Turcan Connell

UK 200 RESULTS 2010

Position:
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):

94
UP

21.9
450
315
245-545
5.4
25
151.0
267.1
1,095.0
1,825.0
145
82
20
12
4
1
292
5.83

Scottish private client boutique Turcan Connell had a reasonable year in 2009-10, although its practice continued to suffer from the knock-on effect of the dearth of bank lending.

Turnover nudged up to £21.9m, while net profit was down by almost 10 per cent to £5.4m. This gave the firm a profit margin of 25 per cent, down slightly from 27 per cent the previous year.

Partners took home an average profit share of £450,000, with those at the bottom of the equity receiving £245,000 and those at the top pocketing £545,000.

While the firm’s main focus is private client, it also has a charities practice and acts for a variety of landowners.

Like most firms’, many of Turcan Connell’s clients have suffered as a result of the recession, meaning the double-digit growth it experienced at the beginning of the decade, after it spun out of Dundas & Wilson, has not been repeated in the past two years.

The firm operates a modified lockstep and has put an increasing emphasis on partner performance over the past few years.

UK 200 RESULTS 2009

Position:
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):