Norton Rose


The Lawyer UK 200

  • UK 200 Position: 12
  • UK 200 …



Position: 10 h
Firm: Norton Rose

Turnover: £297m
Profit per equity partner: £625K
Earnings per partner: £486K
Equity spread: £360K-£940K
Net profit: £98.8m
Profit margin: 33 per cent
Revenue per fee-earner: £258K
Revenue per lawyer: £312K
Revenue per partner: £1,207K
Revenue per equity partner: £1.88m
Total number of fee-earners: 1,151
Total number of qualified partners: 953
Total number of partners: 246
Total number of equity partners: 158
Total number of female partners: 44
Total number of female equity partners: 21
Total number of staff: 2,211
Leverage ratio (equity partners/fee-earners): 1:5



INTERNAL PROMOTIONS
2006-07: Corporate finance 10, banking 9, litigation 1, property 1, tax 1
2005-06: Corporate finance 7, banking 7
2004-05: Banking 3, corporate finance 4, employment 2, property 2, litigation 1

LATERALS
2006: Corporate finance 4, property 1, banking 9
2005: Banking 4, corporate finance 2
2004: Corporate finance 4, litigation 1, banking 1

Intake as percentage of partnership: 16.5
New female partners as percentage of intake: 16.7
Firms recruited from: Barlow Lyde & Gilbert
Equity structure: 184 equity partners, 34 non-equity
Practice area(s) most heavily promoted: Banking, projects
*Figures supplied relate to the calendar year

Departures from the partnership created opportunities for Norton Rose associates. By far the best bet for internal promotions was in banking and corporate finance: banking accounted for 19 promotions in three years, while corporate accounted for 21. Other departments suffered in comparison: litigation had two internal promotions in three years, property three, tax one and employment two.

London tends to be the centre for internal promotions, with 12 out of a total of 22 in 2006-07. However, that figure was a return to growth after the previous year, when London only accounted for four out of a total of 14 promotions.

The story is the same for laterals. The firm hired 14 banking partners and 10 corporate finance partners in three years. The biggest lateral growth was in Paris, which saw a surge since 2004 with 12 new partners. This comes as the partnership continues to rebuild following a series of departures several years ago. London followed in second place with seven lateral partners in three years, while another seven were split between Dubai, Frankfurt, Hong Kong and Milan.

  • Web: www.nortonrose.com/graduate
  • Telephone: 020 7444 2113
  • Fax: 020 7283 6500
  • No. of Trainees: 101
  • No. of Trainee Vacancies: 50
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: Yes
    • Panel interview: No
    • Assessment day: Yes
    • Psychometric test: No
    • Written exercise: Yes
  • No. of Seats: 6
  • Opportunities Abroad: Yes
  • Vacation Schemes
    • No. placements: 15
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: Not disclosed
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £7,000
  • Salary/benefits
    • Start: £35,700
    • Qualification: £63,500
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: Yes
    • Gym membership: Yes
    • Subsidised lunch: Yes