Thu, 23 May 2013
Exploit the power of digital with The Lawyer Acumen
The Lawyer Acumen is a comprehensive online resource giving everyone in the legal market real-time business intelligence on the sector.
14 January 2005
14 January 2005
17 January 2005
Profit per equity partner: £234,000
Equity spread: £184,000-£326,000
Net profit: £8m
Profit margin: 15 per cent
Salaried partner remuneration: £65,000-£120,000
Revenue per lawyer: £246,000
Revenue per partner: £840,000
Revenue per equity partner: £1,606,000
Cost per lawyer: £210,000
Profit per lawyer: £36,000
No of partners: 65
No of equity partners: 34
No of female partners: 22
No of female equity partners: Six
Total no of fee-earners (including consultants, paralegals etc): 514
Total no of fee-earners (excluding consultants, paralegals etc): 222
Total no of staff: 1,158
Leverage ratio: 1:4.62
Equity partner to staff ratio: 1:18.94
Fee-earner to staff ratio: 1:1.25
Financial management: Average WIP is £8.8m and average debtors is 31 days.Average fixed capital contribution for an equity partner is £90,000.
Equity structure: Modified lockstep with with five years to parity and around a 25 per cent merit pool.
Billable hours targets: 800-1,100
Key clients: Bang & Olufsen, British Gypsum, HJ Heinz, WH Smith.
Subscribe to The Lawyer today and get all the latest news stories, both domestic and global, and analysis of the legal sector.
A subscription includes:
The latest legal news, opinion, analysis, jobs and events. Wherever you are, whenever you need it.
Let us help you with an integrated approach to mobile and online advertising.
Site powered by Webvision