Kingsley Napley

UK 200 RESULTS 2010

Position:
Movement since 2009

Turnover (£M):
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Earnings per partner (£K):
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Net profit (£M):
Profit margin (%):
Revenue per fee-earner (£K):
Revenue per lawyer (£K):
Revenue per partner (£K):
Revenue per equity partner (£K):
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Leverage ratio (fee-earners per equity partner):

97
UP

21.5
425
175.61
290-520
4.25
20
156.9
238.9
524.4
2,150.0
137
90
41
10
15
3
221
8

Kingsley Napley added £2m to its turnover during 2009-10, taking total revenue at the litigation specialist from £19.5m to £21.5m and the firm into the upper half of The Lawyer’s top 200 this year.

Criminal and regulatory, clinical negligence and employment all exceeded budget, while corporate chipped in £2.4m and both property and family and private client generated £1.9m. Last year the net profit available for full equity partners was £4.25m, giving an average profit per equity partner of £425,000.

The equity shares on Kingsley Napley’s modified lockstep spread between £290,000 and £520,000.

Criminal and regulatory work remains the lynchpin of the Clerkenwell firm. However, the work profile has changed over the past decade, with legal aid work now accounting for only 1 per cent of the practice. The 14-partner criminal and regulatory group generated 41 per cent of the business, or £8.8m in turnover, during 2009-10.

The firm is targeting more public law and judicial review work, having hired Adam Chapman, formerly of the Treasury Solicitor’s Department and the Attorney General’s Office, earlier this year.

Another growth area is claimant clinical negligence. The group headed by Kate Rohde has invested in well-regarded lateral hires such as Dr Jock Mackenzie from Leigh Day and Stephanie Code, former clinical negligence head at Charles Russell. A third area of growth is employment, in which Kingsley Napley is gaining a reputation for advising City institutions, including magic circle firms.

UK 200 RESULTS 2009

Position:
Movement since 2008

Turnover (£M):
Revenue per fee-earner (£K):
Revenue per lawyer (£K):
Revenue per partner (£K):
Total number of fee-earners:
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108=
NEW ENTRY

19.4
162
218
539
120
89
36
14
216