Burness
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
21.2
305
240.61
170-340
7.95
38
156.7
198.2
560.5
813.8
135
107
38
26
5
3
192
3.11
Scotland’s Burness regained the ground it lost during the 2008-09 financial year in 2009-10, earning itself a place back in the UK top 100 following a one-year hiatus.
The firm, which has offices in Edinburgh and Glasgow, saw turnover rise by 5 per cent, from £20.2m to £21.2m. A focus on cost-cutting had an even bigger impact on the bottom line, with net profit rising by 73 per cent, from £4.6m to £7.95m. This resulted in a greatly improved average profit per equity partner (PEP) and equity spread.
PEP was up by 94 per cent, from £157,000 to £305,000, while the equity spread, which went from £90,000 to £180,000 in 2008-09, ran from £170,000 to £340,000 last year – roughly the same level seen in 2007-08.
While property remains Burness’s greatest revenue generator, its share of the total fell from 37 per cent in 2008-09 to 29 per cent last year. Litigation’s share grew as a result.
Burness won a number of new clients last year, including Gala Coral, Whyte & Mackay and ITN.
UK 200 RESULTS 2009
Movement since 2008
Turnover (£M):
Revenue per fee-earner (£K):
Revenue per lawyer (£K):
Revenue per partner (£K):
Total number of fee-earners:
Total number of qualified lawyers:
Total number of partners:
Total number of female partners:
Total number of staff:
DOWN
20.2
141
173
470
143
117
43
7
239
