
188 | 188 | Porter Dodson | 11.1 |
189 | 195 | Schofield Sweeney | 11.1 |
190 | 187 | Muckle | 11.0 |
191 | 183 | Lanyon Bowdler | 10.7 |
191 | 190 | Simkins | 10.7 |
193 | 182 | Ledingham Chalmers | 10.6 |
194 | 189 | Morrisons Solicitors | 10.5 |
195 | 191 | Mundays | 10.5 |
196 | 192 | Drydensfairfax Solicitors* | 10.0 |
196 | 181 | Roberts Jackson* | 10.0 |
196 | N/A | Stowe Family Law* | 10.0 |
199 | 194 | BPE Solicitors | 9.8 |
200 | N/A | Druces | 9.8 |
This article was updated on October 15 2018 to reflect the new rankings in The L