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
Intake as percentage of partnership: 16.1 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
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.