Turnover: £110m Profit per equity partner: £1,100K Earnings per partner: £847K Equity spread: £450K-£1,230K Net profit: £52.8m Profit margin: 48 per cent Revenue per fee-earner: £932K Revenue per lawyer: £354K Revenue per partner: £1,528K Revenue per equity partner: £2.29m Total number of fee-earners: 118 Total number of qualified partners: 311 Total number of partners: 72 Total number of equity partners: 48 Total number of female partners: 12 Total number of female equity partners: 5 Total number of staff: 265 Leverage ratio (equity partners/fee-earners): 1:5.5
LATERALS 2006-07: Employment/pensions 1, public law 1 2005-06: 0 2004-05: Finance 2
Intake as percentage of partnership: 8.8 New female partners as percentage of intake: 50 Firms recruited from: Hammonds, Jones Day Equity structure: 48 equity partners, 20 non-equity Practice area(s) most heavily promoted: Corporate *Figures supplied relate to the calendar year
The last 12 months have seen comparatively heavy activity for Macfarlanes – there may have been only two lateral hires, but there were none in the preceding fiscal year. Macfarlanes prefers to concentrate on promoting its own lawyers, making up four associates to the partnership in the last financial year, with the emphasis squarely on the firm’s engine, corporate.