Profit per equity partner: £475,000
Equity spread: £97,500-£260,000
Net profit: £54.6m
Profit margin: 20 per cent
Salaried partner remuneration: £80,000-£300,000
Revenue per lawyer: £227,000
Revenue per partner: £736,000
Revenue per equity partner: £2,437,000
Cost per lawyer: £182,000
Profit per lawyer: £45,000
No of partners: 374
No of equity partners: 113
No of female partners: 64
No of female equity partners: 11
Total no of fee-earners(including consultants, paralegals etc): 1,904
Total no of fee-earners(excluding consultants, paralegals etc): 1,212
Total no of staff: 3,529
Leverage ratio: 1:7.42
Equity partner to staff ratio: 1:14.38
Fee-earner to staff ratio: 1:0.85
Financial management: Average lockup 165 days. Average fixed capital contribution for an equity partner £300,000.
Equity structure: Merit-based remuneration system. Recommendations are made by the executive (Nigel Knowles and Andrew Darwin) to a committee, which then consults among the partnership and makes an award. One partner (Knowles) at the top of equity last year. The next partner is £100,000 less and the next £50,000 less.
Billable hours targets: 1,300
Key clients: Barclays, HBOS, National Health Service (the firm’s largest client last year), Royal Bank of Scotland.