Clyde & Co


The Lawyer UK 200

  • UK 200 Position: 20
  • UK 200 S…



Position: 19 h
Firm: Clyde & Co

Turnover: £157m
Profit per equity partner: £550K
Earnings per partner: £393K
Equity spread: £290K-£780K
Net profit: £47m
Profit margin: 30 per cent
Revenue per fee-earner: £240K
Revenue per lawyer: £321K
Revenue per partner: £1,106K
Revenue per equity partner: £1.80m
Total number of fee-earners: 653
Total number of qualified partners: 489
Total number of partners: 142
Total number of equity partners: 87
Total number of female partners: 17
Total number of female equity partners: 10
Total number of staff: 1,238
Leverage ratio (equity partners/fee-earners): 1:4.6



INTERNAL PROMOTIONS
2006-07: Corporate 4, insurance 1, real estate 1, shipping 2
2005-06: Aviation 1, corporate 2, insurance 1, litigation 1, real estate 1, shipping 1
2004-05: Aviation 1, corporate 2, insurance 1, litigation 1, real estate 1, shipping 1

LATERALS
2006: Aviation 6, corporate 5, insurance 4
2005: Aviation 15, insurance 1, real estate 1, shipping 1
2004: Aviation 1, corporate 4, energy 2, insurance 1

Intake as percentage of partnership: 16.1
New female partners as percentage of intake: 8.7
Firms recruited from: Beaumont & Son, DLA Piper, Holman Fenwick & Willan
Equity structure: 85 equity partners, 58 non-equity
Practice area(s) most heavily promoted: Corporate
*Figures supplied relate to the calendar year

In the past three years Clyde & Co has added 63 to its partnership but has seen 23 depart. Of those additions, only 22 were internal promotions, while 41 were lateral hires, although this does include the 15 aviation partners that joined through the 2005 merger with aviation boutique Beaumont & Son.

The largest partnership growth has been in corporate with 17 additions, while the firm’s historically dominant insurance practice only saw nine. London continued to dominate partnership appointments, taking 12 of the 22 promotions handed out in the past three years.

  • Web: www.clydeco.com
  • Telephone: 020 7623 1244
  • Fax: 020 7623 5427
  • No. of Trainees: 24
  • No. of Trainee Vacancies: 24
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: Yes
    • Panel interview: No
    • Assessment day: Yes
    • Psychometric test: Yes
    • Written exercise: Yes
    • Presentation: No
  • No. of Seats: 4
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 20
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 50%-60%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £7,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,000
  • Salary/benefits
    • Start: £35,000
    • Qualification: £64,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: Yes
    • Subsidised lunch: No
    • Free taxis after hours: No