66
Turnover: £27.05m
Profit per equity partner: £214,000
Equity spread: £110,000-£275,000
Net profit: £7.9m
Profit margin: 29 per cent
Salaried partner remuneration: £50,000-£100,000
Revenue per lawyer: £142,000
Revenue per partner: £475,000
Revenue per equity partner: £731,000
Cost per lawyer: £101,000
Profit per lawyer: £42,000
No of partners: 57
No of equity partners: 37
No of female partners: Nine
No of female equity partners: Three
Total no of fee-earners (including consultants, paralegals etc): 202
Total no of fee-earners (excluding consultants, paralegals etc): 190
Total no of staff: 413
Leverage ratio: 1:3.59
Equity partner to staff ratio: 1:5.7
Fee-earner to staff ratio: 1:1.04
Financial management: The firm's capitalisation rate stands at 65:35. Capital contributions are £1,400 a point.
Equity structure: Lockstep with 10 per cent bonus pool. The firm is in the process of moving towards a modified lockstep. The equity partnership is set to vote on the new remuneration system by year-end. At present, fixed-share and salaried partners can share in the bonus, with the proportion varying from 10 to 25 per cent. Once voted into the equity, partners can expect to move into full parity within four to six years. A new entrant to the equity starts at 15 points, with the top of equity on 100.
Billable hours targets: 1,500
Key clients: N/A