Fri, 24 May 2013
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17 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £175,000
Equity spread: £120,000-£200,000
Net profit: £2.5m
Profit margin: 16 per cent
Salaried partner remuneration: N/A
Revenue per lawyer: £167,000
Revenue per partner: £475,000
Revenue per equity partner: £1,013,000
Cost per lawyer: £140,000
Profit per lawyer: £27,000
No of partners: 32
No of equity partners: 15
No of female partners: 12
No of female equity partners: Four
Total no of fee-earners (including consultants, paralegals etc): 133
Total no of fee-earners (excluding consultants, paralegals etc): 91
Total no of staff: 290
Leverage ratio: 1:3.93
Equity partner to staff ratio: 1:10.47
Fee-earner to staff ratio: 1:1.18
Financial management: Average WIP 65 days at selling price, average debtor days 70. Average fixed-capital contribution for an equity partner £53,000.
Equity structure: Modified lockstep.
Billable hours targets: 1,350 for partners.
Key clients: Beaver Housing Society, Guinness Trust, London Oratory School, Baker Tilly, Fender Europe, National Grid Lattice, Lloyds TSB, Thistle Hotels.
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