| Turnover | £96.7m |
| Profit per equity partner | £413,000 |
| Earnings per partner |
£288,000 |
| Equity spread | £286,000-£635,000 |
| Net profit | £23m |
| Profit margin |
23 per cent |
| Revenue per lawyer | £256,000 |
| Revenue per partner | £793,000 |
| Revenue per equity partner |
£1.76m |
| Total number of fee-earners |
457 |
| Total number of assistants |
255 |
| Total Number of partners |
122 |
| Total Number of equity partners |
55 |
| Total number of female partners |
27 |
| Total number of female equity partners |
10 |
| Total number of staff |
790 |
| Leverage ratio (equity partners/fee-earners) |
1:5.9 |
| Representative clients | Bateman Engineering,
BT,
Ericsson,
Lenovo, Pfizer,
Sanofi-Aventis
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*BUY |
Bird & Bird is now just a few million shy of the £100m club, almost doubling the £48m revenue the firm had in 2001.
The firm operates a completely merit-based remuneration system, in which 14 tiers reflect partner performance during the previous 12 months.
This year most partners should be in line for a boost in their take-home earnings. Both PEP and turnover rose by 20 per cent, with PEP up to £413,000 from £344,000.
The principal driver of the firm's growth was its extremely aggressive European expansion plan. In the past 12 months alone the firm opened new offices in Frankfurt, Lyon, Madrid and Rome. A combination of lateral hires and organic growth has helped fuel this expansion. Most recently the firm hired Eversheds IP head Sally Shorthose for its London practice. Overall Bird & Bird has grown by 11 partners, with eight joining the equity and three joining as salaried partners.
Bird & Bird is continuing in its attempt to expand beyond its historical IP reputation, focusing on corporate and IT outsourcing consultancy work. The latter has been particularly useful in Frankfurt, the seat of Germany's financial services sector, where banks have been updating their IT systems.
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