UK revenue per partner/equity partner: £1.3m/£1.3m
Global revenue per equity partner: £1.7m
UK/global number of partners: 13/122
UK/global number of lawyers: 41/592
UK number of staff: 40
UK/global leverage ratio: 1:2.1/1:3.8
UK equity partner to staff ratio: 1:3
Equity structure: Mixture of modified lockstep and merit-based. Partners begin on a fixed share.
Billable hours targets: None set.
Billing currency: Split between sterling and dollar.
Cost of living details: In 2003, three US lawyers on secondment to the UK. The firm has individual arrangements for ex-pats.
UK-based lawyer remuneration: Partners and associates can choose between dollars or sterling. Typically, US lawyers elect for dollars and UK fee-earners for sterling, although some lawyers chose to be paid half-and-half in each currency. The firm hedges against currency fluctuations.