Edwards Geldard – UK 100

Turnover: £19.7m

Profit per equity partner: £212,000

Equity spread: £100,000-£250,000

Net profit: £5.1m

Profit margin: 26 per cent

Salaried partner remuneration: N/A

Revenue per lawyer: £161,000

Revenue per partner: £419,000

Revenue per equity partner: £821,000

Cost per lawyer: £120,000

Profit per lawyer: £42,000

No of partners: 47

No of equity partners: 24

No of female partners: 13

No of female equity partners: Two

Total no of fee-earners (including consultants, paralegals etc): 164

Total no of fee-earners (excluding consultants, paralegals etc): 122

Total no of staff: 347

Leverage ratio: 1:3.13

Equity partner to staff ratio: 1.7.63

Fee-earner to staff ratio: 1:1.12

Financial management: Lockup target is 150 days, achieved 166 (average WIP 103, average debtor days 63). Practice profile by revenue is corporate 22 per cent, commercial 13, litigation 23, property 24, employment 7, others 11. The average fixed capital contribution for an equity partner is £150,000. The firm has not made any adjustment in the figures for FRS5.

Equity structure: Modified lockstep with 10 steps. There were nine partners at the top of equity last year.

Billable hours targets: 1,500 assistants, 1,000 partners.

Key clients: Balfour Beatty, Millennium Stadium, PowerGen, Royal Bank of Scotland, Thames Water, Welsh Water.