Trowers & Hamlins – UK 100

Turnover: £38.7m

Profit per equity partner: £255,000

Equity spread: £130,000-£300,000

Net profit: £8.6m

Profit margin: 22 per cent

Salaried partner remuneration: £50,000

Revenue per lawyer: £317,000

Revenue per partner: £578,000

Revenue per equity partner: £1,138,000

Cost per lawyer: £247,000

Profit per lawyer: £70,000

No of partners: 67

No of equity partners: 34

No of female partners: 18

No of female equity partners: 10

Total no of fee-earners (including consultants, paralegals etc): 233

Total no of fee-earners (excluding consultants, paralegals etc): 122

Total no of staff: 440

Leverage ratio: 1:1.81

Equity partner to staff ratio: 1:6.09

Fee-earner to staff ratio: 1:0.89

Financial management: Average WIP 31 days, average debtor days 137, property costs £4.68m, debt £1.7m, full equity partner’s capital contributions £180,000.

Equity structure: Modified lockstep. Starting at 40 per cent for the firm’s 31 junior partners, to 100 per cent for the firm’s 21 senior partners increasing in stages.

Billable hours targets: 1,250 assistants.

Key clients: Berkeley Group, Borealis A/S, Nuffield Hospitals, Manchester City Council, MCL Group, Metropolitan Housing Association, Peabody Trust, Robert Brett & Sons, Ryhurst.