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14 January 2005
17 January 2005
14 January 2005
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.
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