| Turnover: |
£22.9m |
| Profit per equity partner: |
£712,000 |
| Earnings per partner: |
£200,000 |
| Equity spread: |
£510,000-£850,000 |
| Net profit: |
£5m |
| Profit margin: |
22 per cent |
| Revenue per lawyer: |
£260,000 |
| Revenue per partner: |
£573,000 |
| Revenue per equity partner: |
£3.27m |
| Total number of fee-earners: |
125 |
| Total number of assistants: |
48 |
| Total number of partners: |
40 |
| Total number of equity partners: |
7 |
| Total no of female partners: |
8 |
| Total no of female equity partners: |
0 |
| Total no of staff: |
270 |
| Leverage ratio (equity partners to assistants): |
1:11.6 |
| Representative clients: |
Bellway,
Countrywide,
Danielli,
Sir
Robert McAlpine,
PB Power | |
|
*BUY |
A STORMING year for Watson Burton saw the
Newcastle firm break into the top 100 for the first time.
Average PEP was well clear of the regional
competition and of most rivals’ in the regions and the
City. PEP for 2005-06 was up by an astonishing 38 per
cent, from £515,000 to £712,000. The firm’s high is
greatly aided by its tiny equity partnership, numbering
just seven out of a total 40 partners. This compares
with 33 of 65 at Tyneside rival Dickinson Dees,
where PEP last year fell by £6,000 to £321,000.
Profit at Watson Burton is also likely to dip in the
current financial year as the firm bears the start-up cost
of its new London property and construction outpost,
which opened in the Gherkin over the summer.
Turnover at Watson Burton hit £22.9m, up by a
mammoth 42 per cent on the £16.1m figure from
2004-05. The firm achieved a respectable 22 per cent
net profit margin on this.
|
