Olswang


The Lawyer UK 200

  • UK 200 Position: 31
  • UK 200 Shar…



Position: 30
Firm: Olswang

Turnover: £92.9m
Profit per equity partner: £545K
Earnings per partner: £366K
Equity spread: £252K-£893K
Net profit: £28.1m
Profit margin: 30 per cent
Revenue per fee-earner: £225K
Revenue per lawyer: £308K
Revenue per partner: £1,044K
Revenue per equity partner: £1.69m
Total number of fee-earners: 412
Total number of qualified partners: 302
Total number of partners: 89
Total number of equity partners: 55
Total number of female partners: 19
Total number of female equity partners: 10
Total number of staff: 646
Leverage ratio (equity partners/fee-earners): 1:4.5



INTERNAL PROMOTIONS
2006-07: Banking/insolvency 1, litigation 1, technology 1
2005-06: Technology 1, tax 1
2004-05: Banking/insolvency 1, real estate 1, real estate litigation 1

LATERALS
2006-07: Corporate 3, real estate 1
2005-06: Litigation 1, corporate 1, real estate 1
2004-05: Banking/insolvency 1, corporate/pensions 1, technology/film 1, private equity 1, tax 1

Intake as percentage of partnership: 8.9
New female partners as percentage of intake: 28.6
Firms recruited from: Halliwells, Kanter Jules, Macfarlanes
Equity structure: 47 equity partners, 32 non-equity
Practice area(s) most heavily promoted: Litigation
*Figures supplied relate to the calendar year

Olswang made three partner promotions during 2006-07 and four lateral hires, continuing the trend for the media and property firm to favour acquisitions over organic growth.

The latest of the firm’s spree of bolt-ons came in May 2006, when it brought on board nine fee-earners from property boutique Kanter Jules. Of the nine, two joined the partnership with one entering the equity. In the past three years the firm has internally promoted eight compared with 12 laterals. Lateral hires tended to be into corporate, while the litigation and new media-related departments have a stronger record in growing their own.

  • Web:

    www.olswang.com
  • Telephone: 020 7067 3000
  • Fax: 020 7067 3999
  • No. of Trainees: 48
  • No. of Trainee Vacancies: 24
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview
    • Panel interview: Yes
    • Assessment day: Yes
    • Psychometric test: Yes
    • Written exercise: Yes
  • No. of Seats: 4
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 34
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 50%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,500-£7,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £6,500-£7,000
  • Salary/benefits
    • Start: £35,000
    • Qualification: £63,500
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: Yes
    • Gym membership: Yes
    • Subsidised lunch: Yes
    • Free after hours taxis: Yes