Profit per equity partner: £224,000
Equity spread: £176,000-£316,000
Net profit: £12.8m
Profit margin: 35 per cent
Salaried partner remuneration: None
Revenue per lawyer: £171,000
Revenue per partner: £531,000
Revenue per equity partner: £820,000
Cost per lawyer: £110,000
Profit per lawyer: £61,000
No of partners: 68
No of equity partners: 44
No of female partners: 12
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc): 287
Total no of fee-earners (excluding consultants, paralegals etc): 211
Total no of staff: 542
Leverage ratio: 1:4.17
Equity partner to staff ratio: 1:5.8
Fee-earner to staff ratio: 1:0.9
Financial management: Lockup target 150, achieved 157. Average WIP 72 days, average debtor days 85. Practice profile by revenue is corporate 23 per cent, finance 4 per cent, litigation 22 per cent, property 29 per cent, employment 8 per cent. Average fixed capital contribution for an equity partner is £64,000.
Equity structure: Lockstep. Junior partners join on nine shares rising to 11. Full equity partners receive 15 shares, rising to 20 over a five-year period. The firm had 27 partners at the top of lockstep at year-end.
Billable hours targets: 1,400 associates, 1,100 or less depending on responsibilities for partners.
Key clients: Bank of Ireland, Bank of Scotland, East of England Development Agency, Trinity College Cambridge.