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Turnover: £81m Profit per equity partner: £755K Earnings per partner: £621K Equity spread: £378K-£1,050K Net profit: £36.2m Profit margin: 45 per cent Revenue per fee-earner: £289K Revenue per lawyer: £346K Revenue per partner: £1,266K Revenue per equity partner: £1.69m Total number of fee-earners: 280 Total number of qualified partners: 234 Total number of partners: 64 Total number of equity partners: 48 Total number of female partners: 6 Total number of female equity partners: 6 Total number of staff: 460 Leverage ratio (equity partners/fee-earners): 1:3.9
Intake as percentage of partnership: 7 New female partners as percentage of intake: 0 Equity structure: 47 equity partners, 10 non-equity Practice area(s) most heavily promoted: Corporate *Figures supplied relate to the calendar year
Travers Smith went soft and cuddly in 2006, introducing the alternative career path to partnership of counsel role.
Although there is some way to go before anything close to parity is reached (only 13 per cent of equity partners are female), the firm can lay claim to 4 per cent of the equity partnership coming from ethnic minorities.
Internal promotions remain the firm’s growth model, with four in 2006 and five in 2005. There have been no lateral hires in more than four years. Corporate remains the most prolific department with five of the appointments in the past two years.