Fri, 17 May 2013
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14 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £425,000
Equity spread: £200,000-£650,000
Net profit: £24.1m
Profit margin: 24 per cent
Salaried partner remuneration: £100,000 plus profit share.
Revenue per lawyer: £309,000
Revenue per partner: £816,000
Revenue per equity partner: £1,789,000
Cost per lawyer: £236,000
Profit per lawyer: £73,000
No of partners: 125
No of equity partners: 57
No of female partners: 26
No of female equity partners: 10
Total no of fee-earners (including consultants, paralegals etc): 395
Total no of fee-earners (excluding consultants, paralegals etc): 330
Total no of staff: 788
Leverage ratio: 1:3.6
Equity partner to staff ratio: 1:6.89
Fee-earner to staff ratio: 1:0.99
Financial management: Average WIP 33 days, average debtor days 67.
Equity structure: Modified lockstep.
Billable hours targets: 1,500
Key clients: Barclays Bank, Close Brothers, English Partnerships, ING International, Legal & General, Linpac, Liverpool City Council, Merrill Lynch, RBS, Tesco, UBS, West LB.
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