| Turnover | £56.4m |
| Profit per equity partner | £472,000 |
| Earnings per partner |
£256,000 |
| Equity spread | £388,000-£485,000 |
| Net profit |
£11m |
| Profit margin |
19 per cent |
| Revenue per lawyer | £269,000 |
| Revenue per partner | £732,000 |
| Revenue per equity partner | £2.45m |
| Total number of fee-earners |
270 |
| Total number of assistants |
133 |
| Total Number of partners |
77 |
| Total Number of equity partners |
23 |
| Total number of female partners |
21 |
| Total number of female equity partners |
5 |
| Total number of staff |
494 |
| Leverage ratio (equity partners/fee-earners) |
1:8.1 |
| Representative clients | ACWA Power,
Berkeley Group,
GI Partners,
Metropolitan Housing Trust,
Robert Brett & Sons
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*BUY |
Trowers & Hamlins posted one of the highest increases in revenue of any firm in The Lawyer UK 100 Annual Report 2006, with a 28 per cent increase in turnover. In an excellent year for the firm, it also managed a mammoth 41 per cent growth in profit.
The firm saw its total turnover increase from £44.2m to £56.4m, with the revenue from its Middle East practice increasing by two-thirds.
The turnover increase for 2005-06 was outstripped by bottom line performance, with PEP growing from £278,000 to £472,000. This result means Trowers' PEP has increased by an impressive 85 per cent since 2004; great news for the firm's 23 equity partners.
Trowers' real estate practice was integral to the firm's success last year, with its 30 real estate partners turning over £22m, or 39 per cent of Trowers' total, in the past financial year.
The firm also had some major wins in the Middle East, advising the winning consortium, alongside Allen & Overy, on a $2.5bn (£1.43bn) private water and power project in Saudi Arabia and advising a consortium of lenders on a $30m (£16.39m) onshore oil-drilling rig.
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