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| Turnover | £28.0m | | Profit per equity partner | £313,000 | | Equity spread | £210,000-£360,000 | | Net profit | £5.6m | | Profit margin | 20 per cent | | Revenue per lawyer | £196,000 | | Revenue per partner | £500,000 | | Revenue per equity partner | £1,556,000 | | Total no of fee-earners | 137 | | Total no of assistants | 87 | | No of partners | 56 | | No of equity partners | 18 | | Total no of female partners | 14 | | Total no of female equity partners | 2 | | Total no of staff | 280 | | Leverage ratio (equity partners/fee-earners) | 4.8 | | Representative clients | Green & Black's
Volvo Ocean Race
Serabi Mining
National Gallery
Marquess of Bath | |
Farrer & Co's year, much like its client base, was
respectable. Gross fees increased by 5 per cent to
£28m, while average PEP rose 8 per cent to £313,000.
All practice areas performed well, although corporate
stood out in mid-2005 for advising longstanding
client Green & Black's on its £22m sale to Cadbury
Schweppes.
There were no great changes on the horizon on
the management side of things, with Robert
Clinton re-elected as senior partner for a second
three-year term.
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