Fri, 17 May 2013
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14 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £485,000
Equity spread: £150,000-£550,000
Net profit: £23.2m
Profit margin: 25 per cent
Salaried partner remuneration: £75,000
Revenue per lawyer: £146,000
Revenue per partner: £1,096,000
Revenue per equity partner: £1,896,000
Cost per lawyer: £109,000
Profit per lawyer: £37,000
No of partners: 83
No of equity partners: 48
No of female partners: 19
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc): 784
Total no of fee-earners (excluding consultants, paralegals etc): 623
Total no of staff: 1,797
Leverage ratio: 1:11.25
Equity partner to staff ratio: 1:21.1
Fee-earner to staff ratio: 1:1.29
Financial management: Figures for WIP and debtor days were not available for Irwin Mitchell,
but given the firm's profile as a primarily personal injury and litigation focused firm, lockup is likely to be high.
Equity structure: Merit-based remuneration.
Billable hours targets: Assistants 1,500, partners 1,250.
Key clients: Allied Irish Bank, Amicus, BMA, Esso, Esure, First Assist, HSBC, Henry Boot Developments, RBS (Direct Line, Churchill, UKI), River Island, Thorntons, Zurich.
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