Profit per equity partner: £303,000
Equity spread: £165,000-£345,000
Net profit: £12m
Profit margin: 19 per cent
Salaried partner remuneration: £85,000-£150,000
Revenue per lawyer: £206,000
Revenue per partner: £702,000
Revenue per equity partner: £1,374,000
Cost per lawyer: £168,000
Profit per lawyer: £38,000
No of partners: 92
No of equity partners: 47
No of female partners: 17
No of female equity partners: Six
Total no of fee-earners (including consultants, paralegals etc): 365
Total no of fee-earners (excluding consultants, paralegals etc): 314
Total no of staff: 699
Leverage ratio: 1:4.72
Equity partner to staff ratio: 1:6.47
Fee-earner to staff ratio: 1:0.83
Financial management: Lockup target last year 130 days, current 110. At end of last financial year achieved 123 (average WIP 56 days, average debtor days 67). Practice profile by revenue is corporate 23 per cent, finance 7, litigation 19, property 18, employment 13, tax 6, commercial 14. Average fixed capital contribution for equity partner is £120,000.
Equity structure: Modified lockstep with three categories of partner and four steps on the lockstep.
Billable hours targets: None
Key clients: ECI Partners, Evolution Beeson Gregory, 3i.