Profit per equity partner: £265,000
Equity spread: £160,000-£290,000
Net profit: £6.4m
Profit margin: 25 per cent
Salaried partner remuneration: £130,000 average
Revenue per lawyer: £239,000
Revenue per partner: £534,000
Revenue per equity partner: £1,046,000
Cost per lawyer: £178,000
Profit per lawyer: £61,000
No of partners: 47
No of equity partners: 24
No of female partners: Six
No of female equity partners: One
Total no of fee-earners (inc. consultants, paralegals etc): 125
Total no of fee-earners (excluding consultants, paralegals etc): 105
Total no of staff: 236
Leverage ratio: 1:2.42
Equity partner to staff ratio: 1:4.63
Fee earner to staff ratio: 1:0.89
Financial management: Thanks to the efficient conversion of WIP and collection of debtors, Speechly Bircham believes that funding per equity partner is 50 per cent of the average for comparable firms. The firm’s practice profile by revenue is corporate 28.6 per cent, litigation 27.6 including 7.5 per cent for employment, property 17.2, private client 26.6.
Equity structure: Modified lockstep.
Billable hours targets: Assistants 1,600, partners 1,300.
Key clients: Cable & Wireless, Credit Suisse Asset Management, Derwent Valley, GMAC, P&O Group, Royal Bank of Scotland, Sainsbury’s Supermarkets, The Game Group, Thomas Cook, Visa, Wharton Asset Management.