Berrymans Lace Mawer – UK 100

Turnover: £35.6m

Profit per equity partner: £165,000

Equity spread: £100,000-£200,000

Net profit: £6.4m

Profit margin: 18 per cent

Salaried partner remuneration: £105,000-£130,000

Revenue per lawyer: £138,000

Revenue per partner: £391,000

Revenue per equity partner: £848,000

Cost per lawyer: £113,000

Profit per lawyer: £25,000

No of partners: 91

No of equity partners: 42

No of female partners: None

No of female equity partners: None

Total no of fee-earners (including consultants, paralegals etc): 384

Total no of fee-earners (excluding consultants, paralegals etc): 258

Total no of staff: 740

Leverage ratio: 1:4.32

Equity partner to staff ratio: 1:8.48

Fee-earner to staff ratio: 1:0.93

Financial management: Berrymans says it is

“tightly managed” which includes operating a “billing regime” agreed with all clients.

Equity structure: Berrymans claims to operate a ‘unique’ remuneration system. In practice this is likely to be a form of modified lockstep, however bespoke the firm may believe it to be.

Billable hours targets: None.

Key clients: Many of the leading insurers.