Morgan Cole


The Lawyer UK 200

  • UK 200 Position: 80
  • UK 200…



Position: 79
Firm: Morgan Cole

Turnover: £32.1m
Profit per equity partner: £241K
Earnings per partner: £226K
Equity spread: £168K-£301K
Net profit: £9.7m
Profit margin: 30 per cent
Revenue per fee-earner: £124K
Revenue per lawyer: £217K
Revenue per partner: £643K
Revenue per equity partner: £0.94m
Total number of fee-earners: 258
Total number of qualified partners: 148
Total number of partners: 50
Total number of equity partners: 34
Total number of female partners: 13
Total number of female equity partners: 10
Total number of staff: 437
Leverage ratio (equity partners/fee-earners): 1:3.4



INTERNAL PROMOTIONS
2006-07: 0
2005-06: Health 1, IT 1, disputes 1
2004-05: IP 1, corporate 1, banking 1

LATERALS
2006: 0
2005: Corporate 1
2004: 0

Intake as percentage of partnership: 0
New female partners as percentage of intake: 0
Equity structure: 38 equity partners, 11 non-equity
Practice area(s) most heavily promoted: Corporate
*Figures supplied relate to the calendar year

Promotions at Morgan Cole ground to a halt this year with no lawyers promoted to the partnership in 2006-07. The firm nevertheless has a clear preference for home-grown partners, having made six of its seven appointments to the partnership over the past three years from within. These have been across a range of disciplines, with the nearest to a ‘trend’ being two appointments into the corporate team. Morgan Cole claims to operate a formal flexible working policy, but was unwilling to disclose details.

  • Web: www.morgan-cole.com/careers
  • Telephone: 02920 385 385
  • Fax: 02920 385 300
  • No. of Trainees: 24
  • No. of Trainee Vacancies: 12
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: No
    • Panel interview: No
    • Assessment day: Yes
    • Psychometric test: No
    • Written exercise: No
  • No. of Seats: 4
  • Opportunities Abroad: No
  • Vacation Schemes
    • No. placements: 65
    • Summer vacation scheme application deadline: 30-Apr-08
  • GDL/CPE Intake: Not disclosed
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £1,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £1,000
  • Salary/benefits
    • Start: £17,000 (Wales) / £19,000 (Thames Valley)
    • Qualification: £35,000 (Wales) / £39,000 (Thames Valley)
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: No
    • Subsidised lunch: No