| Turnover | £92.5m | | Profit per equity partner | £355,000 | | Equity spread | £200,000-£600,000 | | Net profit | £19.5m | | Profit margin | 21 per cent | | Revenue per lawyer | £228,000 | | Revenue per partner | £712,000 | | Revenue per equity partner | £1,682,000 | | Total no of fee-earners | 549 | | Total no of assistants | 276 | | No of partners | 130 | | No of equity partners | 55 | | Total no of female partners | 28 | | Total no of female equity partners | 12 | | Total no of staff | 965 | | Leverage ratio (equity partners/fee-earners) | 5 | | Representative clients | Barclays
Lloyds TSB
HBOS
Bank of Ireland | |
With 30 partners and 35 assistants, Salans' London
office has one of the lowest leverages of any
firm in the top 100. The worldwide equity is also
tight - just 55 of the firm's 130 partners are full
equity. The global PEP of £355,000 is up from last
year's £339,000, but net profit remains on the low
side at £15.5m, or a 21 per cent margin.
Around a sixth (17 per cent) of the firm's turnover
is derived from UK work.
In the UK much of the work is litigation. The
employment team handled an important whistleblowing
case, List & Backs v Chesterton, which
resulted in a £5.5m award to the claimant, Salans'
client. The award is believed to be the highest ever
given by an employment tribunal.
Salans is also handling a dispute between Vivendi
and a Polish telecoms company, which is being arbitrated
in London. Polish law is vital to the case so
there is close cooperation between the firm's London
and Warsaw offices. The case reflects the strong
reputation of Salans' Eastern European practices,
bolstered by the acquisition of several offices from
the now defunct Altheimer & Gray.
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