Olswang – UK 100

Turnover: £59.4m

Profit per equity partner: £345,000

Equity spread: £150,000-£500,000

Net profit: £13.8m

Profit margin: 23 per cent

Salaried partner remuneration: £115,000-£200,000

Revenue per lawyer: £254,000

Revenue per partner: £803,000

Revenue per equity partner: £1,485,000

Cost per lawyer: £195,000

Profit per lawyer: £59,000

No of partners: 74

No of equity partners: 40

No of female partners: 21

No of female equity partners: 10

Total no of fee-earners (including consultants, paralegals etc): 282

Total no of fee-earners (excluding consultants, paralegals etc): 234

Total no of staff: 476

Leverage ratio: 1:4

Equity partner to staff ratio: 1:4.85

Fee-earner to staff ratio: 1: 0.69

Financial management: The lockup target is

less than 100 days, the firm achieved 94 days (average WIP is 22.2 days, average debtor days is 71.8).

Equity structure: Merit-based.

Billable hours targets: None.

Key clients: BBC, Channel 4, M&C Saatchi, Minerva, NatWest.