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: £50.8m Profit per equity partner: £290K Earnings per partner: £147K Equity spread: £170K-£359K Net profit: £13.8m Profit margin: 27 per cent Revenue per fee-earner: £134K Revenue per lawyer: £230K Revenue per partner: £462K Revenue per equity partner: £1.24m Total number of fee-earners: 380 Total number of qualified partners: 221 Total number of partners: 110 Total number of equity partners: 41 Total number of female partners: 46 Total number of female equity partners: 12 Total number of staff: 780 Leverage ratio (equity partners/fee-earners): 1:4.4
LATERALS 2006: Construction 1, private client 1, real estate 1, litigation 2 2005: Construction 1, personal injury 1, employment 1, real estate 3, corporate 1, clinical negligence 1, banking 1, white-collar crime 1 2004: Construction 1, personal injury 3, litigation 2, employment 1
Intake as percentage of partnership: 17.6 New female partners as percentage of intake: 0 Equity structure: 43 equity partners, 8 non-equity Practice area(s) most heavily promoted: Personal injury, litigation, family, clinical negligence *Figures supplied relate to the calendar year
In 2006-07 Pannone made five lateral hires and promoted four to the partnership. While the litigation team saw the largest number of lateral hires, the internal promotions were spread evenly between the litigation, family, clinical negligence and personal injury groups.
Every year Pannone offers an extended range of benefits to staff. In 2006 the firm offered all staff the option to buy two extra days of holiday. The firm also introduced a diversity policy that year.