Bird & Bird – UK 100

Turnover: £71.9m

Profit per equity partner: £327,000

Equity spread: £199,000-£550,000

Net profit: £14.1m

Profit margin: 20 per cent

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.

Billable hours targets: Associates 1,450, partners 1,300.

Key clients: Aventis, Bayer, British Telecom, local and central government, Standard Chartered Bank.