19
Turnover: £96m
Profit per equity partner: £460,000
Equity spread: £235,000-£610,000
Net profit: £30.8m
Profit margin: 32 per cent
Salaried partner remuneration: £122,000
Revenue per lawyer: £304,000
Revenue per partner: £850,000
Revenue per equity partner: £1,433,000
Cost per lawyer: £206,000
Profit per lawyer: £97,000
No of partners: 113
No of equity partners: 67
No of female partners: 14
No of female equity partners: Four
Total no of fee-earners (including consultants, paralegals etc): 443
Total no of fee-earners (excluding consultants, paralegals etc): 316
Total no of staff: 880
Leverage ratio: 1:3.03
Equity partner to staff ratio: 1:6.52
Fee-earner to staff ratio: 1:0.99
Financial management: Average fixed capital contribution for equity partners is £126,000. Practice profile by revenue is litigation 65 per cent, corporate and employment 22, property 7 and finance 6.
Equity structure: Modified lockstep with 10 steps, step one comprising 46 profit-sharing units to step 10, comprising 100 profit-sharing units.
Billable hours targets: 1,300.
Key clients: Ace Insurance, Brit Insurance, Ernst & Winney, Glencore, Swiss Re, Sphere Drake.