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| Turnover | £44.5m | | Profit per equity partner | £256,000 | | Equity spread | £140,000-£470,000 | | Net profit | £17.9m | | Profit margin | 40 per cent | | Revenue per lawyer | £177,000 | | Revenue per partner | £636,000 | | Revenue per equity partner | £636,000 | | Total no of fee-earners | 309 | | Total no of assistants | 182 | | No of partners | 70 | | No of equity partners | 70 | | Total no of female partners | 18 | | Total no of female equity partners | 18 | | Total no of staff | 500 | | Leverage ratio (equity partners/fee-earners) | 2.6 | | Representative clients | HBOS
Standard Life Group
Scottish and Southern Energy
Land Securities
Stirling Council
Ardana Bioscience | |
Scottish heavyweight Dundas & Wilson has
made London a priority recently, evidenced by the
recruitment of 10 laterals in an 18-month period
in the City. Despite the significant investment in
new talent and IT, average PEP (Dundas is an
all-equity partnership) hit £256,000. Gross revenues
for 2005 rose 11 per cent to £44.5m, while the
London office has doubled its revenues in the last
year.
Dundas's role for Scottish and Southern Energy
on its £3.2bn acquisition of the gas distribution
network from National Grid Transco, an £800m
European hotel acquisition for Bank of Scotland
and an innovative property unit trust deal for Scottish
Widows were headline matters.
The exit of iconic managing partner Chris Campbell
to Royal Bank of Scotland, who held the role
for nine years, may mark a new era for the firm,
but he leaves it in good shape.
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