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
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.