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| Turnover | £25.9m | | Profit per equity partner | £125,000 | | Equity spread | £95,000-£165,000 | | Net profit | £4.6m | | Profit margin | 18 per cent | | Revenue per lawyer | £165,000 | | Revenue per partner | £398,000 | | Revenue per equity partner | £700,000 | | Total no of fee-earners | 195 | | Total no of assistants | 92 | | No of partners | 65 | | No of equity partners | 37 | | Total no of female partners | 14 | | Total no of female equity partners | 5 | | Total no of staff | 376 | | Leverage ratio (equity partners/fee-earners) | 2.5 | | Representative clients | AIB
Bank of India
Conservative Party
Morley Fund Management | |
South East firm Penningtons had a steady 2004-
05, with the firm's property, commercial, IP and
IT practices assisting it to increase turnover by a
marginal £2.4m to £25.9m.
However, investment in premises in Newbury
and Godalming, combined with an increase in the
firm's partnership (which included the hire of new
head of immigration Philip Barth from Mishcon
de Reya), meant that the firm was unable to achieve
a corresponding increase in average PEP.
Instead, PEP dipped by a rather dramatic 9 per
cent to reach the lowly figure of £125,000.
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