Fri, 24 May 2013
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19 January 2005
UK/global turnover: £8.6m/£160m
UK/global PEP: £335,000/£256,000
UK/global revenue per lawyer: £287,000/£254,000
UK revenue per partner/equity partner: £900,000/£1.2m
Global revenue per equity partner: £900,000
UK/global number of partners: 7(10)/170
UK/global number of lawyers: 30/630
UK number of staff: 48
UK/global leverage ratio: 1:3.1/1:2.7
UK equity partner to staff ratio: 1:6.8
Equity structure: Modified lockstep. Salaried partners can expect to enter equity after two to three years.
Billable hours targets: 1,600
Billing currency: Majority sterling with a small percentage in dollar.
Cost of living details: No US secondees in London. No cost of living allowance.
UK-based lawyer remuneration: Equity partners, at present, are paid in dollars at a rate of $1.53 – the average dollar rate over three years. All other lawyers are paid in sterling.
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