The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Turnover: £41m Profit per equity partner: £268K Earnings per partner: £144K Equity spread: £135K-£310K Net profit: £5.4m Profit margin: 13 per cent Revenue per fee-earner: £93K Revenue per lawyer: £234K Revenue per partner: £569K Revenue per equity partner: £2.05m Total number of fee-earners: 439 Total number of qualified partners: 175 Total number of lawyers: 72 Total number of equity partners: 20 Total number of female partners: 12 Total number of female equity partners: 1 Total number of staff: 670 Leverage ratio (equity partners/fee-earners): 1:7.8
LATERALS 2006-07: Real estate 1, corporate 1 2005-06: Real estate 3, banking 3, corporate 1 2004-05: Litigation 2, corporate 1
Intake as percentage of partnership: 7.1 New female partners as percentage of intake: 25 Equity structure: 32 equity partners, 24 non-equity Practice area(s) most heavily promoted: Real estate, banking *Figures supplied relate to the calendar year
Bristol-based TLT Solicitors has not shown much enthusiasm for promoting its associates, with just three made up to the partnership over the past three years, none of which have been in London. The firm has seen a dozen lateral recruits come into the partnership during that time, with commercial property an area of focus. Associates in the corporate/commercial, competition and litigation/dispute resolution practices must be questioning whether their partnership opportunities lie elsewhere.