|
|
|
| Turnover: |
£18m |
| Profit per equity partner: |
£286,000 |
| Earnings per partner: |
£214,000 |
| Equity spread: |
£156,000-£313,000 |
| Net profit: |
£7m |
| Profit margin: |
39 per cent |
| Revenue per lawyer: |
£149,000 |
| Revenue per partner: |
£486,000 |
| Revenue per equity partner: |
£750,000 |
| Total number of fee-earners: |
123 |
| Total number of assistants: |
84 |
| Total number of partners: |
37 |
| Total number of equity partners: |
24 |
| Total no of female partners: |
3 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
220 |
| Leverage ratio (equity partners to assistants): |
1:4.0 |
| Representative clients: |
Cruden Group,
HBOS,
Royal Bank of
Scotland,
Scottish Equitable,
SMG,
Standard Life Assurance | |
|
*BUY |
A cracking year at Scottish midsizer Burness saw it enter the UK 100 for the first time. Last year the firm that was equal fourth in the 2005 Rising 50 overtook rival Biggart Baillie, which posted a turnover of £17.5m in 2005-06 to secure the 100th spot. Burness, which has a 31 July year-end, posted a 12.5 per cent rise in turnover to do this.
Burness has no debt and a solid base of real estate (which makes up 46 per cent of the practice) and corporate and finance (37 per cent) driving it forward. Litigation contributes the remaining amount.
The average PEP figure at Burness of £286,000 proves that it is in 100th place on size only. The figure compares extremely well with any of Scotland's big four firms, and indeed is second only to Dundas & Wilson of that group. Nor is the equity at the pure lockstep firm particularly tightly held in order for it to achieve that figure, with 24 of the total 37 partners being full equity.
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