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|
| Turnover | £31.5m | | Profit per equity partner | £280,000 | | Equity spread | £160,000-£400,000 | | Net profit | £6.4m | | Profit margin | 20 per cent | | Revenue per lawyer | £190,000 | | Revenue per partner | £563,000 | | Revenue per equity partner | £1,370,000 | | Total no of fee-earners | 170 | | Total no of assistants | 110 | | No of partners | 56 | | No of equity partners | 23 | | Total no of female partners | 9 | | Total no of female equity partners | 3 | | Total no of staff | 305 | | Leverage ratio (equity partners/fee-earners) | 4.8 | | Representative clients | Crest Nicholson
Mowlem
AIG
GlaxoSmithKline
Zurich
Jacobs | |
Davies Arnold Cooper (DAC) suffered the effects
of a downturn in the product liability sector in
2004-05, reporting only a slight rise in both profit
and turnover. The increase was due principally to
the continued development of the firm's property
practice, which took on three new partners at the
end of the preceding financial year.
Insurance is still important to DAC, but in
response to the poor performance in product liability
and a drop-off in personal injury work, the
firm is aiming to focus on higher-value cases in the
future.
While average PEP rose by £2,000 to £280,000,
the bottom of the merit-based equity dropped
£40,000 to £160,000. Top of equity remains
unchanged at £400,000.
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