| Turnover: |
£33.3m |
| Profit per equity partner: |
£183,000 |
| Earnings per partner: |
£144,000 |
| Equity spread: |
£110,000-£200,000 |
| Net profit: |
£8m |
| Profit margin: |
25 per cent |
| Revenue per lawyer: |
£161,000 |
| Revenue per partner: |
£444,000 |
| Revenue per equity partner: |
£740,000 |
| Total number of fee-earners: |
258 |
| Total number of assistants: |
132 |
| Total number of partners: |
75 |
| Total number of equity partners: |
45 |
| Total no of female partners: |
16 |
| Total no of female equity partners: |
8 |
| Total no of staff: |
560 |
| Leverage ratio (equity partners to
assistants): |
1:3.6 |
| Representative clients: |
Alcatel,
Bank of Scotland,
De La Rue,
First Choice,
Kerry Group,
South West Trains |
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*HOLD |
Multiple mergers have taken their toll on Blake Lapthorn Linnell's average PEP over the past few years, but in 2005-06 it bounced back, posting a PEP increase of 46 per cent to £183,000, one of the biggest rises in the South East.
However, the firm's 1 May 2006 merger with White & Bowker will affect next year's profit, as Blake Lapthorn prefers to take the financial hit in one year rather than spread it across a few years.
Turnover grew by 11 per cent to £33.3m, up from £30m. This was driven by corporate and real estate, which account for 50 per cent of the firm's turnover.
Blake Lapthorn runs a five-year lockstep, from one to five points. It has three categories of partner: equity, fixed-share and salaried. Bottom of equity grew by 16 per cent to £110,000, while the top went up by a third to £200,000.
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