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| Turnover | £20.4m | | Profit per equity partner | £370,000 | | Equity spread | £370,000-£370,000 | | Net profit | £4.4m | | Profit margin | 22 per cent | | Revenue per lawyer | £167,000 | | Revenue per partner | £443,000 | | Revenue per equity partner | £1,700,000 | | Total no of fee-earners | 153 | | Total no of assistants | 76 | | No of partners | 46 | | No of equity partners | 12 | | Total no of female partners | 4 | | Total no of female equity partners | 0 | | Total no of staff | 320 | | Leverage ratio (equity partners/fee-earners) | 6.3 | | Representative clients | Sage
Northern Rock
NHS Litigation Authority
Biofuels Corporation
Northumbrian Water
Bede | |
Ward Hadaway, Newcastle's second-largest firm,
benefitted last year from its longstanding niche in
corporate technology. It won instructions from the
Technology Services Group, Durham University
spin-out Bede and Sage, all of which helped turnover
rise 17 per cent to £20.4m.
The firm's equity continues to be among the
most tightly held in the market, with just 12 full
equity partners among a total of 46, all of whom
sit at the top of lockstep. That fact, plus a firm grip
on costs, contributed towards last year's sharp 40
per cent rise in average PEP, from £265,000 to
£370,000.
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