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UK/global turnover: |
£23.8m/£321.7m |
UK/global PEP: |
£457,000/£457,000 |
UK/global revenue per lawyer: |
£314,000/£354,000 |
UK revenue per partner/equity partner: |
£600,000/£1.6m |
Global revenue per equity partner: |
£1.5m |
UK/global number of equity partners: |
15/214 |
UK/global number of partners: |
40/450 |
| UK/global number of lawyers: |
76/909 |
| UK number of staff: |
212 |
| UK/global leverage ratio: |
4.1/3.2 |
REED SMITH’S London and Coventry offices
outstripped the firm’s overall performance for the
second consecutive year in 2005, with UK turnover
up by 16 per cent compared with a 12 per cent
firmwide increase. But the UK and Europe remained
a small contributor to the firm’s fees, accounting for
just 8 per cent of revenue.
UK managing partner Tim Foster said the
capital markets group had been the outstanding
performer following its launch in 2003.
Since the turn of the year the firm has been heavily
involved in merger negotiations with UK firm
Richards Butler. The integration of the two may dent
UK performance next year though.
Reed Smith runs an entirely merit-based
compensation scheme, with billable hours targets
set at 1,500 for associates and 1,400 for partners.
The global equity spread runs from £215,697
to £1.59m.
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