Position: 41
Firm: Charles Russell Turnover: £70.7m
Profit per equity partner: £390K
Earnings per partner: £262K
Equity spread: £222K-£435K
Net profit: £17.2m
Profit margin: 24 per cent
Revenue per fee-earner: £208K
Revenue per lawyer: £265K
Revenue per partner: £786K
Revenue per equity partner: £1.61m
Total number of fee-earners: 340
Total number of qualified partners: 267
Total number of partners: 90
Total number of equity partners: 44
Total number of female partners: 25
Total number of female equity partners: 6
Total number of staff: 584
Leverage ratio (equity partners/fee-earners): 1:5.1
INTERNAL PROMOTIONS
2006-07: Employment 2, family 1, litigation 2
2005-06: Corporate 6, employment 1, family 1
2004-05: Corporate 2, employment1, litigation 2
LATERALS
2006-07: Corporate 1, employment 1
2005-06: Litigation 2
2004-05: Corporate 3, litigation 2, private client 3
Intake as percentage of partnership: 7.5
New female partners as percentage of intake: 57.1
Firms recruited from:Equity structure: 58 equity partners, 35 non-equity
Practice area(s) most heavily promoted: Corporate/commercial, employment/pensions
*Figures supplied relate to the calendar year
For a firm with a long history of private client work, it is notable that Charles Russell has not made up any candidates in the practice in the past four years. In 2004-05 it took a team from Stephenson Harwood in that area, but has made little advancement since. Instead the focus turned to corporate/commercial, where it promoted eight in the past three years, and employment/pensions, where four have been made up over the same period. Female associates also fared well, scooping three of the five promotions in 2006-07.
- Web: www.charlesrussell.co.uk
- Telephone: 020 7203 5353
- Fax: 0207 203 5307
- No. of Trainees: 35
- No. of Trainee Vacancies: 20
- Training contract application deadline: 31-Jul-08
- Selection
- Individual interview: No
- Panel interview: No
- Assessment day: Yes
- Psychometric test: No
- Written exercise: No
- Presentation: No
- No. of Seats: 4
- Opportunities Abroad: No
- Vacation Schemes
- No. placements: 16
- Summer vacation scheme application deadline: 31-Jan-08
- GDL/CPE Intake: 50%
- GDL/CPE funding
- Fees: Yes
- Maintenance: £6,000
- LPC funding
- Fees: Yes
- Maintenance: £6,000
- Salary/benefits
- Start: £31,000
- Qualification: £53,000
- Season ticket loan: Yes
- Healthcare: Yes
- Pension scheme: Yes
- Life assurance: Yes
- Bonus scheme: Yes
- Gym membership: No
- Subsidised lunch: No
- Free taxis after hours