UK revenue per partner/equity partner: £1.4m/£1.4m
Global revenue per equity partner: £1.9m
UK/global number of partners: 26/288
UK/global number of lawyers: 91/1,421
UK number of staff: 108
UK/global leverage ratio: 1:2.5/1:3.9
UK equity partner to staff ratio: 1:4.1
Equity structure: Merit-based.
Billable hours targets: None set.
Billing currency: Majority in sterling with small percentage in dollar.
Cost of living details: In 2003, there was one lawyer on secondment in London. US associates receive an ex-pat package and cost of living adjustment.
UK-based lawyer remuneration: US associate pay is denominated in dollars, but is converted into sterling. Associates choose at the beginning of the year to be paid at an average five-year rate, which is $1.5, or a “spot rate” (a rate taken on a specific date).