Hill Dickinson – UK 100

Turnover: £40.1m

Profit per equity partner: £221,000

Equity spread: £151,000-£305,000

Net profit: £9.7m

Profit margin: 24 per cent

Salaried partner remuneration: £78,000

Revenue per lawyer: £168,000

Revenue per partner: £355,000

Revenue per equity partner: £911,000

Cost per lawyer: £127,000

Profit per lawyer: £41,000

No of partners: 113

No of equity partners: 44

No of female partners: 22

No of female equity partners: Six

Total no of fee-earners (including consultants, paralegals etc): 375

Total no of fee-earners (excluding consultants, paralegals etc): 239

Total no of staff: 739

Leverage ratio: 1:3.46

Equity partner to staff ratio: 1:3.27

Fee-earner to staff ratio: 1:0.97

Financial management: WIP at year end 149 days, with 69 debtor days.

Equity structure: Modified lockstep with partners moving up one step each year based on performance. A formal three-year review by a committee chaired by managing partner David Wareing can move partners up or down the lockstep or maintain their position. Plateau is at eight years, but there is also a super plateau for senior partners. There are currently seven partners at the top of lockstep.

Billable hours targets: 1,400 assistants and partners.

Key clients: Barclays, KwikSave, Liverpool City Council, Mersey Docks, NCP, Royal Bank of Scotland, Royal Liver Assurance, Somerfield, United Utilities.