Profit per equity partner: £327,000
Equity spread: £199,000-£550,000
Net profit: £14.1m
Profit margin: 20 per cent
Salaried partner remuneration: Up to £250,000 (including bonus)
Revenue per lawyer: £325,000
Revenue per partner: £698,000
Revenue per equity partner: £1,672,000
Cost per lawyer: £262,000
Profit per lawyer: £64,000
No of partners: 103
No of equity partners: 43
No of female partners: 12
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc: 315
Total no of fee-earners (excluding consultants, paralegals etc): 221
Total no of staff: 641
Leverage ratio: 1:2.74
Equity partner to staff ratio: 1:7.58
Fee-earner to staff ratio: 1:1.03
Financial management: Lockup target 120 days, achieved 127 (average WIP 39 days, average debtor days 88). Average fixed capital contribution for an equity partner is up to £250,000.
Equity structure: Merit-based system decided by an annually elected six-person committee. Decided on a variety of performance indicators, including fees generated, business development and client relations.
Billable hours targets: Associates 1,450, partners 1,300.
Key clients: Aventis, Bayer, British Telecom, local and central government, Standard Chartered Bank.