| Turnover: |
£25.9m |
| Profit per equity partner: |
£240,000 |
| Earnings per partner: |
£208,000 |
| Equity spread: |
£95,000-£300,000 |
| Net profit: |
£7m |
| Profit margin: |
25 per cent |
| Revenue per lawyer: |
£173,000 |
| Revenue per partner: |
£480,000 |
| Revenue per equity partner: |
£959,000 |
| Total number of fee-earners: |
232 |
| Total number of assistants: |
96 |
| Total number of partners: |
54 |
| Total number of equity partners: |
27 |
| Total no of female partners: |
13 |
| Total no of female equity partners: |
4 |
| Total no of staff: |
412 |
| Leverage ratio (equity partners to assistants): |
1:4.6 |
| Representative clients: |
Bayer CropScience,
Cardiff International Airport,
Pendragon,
Toyota | |
|
*HOLD |
WELSH-HEADQUARTERED firm Edwards
Geldard rebranded as Geldards on 1 November
2005 at the same time as it announced it was to
adopt LLP status.
The announcement came midway through a year
of significant revenue growth for the regional firm,
which has offices in Cardiff, Derby and Nottingham.
Turnover grew by 15 per cent last year off the back of
the firm’s highly productive bulk arms (its ‘network
contracts team’, which acts for power distributors and
its debt collection group), and its corporate and
commercial side of the business. Significantly,
Geldards has not increased the number of lawyers,
so the overall productivity of the practice has improved
markedly.
In 2004-05 the RPL and RPP stood at £144,000
and £448,000 respectively. Last year both had
increased, with RPL up by 20 per cent to £173,000
and the RPP up by 7 per cent to £480,000.
Geldards operates a managed lockstep remuneration
system on which partners can move up or down the
10-step ladder.
|
