Pinsent Masons


Position: 14 =
Firm: Pinsent Masons

Turnover: £213m
Profit per equity partner: £500K
Earnings per partner: £280K
Equity spread: £250K-£650K
Net profit: £54m
Profit margin: 25 per cent
Revenue per fee-earner: £195K
Revenue per lawyer: £233K
Revenue per partner: £801K
Revenue per equity partner: £1.97m
Total number of fee-earners: 1,094
Total number of qualified partners: 915
Total number of partners: 266
Total number of equity partners: 108
Total number of female partners: 60
Total number of female equity partners: 11
Total number of staff: 1,760
Leverage ratio (equity partners/fee-earners): 1:7.5


INTERNAL PROMOTIONS
2006-07: Construction/energy 3, corporate 1, employment 2, technology/ commercial 2, property 3, pensions/tax 1
2005-06: Banking 1, construction/energy 1, corporate 3, pensions/tax 1, projects 1, energy 2, property 3, litigation 1, technology/commercial, 3, insurance 2
2004-05: Banking 1, corporate 4, employment 1, litigation 2, real estate 4, pensions 1, projects 2, tax 1, technology/media 1

LATERALS
2006-07: Banking 2, construction 1, corporate 4, employment 1, outsourcing/technology/ commercial 1, pensions 2
2005-06: Banking 2, property 1, corporate 1
2004-05: Banking 1, projects 1, property 1

Intake as percentage of partnership: 9.2
New female partners as percentage of intake: 43.5
Firms recruited from: Brodies, Dundas & Wilson, Eversheds, Freshfields Bruckhaus Deringer, Halliwells, Hammonds, McGrigors, Olswang
Equity structure: 105 equity partners, 145 non-equity
Practice area(s) most heavily promoted: Corporate, property, UK construction/engineering
*Figures supplied relate to the calendar year

Pinsent Masons has made serious investment in internal promotions, with 47 in three years. Furthermore, the firm’s regional associates have a good chance of making the partnership. In three years Birmingham has had 10 out of the 47 (although none in 2006) and Leeds has done particularly well with a total of 15. London has reaped 16 new partners. Leeds did particularly well in the most recent round, with six out of a total of 12, with London gaining four.

Lateral hiring has also propelled partnership growth. In the two years after the Pinsents-Masons merger, the firm recruited seven new lawyers, but in 2006-07 it went on a hiring spree with an additional 11 partners brought in. Of those, four went to Edinburgh, Leeds and London each got two, with corporate and banking/finance the favoured sectors.

Half of the lateral hires in 2006-07 have been women, while the internal promotions round saw four women get the nod.

  • Web: www.pinsentmasons.com/graduate
  • Telephone: 0113 294 5172
  • Fax: 0113 244 8000
  • No. of Trainees: 125
  • No. of Trainee Vacancies: 55
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: Yes
    • Panel interview: Yes
    • Assessment day: Yes
    • Psychometric test: No
    • Written exercise: No
    • Presentation: Yes
  • No. of Seats: 4
  • Opportunities Abroad: No
  • Vacation Schemes
    • No. placements: 150
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 25%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,000
  • Salary/benefits
    • Start (London): £36,000
    • Qualification (London): £60,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: Yes
    • Subsidised lunch: No