Fox Williams

Turnover (£m):

14.8
RPL (£k): 269

After years of staying under the radar, City boutique Fox Williams has opened up on its ­financials this year with a £14.8m turnover, a rise of 6 per cent from 2009-10. Profitability is good: a net profit of £4.7m equates to a margin of 32 per cent and the firm’s average profit per equity partner figure stands at £338,000.

Fox Williams has 14 equity partners, with an equity spread ranging from £170,000 to £467,000. Partners sit on a modified lockstep and can be moved up or down depending on performance. Remuneration decisions are made by a committee, which is elected ­annually. The firm also employed nine fixed-share partners last year, who can also receive performance-related bonuses.

Fox Williams’ strongest department is ­corporate, although it plans to diversify along practice area lines, and aims to hire in ­financial services, professional ­services, fashion law, technology and energy and natural ­resources.