Travers Smith


The Lawyer UK 200

  • UK 200 Position: 33
  • UK 20…



Position: 36 m
Firm: Travers Smith

Turnover: £81m
Profit per equity partner: £755K
Earnings per partner: £621K
Equity spread: £378K-£1,050K
Net profit: £36.2m
Profit margin: 45 per cent
Revenue per fee-earner: £289K
Revenue per lawyer: £346K
Revenue per partner: £1,266K
Revenue per equity partner: £1.69m
Total number of fee-earners: 280
Total number of qualified partners: 234
Total number of partners: 64
Total number of equity partners: 48
Total number of female partners: 6
Total number of female equity partners: 6
Total number of staff: 460
Leverage ratio (equity partners/fee-earners): 1:3.9


INTERNAL PROMOTIONS
2006-07: Corporate 2, employment 1, tax 1
2005-06: Corporate 3, pensions 1, property 1
2004-05: 0

LATERALS
2006: 0
2005: 0
2004: 0

Intake as percentage of partnership: 7
New female partners as percentage of intake: 0
Equity structure: 47 equity partners, 10 non-equity
Practice area(s) most heavily promoted: Corporate
*Figures supplied relate to the calendar year

Travers Smith went soft and cuddly in 2006, introducing the alternative career path to partnership of counsel role.

Although there is some way to go before anything close to parity is reached (only 13 per cent of equity partners are female), the firm can lay claim to 4 per cent of the equity partnership coming from ethnic minorities.

Internal promotions remain the firm’s growth model, with four in 2006 and five in 2005. There have been no lateral hires in more than four years. Corporate remains the most prolific department with five of the appointments in the past two years.

  • Web: www.traverssmith.com
  • Telephone: 020 7295 3546
  • Fax: 020 7295 3000
  • No. of Trainees: 36
  • No. of Trainee Vacancies: 25
  • 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: 4
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 45
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 50%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,500-£7,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £6,500-£7,000
  • Salary/benefits
    • Start: £36,000
    • Qualification: £64,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: No
    • Gym membership: Yes
    • Subsidised lunch: Yes
    • Free taxis after hours: Yes