Nelsons

Turnover (£m): 11.8
RPL (£k): 151

Nelsons incorporated into a limited company last year, a decision that resulted in several key changes to the firm’s structure. Primarily, ­partners are now shareholders. This has led to a change in the Nottinghamshire firm’s ­remuneration system, with dividends now ­included alongside the existing modified ­lockstep. The merit-based element continues to be moderated by an elected remuneration committee and measured against a range of defined competencies. The shareholders also now elect the majority of members on the firm’s board of directors.

Nelsons has felt the brunt of the harsh ­economic climate in recent years, posting ­significant falls in revenue between 2007-08 and 2009-10. Last year the firm managed growth of 1 per cent, attributed mainly to a 30 per cent hike in corporate. Other areas of growth include commerce and technology, employment and personal injury.

The firm is anticipating a slight rise in average profit per equity partner this year and says it is not planning any further redundancies.