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| Turnover | £23.5m | | Profit per equity partner | £195,000 | | Equity spread | £125,000-£540,000 | | Net profit | £4.7m | | Profit margin | 20 per cent | | Revenue per lawyer | £220,000 | | Revenue per partner | £500,000 | | Revenue per equity partner | £979,000 | | Total no of fee-earners | 141 | | Total no of assistants | 60 | | No of partners | 47 | | No of equity partners | 24 | | Total no of female partners | 13 | | Total no of female equity partners | 8 | | Total no of staff | 277 | | Leverage ratio (equity partners/fee-earners) | 2.5 | | Representative clients | Burford
WHSmith
Gizmondo
YJL Construction
Vale Retail
Elle MacPherson | |
Manches' figures were disappointing last year,
with both turnover and profit dipping. The average
PEP figure was in some ways even more disturbing
than the slight fall in revenue, from £23.8m to
£23.5m, as it fell below the psychologically
important £200,000 figure to £195,000.
The poor results are also a disapointment because
Manches appeared to have turned a corner in recent
years, with stronger financial results and a succession
of lateral hires. The investment reflected in those
hires now needs to be repaid in revenue.
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Related Tables
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