Maxwell Winward

Turnover (£m): 10.3
RPL (£k): 258

Niche City firm Maxwell Winward had a better 2010-11 than 2009-10, with turnover up 5 per cent and back through the £10m barrier to £10.3m.

The real estate team, which struggled in 2009-10, bounced back to contribute strongly to performance. Construction, litigation and employment also did well. The corporate and projects department was down compared with the previous year, but hit its targets ­nevertheless.

Profitability rose very slightly to £2.9m, a margin of 29 per cent. The firm’s 11 equity partners are on a modified lockstep with ­remuneration governed largely by performance and discussed among the partnership annually. In 2010-11 average profit per equity partner was £268,000, with the lockstep running from £188,000 to £330,000. The remaining 10 non-equity partners shared out just under £1.2m between them.

Headcount numbers remained relatively static at Maxwell Winward last year. The firm’s partner-to-associate ratio is low at around 1:1.