| Turnover: |
£47.8m |
| Profit per equity partner: |
£321,000 |
| Earnings per partner: |
£242,000 |
| Equity spread: |
£245,000-£351,000 |
| Net profit: |
£11m |
| Profit margin: |
22 per cent |
| Revenue per lawyer: |
£235,000 |
| Revenue per partner: |
£740,000 |
| Revenue per equity partner: |
£1.45m |
| Total number of fee-earners: |
452 |
| Total number of assistants: |
138 |
| Total number of partners: |
65 |
| Total number of equity partners: |
33 |
| Total no of female partners: |
12 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
733 |
| Leverage ratio (equity partners to
assistants): |
1:5.2 |
| Representative clients: |
Department of Trade and Industry,
Go-Ahead,
Grainger Trust,
HBOS,
Huntsman,
Northern Rock | |
|
*HOLD |
Average PEP at Dickinson Dees fell by £6,000 in the 2005-06 financial year, despite a 10 per cent rise in turnover to £47.8m.
PEP dropped to £321,000 from last year's £326,000, with the firm putting the blame on the £4m cost of its new Trinity Gardens offices.
Slightly more than half (33) of the firm's total 65 partners are equity. Dickinson Dees operates a modified lockstep with a relatively narrow spread, which last year stretched from £245,000 to £351,000.
Property had a standout year, generating a third of the firm's turnover from only 16 partners. Corporate managed 20 per cent growth but accounted for just 30 per cent of turnover, despite its 24 partners and roles on major deals for clients such as Reg Vardy, Northgate, Monstermob and Govia.
Despite the impact of the new premises on the bottom line, the firm is still carrying debt, with a gearing ratio of 11 per cent.
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