Total no of fee-earners (including consultants, paralegals etc): 220
Total no of fee-earners (excluding consultants, paralegals etc): 146
Total no of staff: 443
Leverage ratio: 1:4.95
Equity partner to staff ratio: 1:11.15
Fee-earner to staff ratio: 1:1.01
Financial management: Lockup target 135 days, achieved 152 days (average WIP 93 days, average debtors 59 days). Average fixed capital contribution for an equity partner £118,000.
Equity structure: Equity partners all start with 65 points and move up to 100 points after a minimum of five years. But partners with 80 points have to win a vote to achieve the next level. Twenty per cent of the profits go into a bonus pool and are then distributed to the equity partners based on their performance.