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| Turnover | £45.4m | | Profit per equity partner | £240,000 | | Equity spread | £100,000-£450,000 | | Net profit | £11m | | Profit margin | 24 per cent | | Revenue per lawyer | £188,000 | | Revenue per partner | £825,000 | | Revenue per equity partner | £987,000 | | Total no of fee-earners | 317 | | Total no of assistants | 186 | | No of partners | 55 | | No of equity partners | 46 | | Total no of female partners | 11 | | Total no of female equity partners | 11 | | Total no of staff | 534 | | Leverage ratio (equity partners/fee-earners) | 4 | | Representative clients | KPMG
HBOS
Royal Bank of Scotland
Morrison Construction
BP | |
Revenue at Scottish heavyweight McGrigors rose
a respectable 7 per cent, from £42.4m to £45.4m,
although average PEP was all but static at £240,000.
Despite the unimpressive figures, McGrigors will
still view 2004-05 as a success. The firm continued
to benefit from its relationship with KPMG, although
this was realigned after the end of KLegal. It has also
been the most successful of the major Scottish firms
in developing its London office. Last year £18m of
total revenue was generated in London.
Real estate, corporate and litigation generate 25,
24 and 23 per cent of global turnover respectively,
while projects is another key part of the practice.
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