Penningtons
16 September 2008
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- UK 200 Position: 81
Position: 82=
Firm: PenningtonsTurnover: £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 1LATERALS
2006-07: 0
2005-06: Construction 1, employment 1
2004-05: Commercial 4, immigration 1, litigation 1, property 1Intake 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 yearWith 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

