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.
Total no of fee-earners (including consultants, paralegals etc): 140
Total no of fee-earners (excluding consultants, paralegals etc): 115
Total no of staff: 254
Leverage ratio: 1:3.31
Equity partner to staff ratio: 1:4.65
Fee earner to staff ratio: 1:0.81
Financial management: The firm has reduced both its WIP and debtor days by having a "strong emphasis on getting bills out and paid before the end of the financial year". It ended the year with no borrowings. Brodies operates billing targets at each quarter and has this year increased the frequency of billing clients that had previously been billed only once or twice a year. The firm's equity contributions are a maximum of £100,000.
Equity structure: The firm operates a modified lockstep with 10 per cent merit element. Short five-step ladder means approximately 70 per cent of partners are at the top.
Billable hours targets: 1,100 partners.
Key clients: British Airports Authority, Lothian Buses, MacDonald Estates, Rolls Royce, Royal Bank of Scotland, Strategic Rail Authority.