The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Position: 64 (same as last year) Firm: Howard Kennedy
Turnover: £44m Profit per equity partner: £618K Earnings per partner: £246K Equity spread: £295K-£900K Net profit: £10.5m Profit margin: 24 per cent Revenue per fee-earner: £291K Revenue per lawyer: £373K Revenue per partner: £657K Revenue per equity partner: £2.59m Total number of fee-earners: 151 Total number of qualified partners: 118 Total number of partners: 67 Total number of equity partners: 17 Total number of female partners: 0 Total number of female equity partners: 0 Total number of staff: 0 Leverage ratio (equity partners/fee-earners): 1:5.9
Intake as percentage of partnership: 14.7 New female partners as percentage of intake: 30 Equity structure: 18 equity partners, 50 non-equity Practice area(s) most heavily promoted: Property, corporate *Figures supplied relate to the calendar year
In the past four years Howard Kennedy has favoured lateral hires to expand its partnership, with 25 external hires compared with 13 internal appointments. Only one of the laterals had been female until 2006-07, when the firm hired an equal number of men and women, although there were no internal female appointments. Property remains the key sector for internal promotions, followed by corporate/commercial, but on the lateral side the firm bolstered its media and entertainment practice with three hires in three years, with corporate bagging five.