Ashurst


Position: 9 h
Firm: Ashurst

Turnover: £323m
Profit per equity partner: £1,040K
Earnings per partner: £771K
Equity spread: £560K-£1,460K
Net profit: £135.2m
Profit margin: 42 per cent
Revenue per fee-earner: £364K
Revenue per lawyer: £406K
Revenue per partner: £1,640K
Revenue per equity partner: £2.48m
Total number of fee-earners: 887
Total number of qualified partners: 796
Total number of partners: 197
Total number of equity partners: 130
Total number of female partners: 31
Total number of female equity partners: 18
Total number of staff: 1,882
Leverage ratio (equity partners/fee-earners): 1:5.1




  • INTERNAL PROMOTIONS
    2006-07: Corporate 4, finance 6, property 2, litigation 2, projects 1
    2005-06: Corporate 4, finance 4, competition 1, IP/IT 1
    2004-05: Corporate 2, competition 2, employment 2, litigation 2, property 1

    LATERALS
    2006: Corporate 3, finance 9, construction 1, projects 1
    2005: Corporate 1, finance 2, pensions 1, projects 1
    2004: Tax 1

    Intake as percentage of partnership: 16.2
    New female partners as percentage of intake: 20.7
    Firms recruited from: Allen & Overy, CMS Cameron McKenna, Haarmaan Hemmelrath, Linklaters, Lovells, Norton Rose
    Equity structure: 120 equity partners, 59 non-equity
    Practice area(s) most heavily promoted: Finance, corporate
    *Figures supplied relate to the calendar year

    Ashurst’s partnership is continuing to grow at a fast pace, with 34 internal and 20 external appointments in the past three years. This growth peaked in 2006-07, when 29 lawyers were added to the partnership, six of whom were women.

    Unsurprisingly for a firm with 75 per cent of its turnover generated in London, seven of those laterals and nine of the promotions were made in the City. The securitisation and finance practices benefited most from the lateral hires, while the promotions were spread between finance, corporate, property and litigation.

    Frankfurt has also been bolstered significantly in 2006-07 with six partner appointments, while the firm’s small Singapore office benefited from one internal appointment in finance.

    In 2007-08 Ashurst will also revamp its associate career path, introducing an of counsel position as an alternative or added step to partnership across its entire international network.

    • Web: www.ashurst.com
    • Telephone: 020 7638 1111
    • Fax: 020 7638 1112
    • No. of Trainees: 98
    • No. of Trainee Vacancies: 55
    • Training contract application deadline: 31-Jul-08
    • Selection
      • Individual interview: Yes
      • Panel interview: Yes
      • Assessment day: No
      • Psychometric test: No
      • Written exercise: No
      • Presentation: No
    • No. of Seats: 4
    • Opportunities Abroad: Yes
    • Vacation Schemes
      • No. placements: 60
      • Summer vacation scheme application deadline: 31-Jan-08
    • GDL/CPE Intake: 55%
    • GDL/CPE funding
      • Fees: Yes
      • Maintenance: £7,500
    • LPC funding
      • Fees: Yes
      • Maintenance: £7,500
    • Salary/benefits
      • Start: £37,000
      • Qualification: £65,000
      • Season ticket loan: Yes
      • Healthcare: Yes
      • Pension scheme: Yes
      • Life assurance: Yes
      • Bonus scheme: Yes
      • Gym membership: Yes
      • Subsidised lunch: Yes