Fri, 17 May 2013
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14 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £415,000
Equity spread: £180,000-£1,000,000
Net profit: £24m
Profit margin: 28 per cent
Salaried partner remuneration: £75,000-£180,000
Revenue per lawyer: £270,000
Revenue per partner: £806,000
Revenue per equity partner: £1,582,000
Cost per lawyer: £196,000
Profit per lawyer: £75,000
No of partners: 108
No of equity partners: 55
No of female partners: 20
No of female equity partners: Seven
Total no of fee-earners (including consultants, paralegals etc): 400
Total no of fee-earners (excluding consultants, paralegals etc): 322
Total no of staff: 750
Leverage ratio: 1:3.89
Equity partner to staff ratio: 1:6.36
Fee-earner to staff ratio: 1:0.88
Financial management: Lockup target 110 days, achieved 105 (average WIP 37 days, average debtor days 68). Average fixed capital contribution for an equity partner £235,000.
Equity structure: Merit-based.
Billable hours targets: Six hours per day for associates and partners.
Key clients: MTV, Rank Group, Sea Containers.
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