| Turnover: |
£33.9m |
| Profit per equity partner: |
£332,000 |
| Earnings per partner: |
£168,000 |
| Equity spread: |
£202,000-£473,000 |
| Net profit: |
£6m |
| Profit margin: |
19 per cent |
| Revenue per lawyer: |
£172,000 |
| Revenue per partner: |
£514,000 |
| Revenue per equity partner: |
£1.78m |
| Total number of fee-earners: |
331 |
| Total number of assistants: |
131 |
| Total number of partners: |
66 |
| Total number of equity partners: |
19 |
| Total no of female partners: |
13 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
576 |
| Leverage ratio (equity partners to
assistants): |
1:9.4 |
| Representative clients: |
Burton's Foods,
Liverpool John Moores University,
Manchester Airport,
Peel Holdings,
Royal Bank of Scotland,
TDG European Chemicals |
|
|
*SELL |
Despite hiving off its Warrington-based remortgaging arm, which brought in a little more than £1m, DWF succeeded in increasing turnover by 7 per cent. The disposal helped the firm to a 12 per cent rise in average PEP.
Capital contributions at the North West firm are high at £313,000, designed to offset the perennial cashflow problems caused by acting in claimant insurance cases. Nearly half of the firm's turnover comes from insurance litigation. Additionally, non-equity partners are paid purely through a salary, with no fixed-share element, making equity partners' contributions more important.
DWF has always worked on a merit-based remuneration system, which assesses partners' performances each year and assigns a value to them. The units are known as 'marbles'. The firm distributed profit just four months after the year-end.
DWF has an overdraft and a loan facility and was £432,000 overdrawn at year-end.
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