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.
Total no of fee-earners (including consultants, paralegals etc): 729
Total no of fee-earners (excluding consultants, paralegals etc): 554
Total no of staff: 1,517
Leverage ratio: 1:3.20
Equity partner to staff ratio: 1:6.06
Fee-earner to staff ratio: 1:1.08
Financial management: Average WIP improved 11 per cent on 2002-2003 to 53.4 days. Average debtor days 44.5 days. "Negligible" debt, partners' capital contributions approximately £150,000.
Equity structure: Eight-year lockstep. The equity starts at 28 points and increases each year in equal percentages, with the plateau at 70 points. The past two years have seen Camerons gradually phasing out salaried partners and introducing all its partners to the equity. During the transition process, and for the purpose of PEP calculations, the firm is taking its equity as 130 (eight partners are on a fixed share equity). Next year the figure will be 138.
Billable hours targets: 1,600
Key clients: Lloyds TSB, Metronet, National Australia Bank, National Grid Transco, Taylor Woodrow Developments, The Wellcome Trust.