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17 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £205,000
Equity spread: £130,000-£280,000
Net profit: £8.6m
Profit margin: 30 per cent
Salaried partner remuneration: The firm has
no salaried partners. London fixed-share partners earn an average of £120,000, while Scottish
fixed-share partners average between £80,000 and £120,000.
Revenue per lawyer: £271,000
Revenue per partner: £580,000
Revenue per equity partner: £690,000
Cost per lawyer: £191,000
Profit per lawyer: £80,000
No of partners: 50
No of equity partners: 42
No of female partners: 13
No of female equity partners: 10
Total no of fee-earners (including consultants, paralegals etc): 234
Total no of fee-earners(excluding consultants, paralegals, etc): 107
Total no of staff: 452
Leverage ratio: 1:1.36
Equity partner to staff ratio: 1:5.19
Fee-earner to staff ratio: 1:0.93
Financial management: Average lockup is 166 days.
Equity structure: Modified lockstep.
Billable hours targets: None.
Key clients: Ancient Mariner Properties, Bank of Scotland, British Biocell International, HM Customs & Excise, Pillar, Scottish Enterprise, ScottishPower, Scottish & Newcastle, Taylor Woodrow.
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