This year’s Business Leadership Report is a ‘must-have’ for any provider that wants to know what its clients are really thinking when it comes to selling legal services. The report focuses on the growing range of alternative legal services and innovations provided by both traditional firms and new model law entrants. It quizzes clients on their attitudes towards these services, their uptake of them and pinpoints which are head and shoulders above the rest... Read more
The UK 200 Real Estate report analyses the key trends in terms of leading firms’ use of property. As a starting point the report will analyse the total cost of a firm’s real estate including rent, rates and service charge and the total amount of square footage they control.
Eversheds has cracked the half-million profit per equity partner (PEP) mark for the first time, the firm’s financial year-end results reveal, as first revealed by The Lawyer (7 May, 2007).
The figures reveal PEP having risen 20 per cent for the second year running, bringing this year’s figure to £502,000 after 2005-06’s £422,000.
Turnover has risen 11 per cent to hit £356m, while total profit has grown 14 per cent to hit £75.3m.
Chief executive officer (CEO) David Gray said that the figures show that the firm’s strategic plan, revealed by The Lawyer (26 March), is succeeding.
“Once again, profitability has been one of our key targets over the past year, and with PEP breaking the £500,000 barrier, we have proven our ability to deliver on our promises. Our firm is designed to thrive whatever the market conditions - our model is not one which will follow any boom or bust in the economy.”
As reported by The Lawyer (The UK 100 2006), Eversheds partners will this year be paid via a new remuneration system voted in last year. Under the new system, remuneration is entirely merit-based and partners are paid according to criteria including fee-income generation, profit and strategic value, and client relationship building.