Denton Wilde Sapte – UK 100

Turnover: £174m

Profit per equity partner: £325,000

Equity spread: £195,000-£530,000

Net profit: £38.2m

Profit margin: 22 per cent

Salaried partner remuneration: £100,000-£180,000

Revenue per lawyer: £268,000

Revenue per partner: £921,000

Revenue per equity partner: £1,487,000

Cost per lawyer: £209,000

Profit per lawyer: £59,000

No of partners: 189

No of equity partners: 117

No of female partners: 55

No of female equity partners: 31

Total no of fee-earners (including consultants, paralegals etc): 816

Total no of fee-earners (excluding consultants, paralegals etc): 650

Total no of staff: 1,598

Leverage ratio: 1:3.94

Equity partner to staff ratio: 1:6.68

Fee-earner to staff ratio: 1:0.96

Financial management: Lockup target 117 days, achieved 118. Average WIP 33 days, average debtor 85.

Equity structure: Modified lockstep with 45 points allocated to a first-year partner, increasing in five-point increments to 90. 25 per cent of profit is allocated on a merit basis.

Billable hours targets: None

Key clients: Big four accountants, Sainsbury’s, Shell, GE.