Browne Jacobson
UK 200 RESULTS 2010
Movement since 2009
Turnover (£M):
Profit per equity partner (£K):
Earnings per partner (£K):
Equity spread (£K):
Net profit (£M):
Profit margin (%):
Revenue per fee-earner (£K):
Revenue per lawyer (£K):
Revenue per partner (£K):
Revenue per equity partner (£K):
Total number of fee-earners:
Total number of qualified lawyers:
Total number of partners:
Total number of equity partners:
Total number of female partners:
Total number of female equity partners:
Total number of staff:
Leverage ratio (fee-earners per equity partner):
UP
32.9
244
125.65
110-300
3.9
12
127.0
167.9
476.8
2,056.3
259
196
69
16
16
5
465
11.25
After declining to participate in The Lawyer UK 200 2009, this year Nottingham-based Browne Jacobson revealed that its turnover was £32.9m for the 2009-10 financial year. This was a 7 per cent increase on the previous year’s audited figure of £30.8m.
In the previous year The Lawyer estimated turnover at the firm to be £31.3m and its average profit per equity partner (PEP) to be £237,000. Despite the increase in turnover, this
year we estimate PEP to have grown only slightly to £244,000. This is the result of the firm embarking on a recruitment drive, but also maintaining headline rates at the same level for three years.
Browne Jacobson boosted its total number of partners by four to 69 and its legal staff by 28 to 259 over this period.
Browne Jacobson, which has offices in Birmingham, London and Nottingham, has a strong reputation in the public sector.
Over the past year it was reappointed to the East Midlands Law Share – a consortium of 50 local authorities – and also made
it onto the new London Boroughs Legal Alliance.
UK 200 RESULTS 2009
Movement since 2008
Turnover (£M):
Profit per equity partner (£K):
Earnings per partner (£K):
Equity spread (£K):
Net profit (£M):
Profit margin (%):
Revenue per fee-earner (£K):
Revenue per lawyer (£K):
Revenue per partner (£K):
Revenue per equity partner (£K):
Total number of fee-earners:
Total number of qualified lawyers:
Total number of partners:
Total number of equity partners:
Total number of female partners:
Total number of female equity partners:
Total number of staff:
Leverage ratio (fee-earners per equity partner):
DOWN
31.3
237
122.4
131 - 263
4.5
14
125
166
467
1,841
250
189
67
17
17
5
500
10.12
Nottingham-based Browne Jacobson was among the firms that preferred not to disclose its financial results to The Lawyer this year.
We estimate that the firm’s turnover dropped from £34.8m in 2007-08 to £31.3m last year. Average profit per equity partner also fell, we estimate, from £354,000 to £237,000.
When these estimates were put to senior partner William Colacicchi over the summer he said, “We’re declining to take part [in The Lawyer UK 200] this year and the figures which you have produced are not accurate and not endorsed. We’ll not have accurate audited figures for some further time yet and we have not and will not make any internal or external announcements until we do.”
Sources say however that the firm’s property group, which acts for a number of house-builders, will have been hit hard by the downturn. The firm also refused to answer questions on whether or not it had embarked on a redundancy programme but sources said the number under consultation during the 2008-09 year could have been as high as 80 (out of a total staff count of around 500).
Other parts of Browne Jacobson’s practice including insurance and public sector are thought to have performed relatively well.
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