Top Law Firms 2019 Top Law Firms 2019
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Top Law Firms 2019 Top Law Firms 2019 In association with Sanlam Private Wealth In the hands of a wealthsmith, a humdrum retirement could turn into something more adventurous At Sanlam we understand the importance of ensuring each client’s pension reaches its maximum potential, providing them with the best foundations to enjoy their next chapter. To find out more please call Penny Lovell on 020 7382 0946, email [email protected] or visit www.sanlam.co.uk Advice • Planning • Management Winner Investment Performance High Growth Portfolios 2018 and 2019 The value of investments and the income from them can fall and you may get back less than you invested. Past performance is not a guide to future performance. Sanlam Wealth is a trading name of Sanlam Private Investments (UK) Ltd which is authorised and regulated by the Financial Conduct Authority. Registered in England and Wales No.2041819. Registered Office: 16 South Park, Sevenoaks, Kent TN13 1AN. Sanlam Wealth Planning UK Limited, registered in England and Wales 3879955, and English Mutual Limited, registered in England and Wales 6685913 (Registered Offices: St Bartholomew’s House, Lewin’s Mead, Bristol BS1 2NH). English Mutual Limited is an appointed representative of Sanlam Wealth Planning UK Limited. Top Law Firms Foreword Will Sidery elcome to the 2019 eprivateclient Top Law Firms report that recognises the leading private client editor eprivateclient W law firms in the UK. This year 43 firms have been included in the rankings and these firms reflect the wide variety of advice available to clients from not just the UK but international individuals and families too. The geographical spread of the 43 firms across the UK from Aberdeen in the north to Bristol in the South West shows that the demand for and supply of high quality private wealth legal and tax advice can be found throughout the country. Congratulations to all the firms who made the list in 2019. anlam is delighted to sponsor the 2019 eprivateclient Top Law Firms initiative and congratulate these firms S on their leading positions. The Sanlam Private Office is a centre of excellence to support the requirements Penny Lovell of individuals, families, charities and trusts with in excess of £1m CEO, Private Office, to invest across all of their affairs. Investment Management and Sanlam Private Financial Planning sit at the heart of the service with a focus on our Wealth high net worth bespoke offering for clients with very specific needs. We work very closely with other advisers in the private client world and are delighted to support this initiative, commending the most prominent private client practitioners. This year we were extremely proud to receive the PAM Performance Award for High Growth Portfolios for the second year running and were finalists in every other performance award category – a first in the history of the awards. Alongside our robust investment engine, we offer a suite of services and solutions that constitute a total wealth solution for HNW & UNHW individuals and access to a network of professional advisers in the legal, accounting, trustee, philanthropy and art advisory world. Many congratulations to all the firms included in this year’s initiative and we hope to have the opportunity to work together. www.eprivateclient.com Top Law Firms | 1 Top Law Firms Consolidation amidst uncertainty elcome to the 2019 eprivateclient Top Law Firm list with 177 in its UK private wealth team. The sixteen firms rankings – an in depth analysis of the top UK produced fee income for 2018 of just under £305 million - with law firms providing high quality private client an average of £19.1 million per firm. For the Tier I firms, UK W services to wealthy individuals and families private client fee income as a percentage of total firm income based both domestically and internationally. varied from just over six percent at Stephenson Harwood to over As with the previous two years, the firms featured are divided 80 percent at Maurice Turnor Gardner. The firms also hired 79 into tiers, reflecting not only the size of firms’ private client new solicitors in 2018 with Burges Salmon topping the pile with teams, but also their reputations within the private wealth sector 15 new fee earners in 2018. and the emphasis placed upon looking after wealthy clients and Tier II features 15 firms for 2019 with a total of 222 partners their families. (ranging in numbers from 24 (Thomson Snell & Passmore) to For 2019, 43 firms feature across three tiers with 16 firms six (McDermott Will & Emery). The firms have a total of 883 featured among Tier I, 15 firms in Tier II and a further 12 fee earners and total private client staff of 1295. The 15 firms featuring in Tier III. employed a slightly higher number of new solicitors to Tier I Overall, the 43 firms to feature have a total of 539 UK based in 2018 (88) and generated fee income of £152 million in 2018. private client partners (down from 605 last year). The firms Tier III features 12 firms for 2019 with 74 private client employ almost 2100 fee earners (an average of 49 per firm), total partners, 241 fee earners, total private client staff of 361 and UK staff of 3019 (down almost 18 percent on last year) and total fee income for 2018 of £43.2 million. The 12 firms employed UK fee income of £500.2 million, down 16 percent on last year 23 new solicitors in the past year, with private client boutique (£581 million). The Burnside Partnership at the top with six new solicitors. The 16 firms featured in Tier I have 243 private client partners, The rankings, built on the results of surveys sent to almost 150 ranging in numbers from five (Harbottle & Lewis) to 31(Russell- law firms in the UK, are based on data for 2018. Where data was Cooke). The firms employ 972 fee earners whilst total staff across not provided by firms, publisher’s estimates were made, which are the Tier I firms stood at 1363 with Russell-Cooke topping the clearly labelled on the rankings. 2 | Top Law Firms www.eprivateclient.com There are few experiences more satisfying than pulling on a crisply laundered shirt that has been made for you, and you alone. Thanks to Turnbull & Asser’s precise measurements and exclusive fabrics, each bespoke design is a one-of-a-kind treasure that will last a lifetime. Turnbull & Asser invite PAM clients to visit our bespoke team in store and receive a complimentary bespoke shirt (minimum value £275) when you purchase the bespoke minimum of four shirts. LONDON 71-72 JERMYN STREET | 4 DAVIES STREET | 23 BURY STREET | NEW YORK 50 EAST 57 TH STREET TURNBULLANDASSER.COM T&Cs apply: shirt with the lowest value complimentary; only valid in Turnbull & Asser Bury St. & Davies St. stores; quote ‘PAM’ to redeem; offer valid until 31st December 2018. Top Law Firms 2019 eprivateclient Top Law Firms Profiles Anderson Strathern 10 McDermott Will & Emery 8 BDB Pitmans 7 Michelmores 8 Blake Morgan 10 Mills & Reeve 8 Boodle Hatfield 5 Mishcon De Reya 6 Bryan Cave Leighton Paisner 7 Murray Beith Murray 11 Burges Salmon 5 New Quadrant Partners 8 Charles Russell Speechlys 5 Payne Hicks Beach 8 Collyer Bristow 7 Penningtons Manches 8 Cripps Pemberton Greenish 7 Radcliffes Le Brasseur 11 Dentons 10 Royds Withy King 9 Edwin Coe 10 Russell-Cooke 6 Farrer & Co 5 Stephenson Harwood 6 Forsters 5 Taylor Wessing 6 Harbottle & Lewis 5 The Burnside Partnership 11 Harcus Sinclair 10 Thomson Snell Passmore 9 Howard Kennedy 10 Turcan Connell 6 Hunters Solicitors 11 Wedlake Bell 6 Irwin Mitchell Private Wealth 7 Withers 6 Kingsley Napley 11 Womble Bond Dickinson 9 Macfarlanes 5 Wrigleys 9 Maurice Turnor Gardner 6 * From July 2019 Penningtons Manches will trade as Penningtons Manches Cooper Methodology The Top Law Firm rankings begins with a survey of over 100 firms serving wealthy clients in the UK. The key data of number of partners, number of fee earners, total number of staff, fee income and private client fee income as a percentage of total fee income is used to produce the rankings that are published on www.eprivateclient.com. In addition, the number of clients and the number of UK offices are also used to formulate the list. When data is not supplied, estimates based upon published data and PAM Insight’s market knowledge are used. 4 | Top Law Firms www.eprivateclient.com Top Law Firms Farrer & Co Sarah von Schmidt Departmental managing partner Partners: 16 Fee earners: 56 Tier 2018 Fee Income: £13.4 million* Forsters Patrick Harney I Partner and head of private client Partners: 23 Fee earners: 86 Boodle Hatfield 2018 Fee Income: £24.96 million Andrea Zavos Partner Partners: 11 Fee earners: 16 2018 Fee Income: £8 million Harbottle & Lewis Glen Atchison Managing partner Burges Salmon Partners: 5 John Barnett Fee earners: 17 Partner and head of private client 2018 Fee Income: £5.367 million Partners: 16 Fee earners: 79 2018 Fee Income: £17.1 million Charles Russell Speechlys Macfarlanes Bart Peerless Piers Barclay Partner Partner and head of private client Partners: 46* Partners: 12 Fee earners: 172* Fee earners: 71 2018 Fee Income: £18.27 million* 2018 Fee Income: £30.1 million www.eprivateclient.com Top Law Firms | 5 Top Law Firms Maurice Turnor Gardner Taylor Wessing Claire Maurice Andrew Hine Senior partner Partner and head of private client Partners: 9* Partners: 9 (+1 consultant)* Fee earners: 15*+ Fee earners: 36* 2018 Fee Income: £6.61 million* 2018 Fee Income: £17.88 million* Mishcon de Reya Turcan Connell James Libson Alexander Garden Executive partner & head Chairman of Mishcon Private Partners: 9* Partners: