Sidley Austin Brown & Wood – UK 100

UK/global turnover: £36.8m/£565m

UK/global PEP: £492,000/£546,000

UK/global revenue per lawyer: £404,000/£398,000

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).