Penningtons


The Lawyer UK 200

  • UK 200 Position: 81


  • Position: 82=
    Firm: Penningtons

    Turnover: £28.4m
    Profit per equity partner: £155K
    Earnings per partner: £133K
    Equity spread: £95K-£185K
    Net profit: £4m
    Profit margin: 14 per cent
    Revenue per fee-earner: £189K
    Revenue per lawyer: £251K
    Revenue per partner: £557K
    Revenue per equity partner: £1.09m
    Total number of fee-earners: 150
    Total number of qualified partners: 113
    Total number of partners: 51
    Total number of equity partners: 26
    Total number of female partners: 13
    Total number of female equity partners: 4
    Total number of staff: 285
    Leverage ratio (equity partners/fee-earners): 1:3.3



    INTERNAL PROMOTIONS
    2006-07: Clinical negligence 1, corporate/commercial 1, dispute resolution 1, family 1, private client 1, property 1
    2005-06: Commercial 1, personal injury 1, property 1, travel 1
    2004-05: Travel 1

    LATERALS
    2006-07: 0
    2005-06: Construction 1, employment 1
    2004-05: Commercial 4, immigration 1, litigation 1, property 1

    Intake as percentage of partnership: 8.7
    New female partners as percentage of intake: 50
    Equity structure: 39 equity partners, 30 non-equity
    Practice area(s) most heavily promoted: Commercial, travel
    *Figures supplied relate to the calendar year

    With no lateral hires made in 2006-07, Penningtons was busy promoting from within. In three years the firm has promoted 11 people to partnership compared with the recruitment of nine outsiders, seven of whom arrived in the firm’s bumper lateral hiring year of 2004-05. Of the internal appointments in 2006-07, women accounted for 50 per cent of the total, while each of the six main departments gained.

    • Web: www.penningtons.co.uk
    • Telephone: 01483 791800
    • Fax: 01483 424177
    • No. of Trainees: 13
    • No. of Trainee Vacancies: 13
    • Training contract application deadline: 31-Jul-08
    • Selection
      • Individual interview: Yes
      • Panel interview: No
      • Assessment day: No
      • Psychometric test: No
      • Written exercise: Yes
      • Presentation: Yes
    • No. of Seats: 4
    • Opportunities Abroad: No
    • Vacation Schemes
      • No. placements: 16
      • Summer vacation scheme application deadline: 31-Mar-08
    • GDL/CPE Intake: Varies
    • GDL/CPE funding
      • Fees: No
      • Maintenance: No
    • LPC funding
      • Fees: Yes
      • Maintenance: £4,500
    • Salary/benefits
      • Start (London): £28,500
      • Qualification (London): £46,000
      • Season ticket loan: Yes
      • Healthcare: Yes
      • Pension scheme: Yes
      • Life assurance: Yes
      • Bonus scheme: Yes
      • Gym membership: No
      • Subsidised lunch: No