Thomas Eggar

Turnover (£m): 34.2
Average PEP: 218
Equity spread (£k): 150-330
Profit margin (%): 18
RPL (£k): 243

Thomas Eggar had a relatively stable year, with turnover dropping by 1.7 per cent to £34.2m, but net profit increasing by around 7 per cent from £5.8m to £6.2m.

The latter was largely attributed to the cost of the redundancy programmes in 2008-09 and 2009-10, as well as the ­acquisition of a new office in Southampton.

The South East firm’s average profit per equity partner rose by 19.5 per cent to £217,500, helped by the de-equitisation of three partners and increased business ­activity across the board. This boost, ­however, was not strong enough to attract the possible merger with a London firm Thomas Eggar is looking for.

Private client remains Thomas Eggar’s flagship practice, while personal injury saw a noticeable pick-up. The firm is continuing to target clients in sports and media and the retail sectors, picking up Sainsbury’s (Death Benefit Trust) and Saga.

A partners’ council, made up of six ­representatives appointed by managing partner Tony Edwards and the wider ­partnership, runs the firm. Edwards also sits on the operations group with the ­finance director and the operations ­director, who collectively deliver the ­business plan.