Profit per equity partner: £289,000
Equity spread: £200,000-£350,000
Net profit: £5.2m
Profit margin: 19 per cent
Salaried partner remuneration: £85,000-£190,000
Revenue per lawyer: £238,000
Revenue per partner: £485,000
Revenue per equity partner: £1,483,000
Cost per lawyer: £192,000
Profit per lawyer: £46,000
No of partners: 55
No of equity partners: 18
No of female partners: 14
No of female equity partners: Two
Total no of fee-earners (including consultants, paralegals etc): 140
Total no of fee-earners (excluding consultants, paralegals etc): 112
Total no of staff: 281
Leverage ratio: 1:3.17
Equity partner to staff ratio: 1:7.83
Fee-earner to staff ratio: 1:1.01
Financial management: Lockup figures were not available, but given Farrer’s reputation for private client work it is likely to be long. Private client is the largest practice area, although family is the most profitable.
Equity structure: Modified lockstep.
Billable hours targets: 1,250
Key clients: Dame Shirley Porter, QMH, The National Gallery, UK Athletics.