31
Turnover: £64m
Profit per equity partner: £348,000
Equity spread: £214,000-£536,000
Net profit: £22.2m
Profit margin: 35 per cent
Salaried partner remuneration: £110,000-£185,000
Revenue per lawyer: £263,000
Revenue per partner: £692,000
Revenue per equity partner: £1,000,000
Cost per lawyer: £172,000
Profit per lawyer: £91,000
No of partners: 93
No of equity partners: 64
No of female partners: Nine
No of female equity partners: Four
Total no of fee-earners (including consultants, paralegals etc): 292
Total no of fee-earners (excluding consultants, paralegals etc): 244
Total no of staff: 579
Leverage ratio: 1:2.36
Equity partner to staff ratio: 1:4.48
Fee-earner to staff ratio: 1:0.98
Financial management: Lockup target 97 days, achieved 88.4 (average WIP at year-end was 31.1 days, average debtor days 57.3). Work profile by revenue: corporate 26 per cent, dispute resolution 16, employment and pensions 8, finance and projects 13, IP 16, private client 7, real estate 14. Average capital contributions £113,000, with the range currently at £67,000-£170,000.
Equity structure: Points awarded to partners within nine bands, entirely on merit.
Billable hours targets: Partners 1,250, associates 1,560.
Key clients: Alliance & Leicester, Amgen, Anglo Irish Bank, British Airways, Eli Lilly, GMAC, ING BHF-Bank, HBOS, Rutland Partners, Visa.