Howard Kennedy – UK 100

Turnover: £22m

Profit per equity partner: £200,000

Equity spread: £150,000-£300,000

Net profit: £5.5m

Profit margin: 25 per cent

Salaried partner remuneration: £65,000

Revenue per lawyer: £188,000

Revenue per partner: £349,000

Revenue per equity partner: £1,158,000

Cost per lawyer: £141,000

Profit per lawyer: £47,000

No of partners: 63

No of equity partners: 19

No of female partners: Nine

No of female equity partners: One

Total no of fee-earners (including consultants, paralegals etc): 117

Total no of fee-earners (excluding consultants, paralegals etc): 106

Total no of staff: 269

Leverage ratio: 1:2.84

Equity partner to staff ratio: 1:8.58

Fee-earner to staff ratio: 1:1.54

Financial management: Lockup target 120-150 days, achieved 149 days (average WIP 69 days, average debtor days 80). Average equity partner capital contributions £210,000.

Equity structure: Merit-based.

Billable hours targets: 1,150.

Key clients: Abbey, Ask Central, Edwardian Group, ING Real Estate Development.