Lovells – UK 100

Turnover: £377m

Profit per equity partner: £590,000

Equity spread: £254,000-£635,000 (plus up to £125,000 in bonuses and allowances for London partners living abroad).

Net profit: £150.4m

Profit margin: 40 per cent

Salaried partner remuneration: £160,000

Revenue per lawyer: £327,000

Revenue per partner: £1,132,000

Revenue per equity partner: £1,478,000

Cost per lawyer: £197,000

Profit per lawyer: £130,000

No of partners: 333

No of equity partners: 255

No of female partners: 60

No of female equity partners: 45

Total no of fee-earners(including consultants, paralegals etc): 1,435

Total no of fee-earners(excluding consultants, paralegals etc): 1,153

Total no of staff: 3,186

Leverage ratio: 1:3.22

Equity partner to staff ratio: 1:6.87

Fee-earner to staff ratio: 1:1.22

Financial management: Lockup target 110 days, achieved 170. Capital contributions £31,000 per point.

Equity structure: Lockstep with 12 steps internationally. Partners move up at the rate of three points annually from 24 points up to 60. Last year there were 86 partners at the top of equity.

Billable hours targets: 1,500

Key clients: Barclays, Bank of Scotland, BNP Paribas, CIBC, EADS, Galileo Joint Undertaking, ING, Lehman, Lloyds TSB, Nomura, Prudential, SocGen.