Fri, 24 May 2013
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14 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £330,000
Equity spread: £214,000-£495,000
Net profit: £56.7m
Profit margin: 19 per cent
Salaried partner remuneration: £80,000-£150,000
Revenue per lawyer: £173,000
Revenue per partner: £884,000
Revenue per equity partner: £1,722,000
Cost per lawyer: £140,000
Profit per lawyer: £33,000
No of partners: 335
No of equity partners: 172
No of female partners: 82
No of female equity partners: 25
Total no of fee-earners(including consultants, paralegals etc): 1,942
Total no of fee-earners (excluding consultants, paralegals etc): 1,712
Total no of staff: 3,690
Leverage ratio: 1:8.01
Equity partner to staff ratio: 1:10.16
Fee-earner to staff ratio: 1:0.9
Financial management: Eversheds is fairly prudent. It borrows from time to time but is currently in credit. Partner capital contributions average £190,000-£200,000.
Equity structure: Modified lockstep. Each equity partner has a guaranteed basic of £125,000. Profits are split between the lockstep, which runs from one to six points, and a performance-based pool.
Billable hours targets: Assistants 1,500, partners 1,200.
Key clients: ABN Amro, DuPont, HSBC Holdings.
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