| Turnover | £80.4m | | Profit per equity partner | £344,000 | | Equity spread | £208,000-£564,000 | | Net profit | £16.2m | | Profit margin | 20 per cent | | Revenue per lawyer | £250,000 | | Revenue per partner | £724,000 | | Revenue per equity partner | £1,711,000 | | Total no of fee-earners | 416 | | Total no of assistants | 211 | | No of partners | 111 | | No of equity partners | 47 | | Total no of female partners | 25 | | Total no of female equity partners | 9 | | Total no of staff | 709 | | Leverage ratio (equity partners/fee-earners) | 4.5 | | Representative clients | BT
Premier Foods
Chelsea FC
Airbus
Astrazenca
Department for Work and Pensions | |
Bird & Bird continued its steady growth in Europe,
with total revenue rising 11.8 per cent to £80.4m.
Average PEP has also begun to rise after years of
heavy investment in new offices on the Continent.
PEP rose 5.2 per cent to £344,000.
The firm continued its German expansion, with
Frankfurt joining Munich and Düsseldorf. With
offices in Brussels, The Hague, London, Milan, Paris,
Rome and Stockholm, it has most of Europe's major
jurisdictions covered. The next stop will be Spain.
The firm's IP practice continues to perform well,
appearing in many of London's key cases.
Corporate boosted revenue 25 per cent. The firm
appears content to plough a lucrative mid-market
furrow with its network, providing a unique selling
point that few of its UK mid-market peers can match.
The commercial IT practice continues to do well,
but may be a little reliant on BT. The public sector
practice has not responded as well to the competitive
marketplace, but has been busy with the
Department for Work and Pensions.
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