Position: 69
Firm: Farrer & Co Turnover: £37.1m
Profit per equity partner: £469K
Earnings per partner: £256K
Equity spread: £288K-£523K
Net profit: £8.9m
Profit margin: 24 per cent
Revenue per fee-earner: £227K
Revenue per lawyer: £265K
Revenue per partner: £595K
Revenue per equity partner: £1.95m
Total number of fee-earners: 163
Total number of qualified partners: 140
Total number of partners: 62
Total number of equity partners: 19
Total number of female partners: 14
Total number of female equity partners: 1
Total number of staff: 286
Leverage ratio (equity partners/fee-earners): 1:6.4
INTERNAL PROMOTIONS
2005-06: Employment 1, corporate 1, private client 1, family 3, litigation 1
2004-05: Charities 1
2003-04: Charities 1, estates 1, employment 1
LATERALS
2005-06: Corporate 1
2004-05: Employment 1, private client 1
2003-04: Corporate 1
Intake as percentage of partnership 2005-06: 14
New female partners as percentage of intake 2005-06: 50
Firms recruited from: Addleshaw Goddard, Manches, Nabarro Nathanson
Equity structure: 18 equity partners, 38 non-equity partners
Practice area(s) most heavily promoted: Private client, family,
Corporate 2005-06 was a good year for internal promotions at Farrer & Co, particularly in family, with no fewer than three partnership appointments. Private client has appointed one partner a year for the past two years, but in 2004-05 that partner was a lateral.
The biggest lateral push has been in corporate, with three out of four appointments in the past three years being external.
- Web: www.farrer.co.uk
- Telephone: 020 7242 2022
- Fax: 020 7242 9899
- No. of Trainees: 18
- No. of Trainee Vacancies: 10
- Training contract application deadline: 31-Jul-08
- Selection
- Individual interview: Yes
- Panel interview: No
- Assessment day: No
- Psychometric test: No
- Written exercise: No
- No. of Seats: 6
- Opportunities Abroad: No
- Vacation Schemes
- No. placements: 20
- Summer vacation scheme application deadline: 31-Jan-08
- GDL/CPE Intake: 60%
- GDL/CPE funding
- Fees: Yes
- Maintenance: £5,000
- LPC funding
- Fees: Yes
- Maintenance: £5,000
- Salary/benefits
- Start: £29,500
- Qualification: £47,000
- Season ticket loan: Yes
- Healthcare: Yes
- Pension scheme: Yes
- Life assurance: Yes
- Bonus scheme: No
- Gym membership: No
- Subsidised lunch: No
- Free taxis after hours: Yes