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17 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £335,000
Equity spread: £200,000-£400,000
Net profit: £16m
Profit margin: 38 per cent
Salaried partner remuneration: £110,000-£180,000
Revenue per lawyer: £227,000
Revenue per partner: £781,000
Revenue per equity partner: £1,029,000
Cost per lawyer: £141,000
Profit per lawyer: £86,000
No of partners: 54
No of equity partners: 41
No of female partners: Seven
No of female equity partners: Six
Total no of fee-earners (including consultants, paralegals etc): 222
Total no of fee-earners (excluding consultants, paralegals etc): 186
Total no of staff: 512
Leverage ratio: 1:3.22
Equity partner to staff ratio: 1:7.07
Fee-earner to staff ratio: 1:1.31
Financial management: Average equity partner capital contributions are £170,000.
Equity structure: 2:1 lockstep ladder with a 'waiting room' band of fixed-share partners.
Billable hours targets: None
Key clients: Bank of Scotland, Bristol & West, ECI Partners, FirstGroup, Milk Link, Ministry of Defence, National Trust, Nationwide Building Society.
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