| Turnover | £54.2m |
| Profit per equity partner | £410,000 |
| Earnings per partner |
£374,000 |
| Equity spread | £248,000-£496,000 |
| Net profit |
£21m |
| Profit margin |
38 per cent |
| Revenue per lawyer | £253,000 |
| Revenue per partner | £890,000 |
| Revenue per equity partner |
£1.08m |
| Total number of fee-earners |
268 |
| Total number of assistants |
153 |
| Total Number of partners |
61 |
| Total Number of equity partners |
50 |
| Total number of female partners |
8 |
| Total number of female equity partners |
5 |
| Total number of staff |
521 |
| Leverage ratio (equity partners/fee-earners) |
1:3.3 |
| Representative clients | The Crown Estate,
FirstGroup,
HBOS,
Ministry of Defence,
Nationwide,
Reuters
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*BUY |
Burges Salmon has always prided itself on its one-site strategy. Unlike many of its local rivals, the Bristol-based firm has resisted the temptation to launch an office in London.
Managing partner Guy Stobart believes the firm's strong financial performance justifies this stance. However, Burges Salmon may have to rethink its strategy as, for the first time in five years, its PEP fell below its closest local rival Osborne Clarke's last year.
PEP grew to £410,000 at the firm, compared with £363,000 last year. Osborne Clarke's PEP increased from £360,000 last year to £425,000.
Burges Salmon does fare much better when its EPP is compared with Osborne Clarke's, whose EPP came in at £313,000 last year, while Burges Salmon, which has a significantly higher proportion of equity partners in its ranks, generated £374,000. The firm's turnover grew by 19.4 per cent to £54.2m.
Burges Salmon operates a traditional lockstep with a gateway for fixed-share partners. All staff except partners receive a bonus based on the firm's performance, which is calculated as a percentage of salary.
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