LG (Lawrence Graham)


The Lawyer UK 200

  • UK 200 Position: 41


  • Position: 43
    Firm: LG

    Turnover: £67.5m
    Profit per equity partner: £430K
    Earnings per partner: £330K
    Equity spread: £215K-£650K
    Net profit: £21m
    Profit margin: 31 per cent
    Revenue per fee-earner: £261K
    Revenue per lawyer: £331K
    Revenue per partner: £785K
    Revenue per equity partner: £1.38m
    Total number of fee-earners: 259
    Total number of qualified partners: 204
    Total number of partners: 86
    Total number of equity partners: 49
    Total number of female partners: 16
    Total number of female equity partners: 10
    Total number of staff: 480
    Leverage ratio (equity partners/fee-earners): 1:3.2



    INTERNAL PROMOTIONS
    2006-07: 0
    2005-06: 0
    2004-05: Real estate 3, business/finance 3

    LATERALS
    2006-07: Private client 1
    2005-06: Dispute resolution 1, business/finance 1
    2004-05: Business/finance 6, real estate 1

    Intake as percentage of partnership: 1.2
    New female partners as percentage of intake: 100
    Firms recruited from: Baker & McKenzie, Sidley Austin, Simmons & Simmons, Tite & Lewis
    Equity structure: 60 equity partners, 22 non-equity
    Practice area(s) most heavily promoted: Business/finance
    *Figures supplied relate to the calendar year

    Lawrence Graham has not made an internal promotion since 2004-05, when it made six, of which three were female. The majority of the seven laterals that year were from the former Ernst & Youngaffiliated firm Tite & Lewis.
    In 2006-07 the firm made one lateral hire in the private client sector, although business/finance remains a key focus, accounting for seven of the 10 laterals in the past three years.

    • Web: http://graduates.lg-legal.com
    • Telephone: +44 (0) 20 7379 0000
    • Fax: +44 (0) 20 7379 6854
    • No. of Trainees: 42
    • No. of Trainee Vacancies: 20-25
    • Training contract application deadline: 31-Jul-08
    • Selection
      • Individual interview: No
      • Panel interview: Yes
      • Assessment day: No
      • Psychometric test: No
      • Written exercise: No
    • No. of Seats: 4
    • Opportunities Abroad: No
    • Vacation Schemes
      • No. placements: 32
      • Summer vacation scheme application deadline: 31-Jan-08
    • GDL/CPE Intake: 40%
    • GDL/CPE funding
      • Fees: Yes
      • Maintenance: £4,500-£5,000
    • LPC funding
      • Fees: Yes
      • Maintenance: £4,500-£5,000
    • Salary/benefits
      • Start: £36,000
      • Qualification: £62,000
      • Season ticket loan: Yes
      • Healthcare: No
      • Pension scheme: No
      • Life assurance: Yes
      • Bonus scheme: No
      • Gym membership: No
      • Subsidised lunch: No