| Turnover: |
£29m |
| Profit per equity partner: |
£411,000 |
| Earnings per partner: |
£247,000 |
| Equity spread: |
£250,000-£600,000 |
| Net profit: |
£7.2m |
| Profit margin: |
25 per cent |
| Revenue per lawyer: |
£288,000 |
| Revenue per partner: |
£675,000 |
| Revenue per equity partner: |
£1.61m |
| Total number of fee-earners: |
147 |
| Total number of assistants: |
58 |
| Total number of partners: |
43 |
| Total number of equity partners: |
18 |
| Total no of female partners: |
13 |
| Total no of female equity partners: |
2 |
| Total no of staff: |
254 |
| Leverage ratio (equity partners to assistants): |
1:4.6 |
| Representative clients: |
ACP Capital,
Earl’s Court & Olympia,
Hunters & Frankau,
Microsoft,
PartyGaming,
UBS Triton
Property Fund | |
|
*BUY
|
MISHCON DE Reya had an extremely satisfactory
2005-06, with average PEP up by 28 per cent to
£411,000 from £295,000 in 2005, and turnover up
by 20 per cent, from £24.2m to £29m.
It was something of a rebound on the year before,
when gross fees only managed a 3 per cent increase.
On its current business plan, Mishcons is targeting
a turnover of £50m by 2008. Its target for PEP in the
same period, a 50 per cent increase on 2005’s figures,
was all but reached in the last financial year.
Mishcons is looking to raise PEP by a further 25 per
cent in the current year, which would take it above the
emerging benchmark for midsized firms of £500,000.
Managing partner Kevin Gold said the upturn was
partly the result of a wide-ranging practice review,
known as ‘MQ2’, undertaken two years ago. Under the
review, departmental and practice area feedback had
been “tabularised and corporatised”, leading to increased
efficiencies throughout. The focus also helped Mishcon
win work from UBS and Nomura and secure nine AIM
floats in the first quarter of 2006.
Mishcons operates an entirely merit-based
remuneration system.
|
