Ashurst – UK 100

Turnover: £197m

Profit per equity partner: £521,000

Equity spread: £273,000-£681,000

Net profit: £67.7m

Profit margin: 34 per cent

Salaried partner remuneration: £130,000-£210,000

Revenue per lawyer: £318,000

Revenue per partner: £1,288,000

Revenue per equity partner: £1,515,000

Cost per lawyer: £209,000

Profit per lawyer: £109,000

No of partners: 153

No of equity partners: 130

No of female partners: 25

No of female equity partners: Five

Total no of fee-earners(including consultants, paralegals etc): 757

Total no of fee-earners(excluding consultants, paralegals etc): 619

Total no of staff: 1,590

Leverage ratio: 1:3.58

Equity partner to staff ratio: 1:6.41

Fee-earner to staff ratio: 1: 1.10

Financial management: Highly conservative, with no borrowing and lockup under 100 days.

Equity structure: Pure lockstep but with a gateway system. Ten-year lockstep with two gateways through which partners can move if they clear performance-related hurdles. They can also be moved back down should they become less productive.

Billable hours targets: Vary by jurisdiction for partners; in London it is 1,600. No targets for assistants.

Key clients: Bain Capital, Barclays Capital, Imperial Tobacco, Virgin.