|
|
|
| Turnover: |
£23m |
| Profit per equity partner: |
£233,000 |
| Earnings per partner: |
£176,000 |
| Equity spread: |
£160,000-£310,000 |
| Net profit: |
£5m |
| Profit margin: |
23 per cent |
| Revenue per lawyer: |
£215,000 |
| Revenue per partner: |
£548,000 |
| Revenue per equity partner: |
£1.02m |
| Total number of fee-earners: |
134 |
| Total number of assistants: |
65 |
| Total number of partners: |
42 |
| Total number of equity partners: |
23 |
| Total no of female partners: |
12 |
| Total no of female equity partners: |
3 |
| Total no of staff: |
236 |
| Leverage ratio (equity partners to assistants): |
1:3.8 |
| Representative clients: |
BAA,
Computacenter,
Deutsche
Annington Immobilien Group,
EDF Energy,
Haymarket
Publishing,
Viacom | |
|
*BUY |
LEWIS SILKIN’S partners saw a resurgence in
profitability this year as average PEP rose by 40 per
cent to £233,000. The firm’s profit margin is now 23
per cent, a return to form after a year of heavy
investment hit 2005’s profit.
Partners have just £113,000 each invested in the
business, a figure that has increased slightly during
the past 18 months. Equity partners are remunerated
according to annual merit-based reviews, which
produce recommendations that are then voted on by
the firm’s partnership.
The firm failed to meet its 110-day lockup target by
19 days and is working to bring down its debtor
days. It has recently appointed a new manager to
oversee this process.
Lewis Silkin also has a low debt gearing ratio of 14
per cent, based on its long-term debt facilities. The
firm is moving towards a position of nil short-term
borrowing through improved management of
working capital.
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