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17 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £236,000
Equity spread: £125,000-£450,000
Net profit: £14.7m
Profit margin: 37 per cent
Salaried partner remuneration: None
Revenue per lawyer: £184,000
Revenue per partner: £606,000
Revenue per equity partner: £606,000
Cost per lawyer: £117,000
Profit per lawyer: £68,000
No of partners: 66
No of equity partners: 66
No of female partners: 17
No of female equity partners: 17
Total no of fee-earners (including consultants, paralegals etc): 267
Total no of fee-earners (excluding consultants, paralegals etc): 217
Total no of staff: 445
Leverage ratio: 1:2.36
Equity partner to staff ratio: 1:2.70
Fee-earner to staff ratio: 1:0.67
Financial management: Lockup target 120 days, achieved 129 days (average WIP 53 days, average debtor days 76). The average fixed-capital contribution for equity partners is £160,000.
Equity structure: Merit-based remuneration.
Billable hours targets: No fixed firmwide targets set.
Key clients: Fife Health Board, Royal Bank of Scotland, Scottish Executive, Scottish and Southern Energy, Scottish Water, Standard Life, Transport Initiatives Edinburgh.
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