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: Average of £96,000 for fixed share partners.
Revenue per lawyer: £158,000
Revenue per partner: £603,000
Revenue per equity partner: £1,022,000
Cost per lawyer: £118,000
Profit per lawyer: £40,000
No of partners: 61
No of equity partners: 36
No of female partners: 18
No of female equity partners: N/A
Total no of fee-earners (including consultants, paralegals etc): 355
Total no of fee-earners (excluding consultants, paralegals etc): 233
Total no of staff: 675
Leverage ratio: 1:3.48
Equity partner to staff ratio: 1:8.89
Fee-earner to staff ratio: 1:0.9
Financial management: Practice profile by revenue - commercial litigation 57 per cent, corporate and finance 20 per cent, property 23 per cent.
Equity structure: Modified seven-year lockstep with a small bonus pool. New partners spend three years on a fixed share before moving on to the lockstep. Partners can be accelerated, frozen or demoted on the lockstep at an annual review.
Billable hours targets: None
Key clients: Amerada Hess, Barclays, Oasis, Royal Mail.