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| Turnover | £40.4m | | Profit per equity partner | £226,000 | | Equity spread | £179,000-£322,000 | | Net profit | £10.4m | | Profit margin | 26 per cent | | Revenue per lawyer | £162,000 | | Revenue per partner | £553,000 | | Revenue per equity partner | £878,000 | | Total no of fee-earners | 330.25 | | Total no of assistants | 176.4 | | No of partners | 73 | | No of equity partners | 46 | | Total no of female partners | 13 | | Total no of female equity partners | 8 | | Total no of staff | 586 | | Leverage ratio (equity partners/fee-earners) | 3.8 | | Representative clients | Burford Group
Portsmouth Hospitals NHS Trust
Aveva Group
LHM
ACE Global Markets
Imperial College | |
This well-managed firm continued its steady
expansion, with turnover rising 12 per cent from
£36.1m to £40.4m.
Big investments hit profit last year, with average
PEP inching up from £224,000 to £226,000. It
took over Eversheds' corporate team in Norwich,
thus confirming its place as the pre-eminent East
Anglian firm. However, in recent years the firm has
built out from its homeland and Birmingham has
slowly grown since its launch in 1998. The firm
also took Wragge & Co's 15-lawyer private client
team last year and moved into a new office in Birmingham
in January.
Other investments are beginning to pay off. The
banking practice, which joined from Eversheds two
years ago, saw turnover rise 20 per cent, with clients
such as Bank of Scotland.
Mills & Reeve's healthcare practice continues to
prosper, with revenues up 14 per cent on the back
of a series of PFI projects and NHS LIFT projects.
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