The Lawyer’s new China Elite report contains the most detailed research available on the PRC legal market and contains unparalleled insight into the country's leading law firms. They vary in size, practice focus and geographic coverage, but they all share one common quality – ambition... Read more
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.
Total no of fee-earners (including consultants, paralegals etc): 287
Total no of fee-earners (excluding consultants, paralegals etc): 211
Total no of staff: 542
Leverage ratio: 1:4.17
Equity partner to staff ratio: 1:5.8
Fee-earner to staff ratio: 1:0.9
Financial management: Lockup target 150, achieved 157. Average WIP 72 days, average debtor days 85. Practice profile by revenue is corporate 23 per cent, finance 4 per cent, litigation 22 per cent, property 29 per cent, employment 8 per cent. Average fixed capital contribution for an equity partner is £64,000.
Equity structure: Lockstep. Junior partners join on nine shares rising to 11. Full equity partners receive 15 shares, rising to 20 over a five-year period. The firm had 27 partners at the top of lockstep at year-end.
Billable hours targets: 1,400 associates, 1,100 or less depending on responsibilities for partners.
Key clients: Bank of Ireland, Bank of Scotland, East of England Development Agency, Trinity College Cambridge.