Halliwells – UK 100

Turnover: £40.4m

Profit per equity partner: £360,000

Equity spread: £130,000-£480,000

Net profit: £10.8m

Profit margin: 27 per cent

Salaried partner remuneration: £90,000

Revenue per lawyer: £199,000

Revenue per partner: £532,000

Revenue per equity partner: £1,347,000

Cost per lawyer: £146,000

Profit per lawyer: £53,000

No of partners: 76

No of equity partners: 30

No of female partners: 20

No of female equity partners: Five

Total no of fee-earners (including consultants, paralegals etc): 312

Total no of fee-earners (excluding consultants, paralegals etc): 203

Total no of staff: 660

Leverage ratio: 1:4.23

Equity partner to staff ratio: 1:11.6

Fee-earner to staff ratio: 1:1.12

Financial management:

Average debtor days at year end is 49.

Equity structure: Merit-based system with an element of modified lockstep for new equity partners. It takes four years to reach the top of the lockstep, before remuneration becomes entirely merit-based. There was one partner at the top of equity last year.

Billable hours targets: Assistants 1,500, partners 1,100.

Key clients: AIG, Norwich Union.