Davies Arnold Cooper – UK 100

Turnover: £30m

Profit per equity partner: £278,000

Equity spread: £200,000-£400,000

Net profit: £6.4m

Profit margin: 21 per cent

Salaried partner remuneration: £85,000

Revenue per lawyer: £203,000

Revenue per partner: £556,000

Revenue per equity partner: £1,304,000

Cost per lawyer: £159,000

Profit per lawyer: £43,000

No of partners: 54

No of equity partners: 23

No of female partners: 10

No of female equity partners: Three

Total no of fee-earners (including consultants, paralegals etc): 169

Total no of fee-earners (excluding consultants, paralegals, etc): 148

Total no of staff: 315

Leverage ratio: 1:4.09

Equity partner to staff ratio: 1:6.35

Fee-earner to staff ratio: 1:0.86

Financial management: Lockup target 120 days, achieved 155 (WIP 70 days and debtor days 85 at year-end). Average capital contributions £140,000.

Equity structure: DAC operates a modified lockstep of 2:1, with an annual performance review enabling movement both up and down. It normally takes six years to reach the top of equity and there are currently four plateau partners.

Billable hours targets: 1,600 assistants, 1,200 partners.

Key clients: Balfour Beatty, Crest Nicholson, Equitas, Jacobs, Madison.