Turnover: £23.6m Profit per equity partner: £449K Earnings per partner: £324K Equity spread: £270K-£600K Net profit: £7.5m Profit margin: 32 per cent Revenue per fee-earner: £207K Revenue per lawyer: £267K Revenue per partner: £803K Revenue per equity partner: £1.42m Total number of fee-earners: 114 Total number of qualified partners: 89 Total number of partners: 29 Total number of equity partners: 17 Total number of female partners: 13 Total number of female equity partners: 6 Total number of staff: 205 Leverage ratio (equity partners/fee-earners): 1:4.3
LATERALS 2006-07: 0 2005-06: Private client 2 2004-05: Construction 1
Intake as percentage of partnership: 0 New female partners as percentage of intake: 0 Equity structure: 15 equity partners, 19 non-equity Practice area(s) most heavily promoted: Property *Figures supplied relate to the calendar year
Unsurprisingly for a niche firm specialising in commercial property, that practice area is where the best opportunities have been for partnership promotions. Overall opportunities for partnership are limited, with only four promotions in the past three years, three of which were in the property team in 2005-06. The private client practice, tied closely to the firm’s property practice, is also growing, with one internal appointment and two laterals in 2005-06.