18
Turnover: £99.2m
Profit per equity partner: £510,000
Equity spread: £220,000-£780,000
Net profit: £32.1m
Profit margin: 32 per cent
Salaried partner remuneration: £160,000-£220,000
Revenue per lawyer: £321,000
Revenue per partner: £1,078,000
Revenue per equity partner: £1,575,000
Cost per lawyer: £217,000
Profit per lawyer: £104,000
No of partners: 92
No of equity partners: 63
No of female partners: 20
No of female equity partners: 15
Total no of fee-earners (including consultants, paralegals etc): 395
Total no of fee-earners (excluding consultants, paralegals etc): 309
Total no of staff: 735
Leverage ratio: 1:3.44
Equity partner to staff ratio: 1:5.4
Fee-earner to staff ratio: 1:0.86
Financial management: No fixed borrowings.
Equity structure: Merit-based system with 20 points at bottom and 60 at top and nine bands. Profits are divided into two pools of 30 and 70 per cent. The first 30 per cent is divided by points, and 70 per cent is divided based on performance.
Billable hours targets: 1,575 assistants, 1,350 partners.
Key clients: Apax, Bridgepoint, British Land, Brixton Estates, Royal Bank of Scotland.