Fri, 17 May 2013
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17 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £265,000
Equity spread: £145,000-£285,000
Net profit: £13.2m
Profit margin: 30 per cent
Salaried partner remuneration: £90,000-£120,000
Revenue per lawyer: £241,000
Revenue per partner: £572,000
Revenue per equity partner: £970,000
Cost per lawyer: £170,000
Profit per lawyer: £71,000
No of partners: 78
No of equity partners: 46
No of female partners: 21
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc): 244
Total no of fee-earners (excluding consultants, paralegals etc): 185
Total no of staff: 450
Leverage ratio: 1:2.33
Equity partner to staff ratio: 1:4.48
Fee-earner to staff ratio: 1:0.84
Financial management: Average work in progress 76 days, average debtor days 90. No debt and property costs £3.5m.
Equity structure: Lockstep
Billable hours targets: 1,200 partners and 1,500 non-partners.
Key clients: Axa Insurance (UK), Bank of Ireland, ITN, Milton Group, Royal Air Force Benevolent Fund, Skandia Insurance, Sotheby's, Jockey Club, Vodafone.
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