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17 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £170,000
Equity spread: £160,000-£175,000
Net profit: £5.4m
Profit margin: 29 per cent
Salaried partner remuneration: None.
Revenue per lawyer: £194,000
Revenue per partner: £454,000
Revenue per equity partner: £1,329,000
Cost per lawyer: £138,000
Profit per lawyer: £56,000
No of partners: 41
No of equity partners: 14
No of female partners: Nine
No of female equity partners: One
Total no of fee-earners (including consultants, paralegals etc): 133
Total no of fee-earners (excluding consultants, paralegals etc): 96
Total no of staff: 268
Leverage ratio: 1:3.93
Equity partner to staff ratio: 1:9.64
Fee-earner to staff ratio: 1:1.02
Financial management: Practice profile by revenue is litigation 18 per cent, property 16, corporate 11, finance 10, employment 9.
Equity structure: Pure lockstep with six steps. Partners automatically progress to next step each year.
Billable hours targets: 1,400 assistants.
Key clients: Birmingham University, Foresight Technology, Lloyds TSB, Mamas & Papas Limited, National Grid Transco, Warwick University.
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