Clyde & Co
- UK 200 Position: 20
- UK 200 S...
Firm: Clyde & Co
Turnover: £157m
Profit per equity partner: £550K
Earnings per partner: £393K
Equity spread: £290K-£780K
Net profit: £47m
Profit margin: 30 per cent
Revenue per fee-earner: £240K
Revenue per lawyer: £321K
Revenue per partner: £1,106K
Revenue per equity partner: £1.80m
Total number of fee-earners: 653
Total number of qualified partners: 489
Total number of partners: 142
Total number of equity partners: 87
Total number of female partners: 17
Total number of female equity partners: 10
Total number of staff: 1,238
Leverage ratio (equity partners/fee-earners): 1:4.6
INTERNAL PROMOTIONS LATERALS Intake as percentage of partnership: 16.1 In the past three years Clyde & Co has added 63 to its partnership but has seen 23 depart. Of those additions, only 22 were internal promotions, while 41 were lateral hires, although this does include the 15 aviation partners that joined through the 2005 merger with aviation boutique Beaumont & Son. The largest partnership growth has been in corporate with 17 additions, while the firm’s historically dominant insurance practice only saw nine. London continued to dominate partnership appointments, taking 12 of the 22 promotions handed out in the past three years.
2006-07: Corporate 4, insurance 1, real estate 1, shipping 2
2005-06: Aviation 1, corporate 2, insurance 1, litigation 1, real estate 1, shipping 1
2004-05: Aviation 1, corporate 2, insurance 1, litigation 1, real estate 1, shipping 1
2006: Aviation 6, corporate 5, insurance 4
2005: Aviation 15, insurance 1, real estate 1, shipping 1
2004: Aviation 1, corporate 4, energy 2, insurance 1
New female partners as percentage of intake: 8.7
Firms recruited from: Beaumont & Son, DLA Piper, Holman Fenwick & Willan
Equity structure: 85 equity partners, 58 non-equity
Practice area(s) most heavily promoted: Corporate
*Figures supplied relate to the calendar year
Readers' comments (1)
Anonymous | 1-Feb-2008 2:06 pm
corrections
A few updates on Clydes:
- there is a bonus scheme;
- there are free after hrs taxis;
- there is a subsidised cafe.
Shipping, insurance and aviation departments continue to be strong, but the general 'dispute resolution group' and trade groups are de-motivated with high staff turnover.
Pay is low for the city at assistant levels, with 2 PQEs on £64K. Female partnership prospects are low.
The offices are battered and severely overcrowded, with boxes of files stored in halls because there is no room anywhere else. It is split between several premises with poor communication between them.
Support services are poor especially photocopying. Overseas offices are in much better shape, particularly in Mid East where Clyde sleads the field.
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