|
|
|
| Turnover: |
£38.5m |
| Profit per equity partner: |
£254,000 |
| Earnings per partner: |
£148,000 |
| Equity spread: |
£130,000-£275,000 |
| Net profit: |
£5m |
| Profit margin: |
12 per cent |
| Revenue per lawyer: |
£414,000 |
| Revenue per partner: |
£837,000 |
| Revenue per equity partner: |
£2.14m |
| Total number of fee-earners: |
122 |
| Total number of assistants: |
47 |
| Total number of partners: |
46 |
| Total number of equity partners: |
18 |
| Total no of female partners: |
13 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
360 |
| Leverage ratio (equity partners to
assistants): |
1:4.2 |
| Representative clients: |
Europ Assistance,
League Managers Association,
Professional Footballers' Association,
Trinity Mirror |
|
|
*BUY |
Russell Jones & Walker (RJW) had a steady year of growth, with turnover and average PEP both up by 10 per cent to £35.8m and £254,000 respectively.
Although the firm is 90 per cent litigation, it has enough variety in its practice to surf over depressions in the contentious market. Its volume personal injury division, which trades under the Claims Direct name since RJW bought the brand two years ago, is thriving. The employment and white-collar crime practices are also busy.
RJW has a tightly held equity, with just 18 of its 46 partners included. The equity partners are paid wholly on merit with no lockstep element. An annual review carried out by chief executive Neil Kinsella determines how much each is paid. Non-equity partners are paid a fixed salary, boosted by a discretionary bonus.
Expect no major strategic change of direction from RJW in the near future, with the firm's focus continuing to be litigation.
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