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14 January 2005
Profit per equity partner: £234,000
Equity spread: £140,000-£340,000
Net profit: £8.7m
Profit margin: 15 per cent
Salaried partner remuneration: £100,000-£160,000
Revenue per lawyer: £274,000
Revenue per partner: £723,000
Revenue per equity partner: £1,584,000
Cost per lawyer: £233,000
Profit per lawyer: £41,000
No of partners: 81
No of equity partners: 37
No of female partners: Nine
No of female equity partners: Two
Total no of fee-earners (including consultants, paralegals etc): 291
Total no of fee-earners (excluding consultants, paralegals etc): 214
Total no of staff: 551
Leverage ratio: 1:3.59
Equity partner to staff ratio: 1:7.03
Fee-earner to staff ratio: 1:0.89
Financial management: Lockup target 150 days, achieved 110 (average WIP 36 days, average debtor days 74).
Equity structure: Merit-based.
Billable hours targets: 1,550 assistants, 1,300 fixed-equity partners, 1,200 equity partners.
Key clients: Bank of Scotland, IDX Systems, InterContinental Hotels, Westminster Council.
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