96
Turnover: £15.4m
Profit per equity partner: £235,000
Equity spread: £50,000-£300,000
Net profit: £5.64m
Profit margin: 37 per cent
Salaried partner remuneration: N/A
Revenue per lawyer: £162,000
Revenue per partner: £350,000
Revenue per equity partner: £642,000
Cost per lawyer: £103,000
Profit per lawyer: £59,000
No of partners: 44
No of equity partners: 24
No of female partners: 10
No of female equity partners: Four
Total no of fee-earners (including. consultants, paralegals, trainees etc): 133
Total no of fee-earners (excluding consultants, paralegals, trainees etc): 95
Total no of staff: 240
Leverage ratio: 1:2.13
Equity partner to staff ratio: 1.4.46
Fee earner to staff ratio: 1:0.8
Financial management: Average WIP at year end was 90 days; debtor days were also 90. The average capital contribution per partner was £140,000.
Equity structure: Modified lockstep with 10 steps. Thirteen partners were at the top of the lockstep last year.
Billable hours targets: None
Key clients: Associated British Foods, Emap, Fabergé, Trinity Mirror, Wetherspoons