Bond Pearce – UK 100

Turnover: £36.8m

Profit per equity partner: £210,000

Equity spread: £164,000-£233,000

Net profit: £9.3m

Profit margin: 25 per cent

Salaried partner remuneration: Average of £96,000 for fixed share partners.

Revenue per lawyer: £158,000

Revenue per partner: £603,000

Revenue per equity partner: £1,022,000

Cost per lawyer: £118,000

Profit per lawyer: £40,000

No of partners: 61

No of equity partners: 36

No of female partners: 18

No of female equity partners: N/A

Total no of fee-earners (including consultants, paralegals etc): 355

Total no of fee-earners (excluding consultants, paralegals etc): 233

Total no of staff: 675

Leverage ratio: 1:3.48

Equity partner to staff ratio: 1:8.89

Fee-earner to staff ratio: 1:0.9

Financial management: Practice profile by revenue – commercial litigation 57 per cent, corporate and finance 20 per cent, property 23 per cent.

Equity structure: Modified seven-year lockstep with a small bonus pool. New partners spend three years on a fixed share before moving on to the lockstep. Partners can be accelerated, frozen or demoted on the lockstep at an annual review.

Billable hours targets: None

Key clients: Amerada Hess, Barclays, Oasis, Royal Mail.