| Turnover: |
£25.7m |
| Profit per equity partner: |
£207,000 |
| Earnings per partner: |
£144,000 |
| Equity spread: |
£125,000-£550,000 |
| Net profit: |
£4m |
| Profit margin: |
17 per cent |
| Revenue per lawyer: |
£214,000 |
| Revenue per partner: |
£451,000 |
| Revenue per equity partner: |
£1.22m |
| Total number of fee-earners: |
160 |
| Total number of assistants: |
63 |
| Total number of partners: |
57 |
| Total number of equity partners: |
21 |
| Total no of female partners: |
16 |
| Total no of female equity partners: |
7 |
| Total no of staff: |
323 |
| Leverage ratio (equity partners to assistants): |
1:4.7 |
| Representative clients: |
Barratt Group,
British Salt,
Burford
Group,
French Connection,
London Underground,
WHSmith | |
|
*HOLD |
THE GROWTH in average PEP at Manches
appears to have stalled. Last year PEP barely
increased, up by just £12,000 globally (that is,
London and Oxford) to £207,000 from £195,000.
It was a poor performance in the context of a bull
year from a firm that has a solid base in property and
corporate and a first-class reputation for family.
Indeed, the latter area probably achieved the highest
profile for Manches in 2006 when it represented
Beverley Charman, the wife of insurance millionaire
John Charman, in one of the year’s biggest divorce
cases.
The firm also continued with its lateral hiring
programme during the year, which saw a number of
well-known names, including the former head of
family law at Reynolds Porter Chamberlain James
Stewart, come on board. But the firm will need
stronger results in 2006-07 if it is to keep all of its stars
and attract many more.
Manches operates a modified lockstep with an
equity spread last year from £125,000 to £550,000.
The equity is relatively tightly held, with 21 of the total
57 partners last year being full equity.
Turnover rose by 9 per cent to £25.7m.
|
