| Turnover | £100m | | Profit per equity partner | £410,000 | | Equity spread | £255.000-£610,000 | | Net profit | £35.7m | | Profit margin | 36 per cent | | Revenue per lawyer | £271,000 | | Revenue per partner | £935,000 | | Revenue per equity partner | £1,149,000 | | Total no of fee-earners | 437 | | Total no of assistants | 262 | | No of partners | 107 | | No equity partners | 87 | | Total no of female partners | 32 | | Total no female equity partners | 24 | | Total no of staff | 861 | | Leverage ratio (equity partners/fee-earners) | 3 | | Representative clients | Numu Securities
Essex County Council
Oxford University
Laing O'Rourke
Land Securities Group
Quintain Estates | |
Nabarro Nathanson joined the £400,000-plus
club last year after average PEP rocketed 18.8 per
cent, from £345,000 to £410,000.
While the firm lost four from the equity partnership
(it now has 87), real growth was good. Gross
fees rose 14.5 per cent, from £87.3m to £100m,
although that includes a £1.9m uplift due to FRS5.
Nabarros surfed the real estate wave, advising
on around £20bn worth of deals with established
clients such as Land Securities and Quintain Estates.
Property accounts for 34 per cent of total revenue.
The corporate practice also had a decent year on
the back of the booming AIM. The firm's most highprofile
AIM client is Numis Securities.
The biggest news was the closure of the Reading
office. The firm gave up on Thames Valley after
almost 15 years in the region. The office was founded
by respected IT partner Tony Bailes and the IT practice
did well, advising clients such as Oracle. Ultimately,
though, it was too much of a struggle to
build it up further and that it was simply replicating
work undertaken by its London practices.
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