Total no of fee-earners (including consultants, paralegals etc): 262
Total no of fee-earners (excluding consultants, paralegals etc): 201
Total no of staff: 502
Leverage ratio: 1:2.34
Equity partner to staff ratio: 1:4.8
Fee-earner to staff ratio: 1.0.92
Financial management: No debt. Partners' capital contributions are £175,000. Average WIP 86 days. Average debtor days 64.
Equity structure:Lawrence Graham operates a seven-category system of remuneration. Partners enter the equity on a three-year lockstep at category seven. After three years the remuneration becomes entirely merit-based. The top of the lockstep at Lawrence Graham last year was actually £565,000, a ratio of 2.5:1, but with the prize fund system that the firm runs for top-performing partners, who are known as category one partners, it reached £615,000 for one partner. Two other partners were at the top of the equity at £565,000.
Billable hours targets: 1,400 for partners and assistants.