Herbert Smith

The Lawyer UK 200

  • UK 200 Position: 9
  • UK 200…


 

Position: 7
Firm:Herbert Smith

Turnover: £421.8m
Profit per equity partner: £1,036K
Earnings per partner: £778K
Equity spread: £538K-£1,250K
Net profit: £147.2m
Profit margin: 35 per cent
Revenue per fee-earner: £319K
Revenue per lawyer: £431K
Revenue per partner: £1,842K
Revenue per equity partner: £2.97m
Total number of fee-earners: 1,324
Total number of qualified partners: 979
Total number of partners: 229
Total number of equity partners: 142
Total number of female partners: 31
Total number of female equity partners: 15
Total number of staff: 2,235
Leverage ratio (equity partners/fee-earners):1:5.9

 

 

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INTERNAL PROMOTIONS
2006-07: Corporate 4, finance 1, real estate 3, litigation 1, employment 1
2005-06: Corporate 4, finance 2, real estate 1, litigation 1, projects 1
2004-05: Corporate 3, finance 1, real estate 2, litigation 5, competition 1, projects 1

LATERALS
2006-07: Finance 4, litigation 2
2005-06: Finance 2, real estate 1, litigation 2, competition 1, employment 1
2004-05: Corporate 1, litigation 1

Intake as percentage of partnership: 7.2
New female partners as percentage of intake: 18.8
Firms recruited from: Denton Wilde Sapte, Lovells, Norton Rose, Siam Premier
Equity structure: 146 equity partners, 75 non-equity
Practice area(s) most heavily promoted: Corporate, real estate
*Figures supplied relate to the calendar year

Herbert Smith has appointed 47 partners in the past three years, 32 of whom were internal promotions and 15 lateral hires. Only five were women. Corporate in London has continued to do well, scooping eight of the firm’s internal appointments since 2004-05.
The City’s real estate group also boasts a good track record for promotions, with three awarded in 2006-07. Notably, litigation/arbitration and finance have not kept pace with either real estate or corporate, receiving only two and three promotions respectively in the past two years.
However, the London finance group has led the lateral hires with four in the past two years, followed by litigation and arbitration with three.
IP/IT, meanwhile, has not seen any partnership appointments since 2003-04, when there was one internal promotion in London and one lateral hire in Paris.
Hong Kong was the only other office to receive an internal appointment in 2006-07, while Tokyo and Paris received one apiece the previous year.

 

 

  • Web:
     

    www.herbertsmith.com

  • Telephone: 020 7466 3138
  • Fax: 020 7374 8000
  • No. of Trainees: 180
  • No. of Trainee Vacancies: 105
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: No
    • Panel interview: Yes
    • Assessment day: No
    • Psychometric test: No
    • Written exercise: No
  • No. of Seats: 4
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 80
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake:
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £5,000 – £6,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,000
  • Salary/benefits
    • Start: £36,000
    • Qualification: £64,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: Yes
    • Gym membership: Yes
    • Subsidised lunch: Yes
    • Free taxis after hours: Yes