Turnover: £92.9m Profit per equity partner: £545K Earnings per partner: £366K Equity spread: £252K-£893K Net profit: £28.1m Profit margin: 30 per cent Revenue per fee-earner: £225K Revenue per lawyer: £308K Revenue per partner: £1,044K Revenue per equity partner: £1.69m Total number of fee-earners: 412 Total number of qualified partners: 302 Total number of partners: 89 Total number of equity partners: 55 Total number of female partners: 19 Total number of female equity partners: 10 Total number of staff: 646 Leverage ratio (equity partners/fee-earners): 1:4.5
Intake as percentage of partnership: 8.9 New female partners as percentage of intake: 28.6 Firms recruited from: Halliwells, Kanter Jules, Macfarlanes Equity structure: 47 equity partners, 32 non-equity Practice area(s) most heavily promoted: Litigation *Figures supplied relate to the calendar year
Olswang made three partner promotions during 2006-07 and four lateral hires, continuing the trend for the media and property firm to favour acquisitions over organic growth.
The latest of the firm’s spree of bolt-ons came in May 2006, when it brought on board nine fee-earners from property boutique Kanter Jules. Of the nine, two joined the partnership with one entering the equity. In the past three years the firm has internally promoted eight compared with 12 laterals. Lateral hires tended to be into corporate, while the litigation and new media-related departments have a stronger record in growing their own.