Turnover: £51.5m Profit per equity partner: £300K Earnings per partner: £224K Equity spread: £120K-£450K Net profit: £16.3m Profit margin: 32 per cent Revenue per fee-earner: £334K Revenue per lawyer: £229K Revenue per partner: £542K Revenue per equity partner: £1.32m Total number of fee-earners: 154 Total number of qualified partners: 225 Total number of partners: 95 Total number of equity partners: 39 Total number of female partners: 24 Total number of female equity partners: 1 Total number of staff: 544 Leverage ratio (equity partners/fee-earners): 1:4.8
LATERALS 2006-07: Insurance/reinsurance 1, litigation 2, product liability 1, construction 1 2005-06: Product liability 1 2004-05: Construction 1, insurance/reinsurance 2
Intake as percentage of partnership: 6 New female partners as percentage of intake: 0 Equity structure: 40 equity partners, 44 non-equity Practice area(s) most heavily promoted: Insurance/reinsurance *Figures supplied relate to the calendar year
Kennedys was active in 2006-07, launching an office in Australia. The Sydney office counted for all but one of the lateral hires made by the partnership. Kennedys scooped four partners and 20 associates from Minter Ellison to set up the new bureau. However, the firm broke with its usual formula and no internal appointments were made. This compares with 2005-06 and 2004-05, when six and five appointments were made respectively.