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| Turnover | £18.8m | | Profit per equity partner | £320,000 | | Equity spread | £100,000-£350,000 | | Net profit | £6.1m | | Profit margin | 32 per cent | | Revenue per lawyer | £165,000 | | Revenue per partner | £553,000 | | Revenue per equity partner | £989,000 | | Total no of fee-earners | 100 | | Total no of assistants | 80 | | No of partners | 34 | | No of equity partners | 19 | | Total no of female partners | 5 | | Total no of female equity partners | 2 | | Total no of staff | 300 | | Leverage ratio (equity partners/fee-earners) | 4.2 | | Representative clients | Scania (Great Britain)
Ricardo group
ATS Automaster
Terex Corporation
Namrak
Bank of Scotland | |
Howes Percival may be in growth mode, with
employment and banking hires in its East Midlands
profit centre (East Anglia is a separate profit pool),
but turnover remained static at £18.8m.
The culprit was the remortgage team. Though
consistently profitable, with the bottom falling out
of the market revenue fell from £3.8m to £2.8m.
The other core groups all increased turnover.
Average profit also rose, breaking an even more
psychologically important gateway in the meritbased
partnership, that of £300,000.
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