| Turnover | £74.1m |
| Profit per equity partner | £425,000 |
| Earnings per partner |
£313,000 |
| Equity spread | £245,000-£510,000 |
| Net profit |
£23m |
| Profit margin |
31 per cent |
| Revenue per lawyer | £236,000 |
| Revenue per partner | £756,000 |
| Revenue per equity partner | £1.39m |
| Total number of fee-earners |
378 |
| Total number of assistants |
216 |
| Total Number of partners |
98 |
| Total Number of equity partners |
54 |
| Total number of female partners |
15 |
| Total number of female equity partners |
6 |
| Total number of staff |
681 |
| Leverage ratio (equity partners/fee-earners) |
1:4.9 |
| Representative clients | 3i,
Carphone Warehouse,
Motorola,
News International,
Rotch Group,
Vodafone
|
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*HOLD |
Osborne Clarke increased turnover by 10 per cent to £74.1m in 2005-06.
More than half of Osborne Clarke's income now originates from outside its South West base, with the London office recording a turnover of £25.3m.
However, the firm's German offices accounted for just £6.1m of the total. The US office is little more than a representative outpost.
The firm secured a healthy 33.2 per cent margin on UK work, compared with 30.5 per cent on international. Profit is distributed on a modified lockstep system. Ninety-five per cent of total profit is shared on a four-year lockstep that begins at 60 per cent, progressing 10 per cent a year until parity.
The remaining 5 per cent of profit is distributed on a merit basis, decided via a partnership council consisting of the chief executive, managing partner, senior partner and the heads of the Bristol, London, German and Reading offices.
This year partners at the bottom of the lockstep received £245,000 and those at the top £510,000. Average PEP increased by a respectable 18 per cent for the past financial year, from £360,000 to £425,000.
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