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14 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £240,000
Equity spread: £150,000-£300,000
Net profit: £16.8m
Profit margin: 21 per cent
Salaried partner remuneration: £80,000
Revenue per lawyer: £130,000
Revenue per partner: £615,000
Revenue per equity partner: £1,169,000
Cost per lawyer: £103,000
Profit per lawyer: £27,000
No of partners: 133
No of equity partners: 70
No of female partners: 33
No of female equity partners: Nine
Total no of fee-earners (including consultants, paralegals etc): 707
Total no of fee-earners (excluding consultants, paralegals etc): 630
Total no of staff: 1,166
Leverage ratio: 1:7.10
Equity partner to staff ratio: 1:6.56
Fee-earner to staff ratio: 1:0.65
Financial management: Lockup varies according to industry area and work type, but firm claims debtor days and WIP have improved in last three years.
Equity structure: Modified five-step lockstep.
Billable hours targets: Varies.
Key clients: Allianz Cornhill, Aviva, Balfour Beatty, Motorola, L'Oreal, Zurich.
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