| Turnover | £122m | | Profit per equity partner | £575,000 | | Equity spread | £264,000-£926,000 | | Net profit | £46m | | Profit margin | 38 per cent | | Revenue per lawyer | £290,000 | | Revenue per partner | £961,000 | | Revenue per equity partner | £1,525,000 | | Total no of fee-earners | 510 | | Total no of assistants | 293 | | No of partners | 127 | | No of equity partners | 80 | | Total no of female partners | 22 | | Total no of female equity partners | 10 | | Total no of staff | 870 | | Leverage ratio (equity partners/fee-earners) | 3.7 | | Representative clients | Apax
Bridgepoint
British Land
Brixton Estates
Royal Bank of Scotland | |
SJ Berwin this year returned to boom levels of
profitability not seen since 2001. For the second
year running, the firm has seen double-digit profit
growth. Average PEP jumped 13 per cent to reach
£575,000 last year, compared with £510,000 in
2003-04 and £409,000 in 2002-03.
Much of the firm's rebound can be attributed to
the financial integration of its German arm, SJ
Berwin Knopf Tulloch Steininger, during the last
financial year. In addition, the firm's other European
offices showed solid growth, including Spain
and Brussels, where turnover almost doubled.
As a result, the firm has also broken through the
£100m turnover mark for the first time, with a 23
per cent increase in revenues to £122m, £98.7m of
which was generated by London.
SJ Berwin has also enjoyed a number of key client
wins, including Goldman Sachs Private Equity and
Lion Capital (the former European arm of Hicks
Muse Tate & Furst), which has historically been
one of US firm Weil Gotshal & Manges' trophy
clients in London.
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