Freethcartwright – UK 100

Turnover: £21.6m

Profit per equity partner: £146,000

Equity spread: £100,000-£190,000

Net profit: £4.4m

Profit margin: 20 per cent

Salaried partner remuneration: £50,000-£105,000

Revenue per lawyer: £158,000

Revenue per partner: £386,000

Revenue per equity partner: £720,000

Cost per lawyer: £126,000

Profit per lawyer: £32,000

No of partners: 56

No of equity partners: 30

No of female partners: 11

No of female equity partners: Three

Total no of fee-earners (including consultants, paralegals etc): 201

Total no of fee-earners (excluding consultants, paralegals etc): 137

Total no of staff: 446

Leverage ratio: 1:2.7

Equity partner to staff ratio: 1:8.17

Fee-earner to staff ratio: 1:1.22

Financial management: Six months lockup (WIP 120 days, debtor days 75-80). Practice profile by revenue is corporate at 27 per cent, litigation at 26 per cent, property at 36 per cent.

Equity structure: Meritocratic profit-sharing system. Five-year performance rating. Firm is headed by a non-lawyer chairman and chief executive with a senior management board of 11 elected partners and an executive board of the chairman, CEO and four appointed partners.

Billable hours targets: 1,200-1,390 associates, 1,200 partners.

Key clients: Polestar, Experion, Bellway, Nottinghamshire County Council, Barratt Homes, Mansell Construction.