| Turnover: |
£45m |
| Profit per equity partner: |
£205,000 |
| Earnings per partner: |
£126,000 |
| Equity spread: |
£115,000-£230,000 |
| Net profit: |
£8m |
| Profit margin: |
18 per cent |
| Revenue per lawyer: |
£159,000 |
| Revenue per partner: |
£450,000 |
| Revenue per equity partner: |
£1.1m |
| Total number of fee-earners: |
428 |
| Total number of assistants: |
182 |
| Total number of partners: |
101 |
| Total number of equity partners: |
41 |
| Total no of female partners: |
32 |
| Total no of female equity partners: |
9 |
| Total no of staff: |
810 |
| Leverage ratio (equity partners to
assistants): |
1:5.9 |
| Representative clients: |
ACE Europe,
Allianz Cornhill,
National Farmers' Union,
Norwich Union,
QBE Insurance Group,
Royal Bank of Scotland,
Zurich Insurance Company |
|
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*SELL |
National insurance-focused firm Berrymans Lace Mawer had a solid year, with turnover up by 12 per cent from 2005's £40.2m to £45m. Average PEP was also on the rise, breaking through the £200,000 barrier to hit £205,000 - an increase of 14 per cent on 2005.
However, Berrymans' profit margin has remained static at 18.5 per cent, which is still a good result for a firm that focuses heavily on insurance litigation.
While the firm's total partnership has grown to 101 partners, just 41 are equity - one fewer than in 2005. All the equity partners are based in the UK, with one salaried partner in Berrymans' Dubai office.
Berrymans has made no change to its practice areas or offices during the past year and continues in the main to advise large insurers. Litigation, accounting for 90 per cent of total turnover, far outweighs non-contentious work, which is the principal focus of Berrymans' property team.
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