Farrer & Co


Position: 69
Firm: Farrer & Co

Turnover: £37.1m
Profit per equity partner: £469K
Earnings per partner: £256K
Equity spread: £288K-£523K
Net profit: £8.9m
Profit margin: 24 per cent
Revenue per fee-earner: £227K
Revenue per lawyer: £265K
Revenue per partner: £595K
Revenue per equity partner: £1.95m
Total number of fee-earners: 163
Total number of qualified partners: 140
Total number of partners: 62
Total number of equity partners: 19
Total number of female partners: 14
Total number of female equity partners: 1
Total number of staff: 286
Leverage ratio (equity partners/fee-earners): 1:6.4



INTERNAL PROMOTIONS
2005-06: Employment 1, corporate 1, private client 1, family 3, litigation 1
2004-05: Charities 1
2003-04: Charities 1, estates 1, employment 1

LATERALS
2005-06: Corporate 1
2004-05: Employment 1, private client 1
2003-04: Corporate 1
Intake as percentage of partnership 2005-06: 14

New female partners as percentage of intake 2005-06: 50
Firms recruited from: Addleshaw Goddard, Manches, Nabarro Nathanson
Equity structure: 18 equity partners, 38 non-equity partners
Practice area(s) most heavily promoted: Private client, family,

Corporate 2005-06 was a good year for internal promotions at Farrer & Co, particularly in family, with no fewer than three partnership appointments. Private client has appointed one partner a year for the past two years, but in 2004-05 that partner was a lateral.
The biggest lateral push has been in corporate, with three out of four appointments in the past three years being external.

  • Web: www.farrer.co.uk
  • Telephone: 020 7242 2022
  • Fax: 020 7242 9899
  • No. of Trainees: 18
  • No. of Trainee Vacancies: 10
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: Yes
    • Panel interview: No
    • Assessment day: No
    • Psychometric test: No
    • Written exercise: No
  • No. of Seats: 6
  • Opportunities Abroad: No
  • Vacation Schemes
    • No. placements: 20
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 60%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £5,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £5,000
  • Salary/benefits
    • Start: £29,500
    • Qualification: £47,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: No
    • Subsidised lunch: No
    • Free taxis after hours: Yes