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.
Total no of fee-earners (including consultants, paralegals etc): 198
Total no of fee-earners (excluding consultants, paralegals etc): 156
Total no of staff: 340
Leverage ratio: 1:2.36
Equity partner to staff ratio: 1:3.23
Fee-earner to staff ratio: 1:0.72
Financial mangement: Average capital contributions are up to £150,000. Average 80 per cent recovery rate on billings and no debt. Firm made no adjustment for FRS5, but if it had, it estimates that profits would have risen by £2m.
Equity structure: Modified lockstep with 10-year ladder and two to one spread plus 5 per cent merit element. Last year there were 17 partners at the top of the lockstep pre-bonus pool.