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17 January 2005
17 January 2005
14 January 2005
Profit per equity partner: £222,000
Equity spread: £128,000-£373,000
Net profit: £10m
Profit margin: 34 per cent
Salaried partner remuneration: £60,000
Revenue per lawyer: £208,000
Revenue per partner: £399,000
Revenue per equity partner: £670,000
Cost per lawyer: £137,000
Profit per lawyer: £70,000
No of partners: 74
No of equity partners: 44
No of female partners: 25
No of female equity partners: 13
Total no of fee-earners (including consultants, paralegals etc): 250
Total no of fee-earners (excluding consultants, paralegals etc): 142
Total no of staff: 478
Leverage ratio: 1:0.57
Equity partner to staff ratio: 1:5.18
Fee-earner to staff ratio: 1:0.91
Financial management: Lockup target 240, achieved 266 (average WIP 222 days, average debtor days 44). Partners' capital contributions £136,000.
Equity structure: Lockstep with six steps; 25 partners at the top of equity.
Billable hours targets: 1,400 assistants and partners.
Key clients: Bank of England, Cotton Traders, Kellogg's, L'Oréal, Sharp Electronics, Texaco.
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