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| Turnover | £104m | | Profit per equity partner | £500,000 | | Equity spread | £254,000-£724,000 | | Net profit | £36.5m | | Profit margin | 35 per cent | | Revenue per lawyer | £264,000 | | Revenue per partner | £846,000 | | Revenue per equity partner | £1,425,000 | | Total no of fee-earners | 454 | | Total no of assistants | 271 | | No of partners | 123 | | No of equity partners | 73 | | Total no of female partners | 17 | | Total no of female equity partners | 5 | | Total no of staff | 908 | | Leverage ratio (equity partners/fee-earners) | 3.7 | | Representative clients | ACE
BP
Carphone Warehouse
Glencore
Group 4 Securicor
Institute of London Underwriters | |
Clyde & Co has all the hallmarks of an undiscovered
gem. Its PEP in 2004-05 grew by 9 per cent
to £500,000, a global margin of 35 per cent. In London,
Clydes' profit margin rose to an impressive
39 per cent, although internationally that dropped
to 23 per cent. Most of the firm's international
turnover comes from its French and Middle Eastern
offices, with income in the latter rising by 25
per cent last year.
PEP has now risen by 25 per cent in two years.
The firm has also taken on an extra 18 partners in
the same time period. It remains focused principally
on litigation, particularly in the insurance
market.
Clydes ended its financial year with the
announcement of its takeover of aviation insurance
boutique Beaumont & Son. Widely praised in
the market as an astute move for Clydes, the linkup
is likely to ensure continued growth and reaffirms
its commitment to its key insurance client base.
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