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| Turnover | £16.8m | | Profit per equity partner | £230,000 | | Equity spread | £182,000-£257,000 | | Net profit | £4.4m | | Profit margin | 26 per cent | | Revenue per lawyer | £243,000 | | Revenue per partner | £454,000 | | Revenue per equity partner | £884,000 | | Total no of fee-earners | 90 | | Total no of assistants | 32 | | No of partners | 37 | | No of equity partners | 19 | | Total no of female partners | 10 | | Total no of female equity partners | 2 | | Total no of staff | 156 | | Leverage ratio (equity partners/fee-earners) | 1.7 | | Representative clients | Tesco
DHL
Henderson Global Investors
Dairy Crest
Seymour Pierce
Fortis Bank
Surrey County Cricket Club | |
For the first time in seven years, Wedlake Bell has
posted all but flat revenue figures. Gross fees inched
up to £16.8m compared to £16.6m in 2004, while
the average PEP figure fell by 8 per cent.
The combination of its move to larger premises
in June 2004, with annual rent now up by 30 per
cent, and the timing of various transactions account
for these disappointing results as the corporate,
commercial and private client departments all
recorded good results.
In May Wedlake Bell strengthened its private
client practice by merging with two-partner boutique
Beattie &Co, bringing the total number of
private specialists to 14, including six partners.
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