| Turnover: |
£30.4m |
| Profit per equity partner: |
£333,000 |
| Earnings per partner: |
£153,000 |
| Equity spread: |
£160,000-£400,000 |
| Net profit: |
£7m |
| Profit margin: |
23 per cent |
| Revenue per lawyer: |
£219,000 |
| Revenue per partner: |
£515,000 |
| Revenue per equity partner: |
£1.45m |
| Total number of fee-earners: |
167 |
| Total number of assistants: |
80 |
| Total number of partners: |
59 |
| Total number of equity partners: |
21 |
| Total no of female partners: |
8 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
314 |
| Leverage ratio (equity partners to assistants): |
1:5.6 |
| Representative clients: |
BAE Systems,
Crest Nicholson,
Equitas,
Gerling Insurance,
Jacobs Engineering Group | |
|
*HOLD |
DAVIES ARNOLD Cooper (DAC) is working to
reinvent itself as a firm focused on property, rather than
just its historical core business of insurance. And it
would appear to be succeeding, with 35 per cent of its
global revenue now coming from real estate work.
However, the firm did suffer from a slow year in
insurance, with a £1.1m drop in income to £30.4m.
The London office lost £500,000 worth of business,
while Manchester saw business value fall from £1.6m
to £900,000. DAC’s Madrid and Mexico offices,
meanwhile, made £3.3m between them.
Set against the drop in turnover was a 19 per cent
profit increase to £333,000 per equity partner. DAC
has three partners at the top of its 14 to 28-point
lockstep. It normally takes around six years to reach
the plateau, where partners earn £400,000.
DAC partners each have £200,000 invested in
the business in order to compensate for the 191-day
lockup. Debtor days proved to be a problem for the
firm last year, increasing from 90 to 131, but the
firm does operate without an overdraft.
|
