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| Turnover | £30.0m | | Profit per equity partner | £125,000 | | Equity spread | £95,000-£150,000 | | Net profit | £5.8m | | Profit margin | 19 per cent | | Revenue per lawyer | £166,000 | | Revenue per partner | £435,000 | | Revenue per equity partner | £652,000 | | Total no of fee-earners | 230 | | Total no of assistants | 112 | | No of partners | 69 | | No of equity partners | 46 | | Total no of female partners | 18 | | Total no of female equity partners | 8 | | Total no of staff | 520 | | Leverage ratio (equity partners/fee-earners) | 2.4 | | Representative clients | Alcatel
Kerry Group
Cap Gemini
South West Trains
Whitbread | |
Blake Lapthorn Linnell saw its PEP plummet
by 18 per cent to £125,000 last year, while turnover
also fell, albeit by just 1.6 per cent, to £30m.
The firm's year ended badly when in April a former
client sued for £300,000, alleging that the firm
had failed to comply with time limits and drafting
requirements in an arbitration case. At the start of
the year the firm lost its leading corporate rainmaker
Sean Wright to Shoosmiths and axed its
three-lawyer education team.
On the plus side, the firm won its first-ever
instruction from the Arts Council and recruited
Taylor Vinters head of technology Simon Smith.
But the honeymoon period after 2003's merger
has definitely ended.
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