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Turnover: £24.5m Profit per equity partner: £285K Earnings per partner: £184K Equity spread: £157K-£295K Net profit: £7.1m Profit margin: 29 per cent Revenue per fee-earner: £142K Revenue per lawyer: £169K Revenue per partner: £500K Revenue per equity partner: £0.98m Total number of fee-earners: 173 Total number of qualified partners: 145 Total number of partners: 49 Total number of equity partners: 25 Total number of female partners: 12 Total number of female equity partners: 2 Total number of staff: 308 Leverage ratio (equity partners/fee-earners): 1:4.8
Intake as percentage of partnership: 1.9 New female partners as percentage of intake: 0 Equity structure: 27 equity, 27 non-equity Practice area(s) most heavily promoted: Corporate, insolvency, real estate *Figures supplied relate to the calendar year
Geldards rarely makes a lateral partner hire, preferring to grow the partnership organically, albeit at a slow pace. Despite this strategy, the firm actively recruits at associate level. In 2006-07 Geldards boosted its commercial property team in Nottingham with the hire of six solicitors from Eversheds, Freeth Cartwright and Wragge & Co.