Turnover: £195.4m Profit per equity partner: £586K Earnings per partner: £436K Equity spread: £308K-£800K Net profit: £63.9m Profit margin: 33 per cent Revenue per fee-earner: £240K Revenue per lawyer: £302K Revenue per partner: £1,104K Revenue per equity partner: £1.83m Total number of fee-earners: 813 Total number of qualified partners: 646 Total number of partners: 177 Total number of equity partners: 107 Total number of female partners: 34 Total number of female equity partners: 16 Total number of staff: 1,425 Leverage ratio (equity partners/fee-earners): 1:5
Intake as percentage of partnership: 9.4 New female partners as percentage of intake: 12.5 Firms recruited from:Ashurst, Berwin Leighton Paisner, DLA Piper, Linklaters, O’Melveny & Myers Equity structure: 114 equity partners, 65 non-equity Practice area(s) most heavily promoted: Banking/finance(including projects) *Figures supplied relate to the calendar year
Addleshaw Goddard continued its external hiring spree in 2006 with 11 lateral hires. In the past three years the firm has taken on 29 laterals and made 18 internal promotions. In particular the firm had a boost to its partnership in 2005-06 when it hired a dozen laterals and promoted 10 to the partnership. While recruitment has continued, just five were promoted for the 2006-07 fiscal year. Three of those were in Leeds, the other two in London, leaving Manchester-based associates with little comfort. The bulk of the lateral hiring for 2006 took place in London (eight laterals), including the firm’s first private equity hire, indicating a focus on the sector.