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| Turnover | £27.8m | | Profit per equity partner | £235,000 | | Equity spread | £120,000-£280,000 | | Net profit | £8.6m | | Profit margin | 31 per cent | | Revenue per lawyer | £248,000 | | Revenue per partner | £511,000 | | Revenue per equity partner | £760,000 | | Total no of fee-earners | 190 | | Total no of assistants | 58 | | No of partners | 54 | | No of equity partners | 37 | | Total no of female partners | 10 | | Total no of female equity partners | 3 | | Total no of staff | 425 | | Leverage ratio (equity partners/fee-earners) | 1.6 | | Representative clients | Axa PPP
Glanmore Property Fund
Hampshire Trust
College of Estate Management
Southern Water
University of London | |
Thomas Eggar became the envy of the South
East in 2003-04 after it posted a 32 per cent rise in
PEP. Last year its figures were more modest, but
they remain at levels that would satisfy most firms.
Average PEP increased by 9.8 per cent to
£235,000, while turnover rose more modestly to
£27.8m, an increase of 2.5 per cent. Property is the
firm's largest single practice area, accounting for
nearly a quarter of gross revenues.
The firm has sought to centralise it operations
over the past year, relocating a third of its lawyers
to Crawley and shutting offices in Horsham and
Reigate. Thomas Eggar's partnership also shrank
during the year, dropping by three to 54.
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