Tue, 21 May 2013
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14 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £324,000
Equity spread: £206,000-£481,000
Net profit: £12.3m
Profit margin: 26 per cent
Salaried partner remuneration: £110,000-£180,000
Revenue per lawyer: £242,000
Revenue per partner: £627,000
Revenue per equity partner: £1,237,000
Cost per lawyer: £179,000
Profit per lawyer: £63,000
No of partners: 75
No of equity partners: 38
No of female partners: 13
No of female equity partners: Five
Total no of fee-earners (including consultants, paralegals etc): 234
Total no of fee-earners (excluding consultants, paralegals etc): 194
Total no of staff: 483
Leverage ratio: 1:3.13
Equity partner to staff ratio: 1:6.53
Fee-earner to staff ratio: 1:1.06
Financial management: The firm has never taken on any debt.
Equity structure: Modified lockstep with 20 points. A partner joins the lockstep on 11 points, with each point currently worth £5,000. The balance is based on performance.
Billable hours targets: 1,500 for associates and partners. Some flexibility for exceptional cases.
Key clients: Accenture, BBC, Petronas, Whitbread.
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