The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... 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): 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.