The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Turnover: £53.2m Profit per equity partner: £317K Earnings per partner: £171K Equity spread: £103K-£420K Net profit: £10.7m Profit margin: 20 per cent Revenue per fee-earner: £157K Revenue per lawyer: £232K Revenue per partner: £626K Revenue per equity partner: £1.61m Total number of fee-earners: 339 Total number of qualified partners: 229 Total number of partners: 85 Total number of equity partners: 33 Total number of female partners: 19 Total number of female equity partners: 5 Total number of staff: 628 Leverage ratio (equity partners/fee-earners): 1:5.9
Intake as percentage of partnership: 14.5 New female partners as percentage of intake: 33.3 Equity structure: 33 equity partners, 31 non-equity Practice area(s) most heavily promoted: Property *Figures supplied relate to the calendar year
Bristol-based Clarke Willmott has had a tempestuous 2006-07, during which it has hired seven partners but lost five. The recruitment reflects the firm’s opportunistic decision to scale up in Birmingham via hires from Heatons’ now dissolved Birmingham office, while the losses are the result of a series of raids from Bristol and Birmingham rival Osborne Clarke. But all this movement has been to the detriment of the firm’s home-grown talent, with Clarke Willmott making only eight partnership promotions in the past three years compared with 27 lateral partner hires. Most of this recruitment has been in property-related disciplines.