The Lawyer Global Litigation Top 50 report is the only ranking of international law firms by litigation and arbitration revenue and is essential reading for anyone seeking to benchmark their litigation and dispute resolution practices...
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Net profit: £10.4m (estimated to end September 2004)
Profit margin: 25 per cent
Salaried partner remuneration: £110,000-£140,000
Revenue per lawyer: £173,000
Revenue per partner: £788,000
Revenue per equity partner: £932,000
Cost per lawyer: £129,000
Profit per lawyer: £44,000
No of partners: 52
No of equity partners: 44
No of female partners: 10
No of female equity partners: Nine
Total no of fee-earners (including consultants, paralegals etc): 298
Total no of fee-earners (excluding consultants, paralegals etc): 237
Total no of staff: 493
Leverage ratio: 1:4.2
Equity partner to staff ratio: 1:4.43
Fee-earner to staff ratio: 1:0.65
Financial management: WIP at last balance sheet date was 27 days. Debtor days 87. WIP target is 30 days (balance sheet value), 90 days at selling price. Debtor days 70. Overall target, therefore, of 100 days at year-end. Average fixed capital contribution for an equity partner is £55,000.
Equity structure: Merit-based remuneration.
Billable hours targets: 1,400 assistants, 1,300 partners (no change from previous five years).
Key clients: KPMG, HBOS, O2, Royal Bank of Scotland, Royal Mail.