| Turnover: |
£29m |
| Profit per equity partner: |
£949,000 |
| Earnings per partner: |
£644,000 |
| Equity spread: |
£180,000-£1.8m |
| Net profit: |
£10.4m |
| Profit margin: |
36 per cent |
| Revenue per lawyer: |
£483,000 |
| Revenue per partner: |
£1.61m |
| Revenue per equity partner: |
£2.64m |
| Total number of fee-earners: |
85 |
| Total number of assistants: |
42 |
| Total number of partners: |
18 |
| Total number of equity partners: |
11 |
| Total no of female partners: |
1 |
| Total no of female equity partners: |
0 |
| Total no of staff: |
110 |
| Leverage ratio (equity partners to assistants): |
1:4.5 |
| Representative clients: |
BC Partners,
Charterhouse,
Cinven,
CVC Capital Partners,
HgCapital,
PAI Partners | |
|
*BUY |
DICKSON MINTO reported strong growth in 2005-
06 off the back of the booming corporate market, with
gross fees up by 16 per cent to £29m. However, senior
partner Alastair Dickson has warned of a potential blip
in the market this autumn. If correct, it could hit the
Anglo-Scottish firm hard in 2006-07, as corporate
contributes 75 per cent of fees in London, with finance
generating the remaining 25 per cent. In Scotland
corporate makes up 65 per cent of the practice and
property generates 10 per cent.
BC Partners, Candover, Charterhouse Group and
CVC Captial Partners remain key clients, with a
highlight deal including BC Partners’ £835m
acquisition of Fitness First from Cinven in 2005. The
firm also retained its place on HgCapital’s panel for
UK deals during the year.
The firm’s flexible attitude on the timing of bills
remains a successful strategy, with the average
recovery rate touching 100 per cent.
Dickson Minto has 18 equity partners, with average
capital contributions set at £150,000. Remuneration
is entirely merit-based, with a three-partner
committee allocating drawings based on contribution,
merit and seniority.
|
