The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Salaried partner remuneration: £130,000 for fixed-share equity partners.
Revenue per lawyer: £344,000
Revenue per partner: £900,000
Revenue per equity partner: £1,260,000
Cost per lawyer: £247,000
Profit per lawyer: £96,000
No of partners: 21
No of equity partners: 15
No of female partners: Five
No of female equity partners: Three
Total no of fee-earners (including consultants, paralegals etc): 78
Total no of fee-earners (excluding consultants, paralegals etc): 55
Total no of staff: 151
Leverage ratio: 1:2.27
Equity partner to staff ratio: 1:4.87
Fee-earner to staff ratio: 1:0.94
Financial management: Average WIP 50 days, average debtor day 57. Nil debt on a net basis. Partners' capital contributions based on the equity units in business range from £22,000 to £220,000.
Equity structure: Fifteen of Kendall Freeman's partners are full equity partners, or 'senior equity'. Five partners are 'fixed-share equity', whose remuneration is partly fixed share and partly based on variable units - a minimum of 40 per cent, which rises as the partner becomes more senior. There is no lockstep and remuneration is merit-based.
Key clients: Insurers and reinsurers, including Axa, Soc Group, Trenwick Group, THB Group; banks and other financial institutions, including Price-waterhouseCoopers, Invensys, Corus; governments and public sector organisations, including the Nigerian government; Mohammed Al-Fayed.