The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... 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.
Turnover: £95.3m Profit per equity partner: £554K Earnings per partner: £377K Equity spread: £350K-£730K Net profit: £30.3m Profit margin: 32 per cent Revenue per fee-earner: £221K Revenue per lawyer: £267K Revenue per partner: £851K Revenue per equity partner: £1.76m Total number of fee-earners: 431 Total number of qualified partners: 357 Total number of partners: 112 Total number of equity partners: 54 Total number of female partners: 18 Total number of female equity partners: 10 Total number of staff: 745 Leverage ratio (equity partners/fee-earners): 1:5.6
Intake as percentage of partnership: 10.6 New female partners as percentage of intake: 9.1 Firms recruited from:Allen & Overy, Clarke Wilmott, CMS Cameron McKenna, Olswang Equity structure: 53 equity partners, 51 non-equity Practice area(s) most heavily promoted: Corporate, property *Figures supplied relate to the calendar year
Seven partners left Osborne Clarke in 2004 and the firm made seven lateral hires the year after to replace them. 2006-07 signals a return to the firm’s main strategy of organic growth, promoting eight associates compared with three laterals. The growth comes across all departments, but the cumulative focus for the past three years has been on corporate – seven out of a total of 15. Bristol recruited the lion’s share with eight.
During the three-year period 12 partners have joined the firm through lateral hires, six of which have been in corporate. The firm has addressed the issue of retention by launching a firm-wide bonus scheme as well as a new training programme for all levels.