23
Turnover: £87.2m
Profit per equity partner: £339,000
Equity spread: £190,000-£570,000
Net profit: £30m
Profit margin: 34 per cent
Salaried partner remuneration: £100,000-£160,000
Revenue per lawyer: £210,000
Revenue per partner: £687,000
Revenue per equity partner: £1,557,000
Cost per lawyer: £138,000
Profit per lawyer: £72,000
No of partners: 127
No of equity partners: 56
No of female partners: 27
No of female equity partners: 13
Total no of fee-earners (including consultants, paralegals etc): 567
Total no of fee-earners (excluding consultants, paralegals etc): 415
Total no of staff: 975
Leverage ratio: 1:5.14
Equity partner to staff ratio: 1:7.29
Fee-earner to staff ratio: 1:0.72
Financial management: WIP 45 days, average debtor days 65.
Equity structure: Modified lockstep.
Billable hours targets: Assistants 1,500, partners 1,600.
Key clients: Agip, Diageo (Russia), DNA Films, Ford Group, Gillette, SAB Miller.