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| Turnover | £31.7m | | Profit per equity partner | £211,000 | | Equity spread | £103,000-£275,000 | | Net profit | £4.6m | | Profit margin | 15 per cent | | Revenue per lawyer | £159,000 | | Revenue per partner | £417,000 | | Revenue per equity partner | £1,441,000 | | Total no of fee-earners | 313 | | Total no of assistants | 124 | | No of partners | 76 | | No of equity partners | 22 | | Total no of female partners | 20 | | Total no of female equity partners | 2 | | Total no of staff | 625 | | Leverage ratio (equity partners/fee-earners) | 5.6 | | Representative clients | NHS Litigation Authority
Zurich
CIS
Axa | |
Weightmans continues to have one of the
lower profit margins in the top 100 at around 15
per cent. That is significantly better than last year,
however, and with average PEP at £211,000 things
are beginning to look a little healthier for this insurance
litigation-rooted practice.
Weightmans has a tightly-held equity, with just
22 of its 76 partners part of the lockstep. The overwhelming
majority of the firm's fee-earners are litigators,
contributing 94 per cent of turnover through
work for clients such as Zurich.
During the past year Weightmans hived off its
Manchester commercial practice, refocusing it on
Liverpool. The key for the current year is to ensure
that there is no reverse into the more troubled times
of the past few years.
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