The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Salaried partner remuneration: Up to £250,000 (including bonus)
Revenue per lawyer: £325,000
Revenue per partner: £698,000
Revenue per equity partner: £1,672,000
Cost per lawyer: £262,000
Profit per lawyer: £64,000
No of partners: 103
No of equity partners: 43
No of female partners: 12
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc: 315
Total no of fee-earners (excluding consultants, paralegals etc): 221
Total no of staff: 641
Leverage ratio: 1:2.74
Equity partner to staff ratio: 1:7.58
Fee-earner to staff ratio: 1:1.03
Financial management: Lockup target 120 days, achieved 127 (average WIP 39 days, average debtor days 88). Average fixed capital contribution for an equity partner is up to £250,000.
Equity structure: Merit-based system decided by an annually elected six-person committee. Decided on a variety of performance indicators, including fees generated, business development and client relations.