| Turnover: |
£21.6m |
| Profit per equity partner: |
£370,000 |
| Earnings per partner: |
£152,000 |
| Equity spread: |
£190,000-£380,000 |
| Net profit: |
£5m |
| Profit margin: |
21 per cent |
| Revenue per lawyer: |
£186,000 |
| Revenue per partner: |
£400,000 |
| Revenue per equity partner: |
£1.66m |
| Total number of fee-earners: |
168 |
| Total number of assistants: |
62 |
| Total number of partners: |
54 |
| Total number of equity partners: |
13 |
| Total no of female partners: |
9 |
| Total no of female equity partners: |
0 |
| Total no of staff: |
338 |
| Leverage ratio (equity partners to assistants): |
1:7.9 |
| Representative clients: |
Barratt Group,
Haslam Homes,
Northern Rock,
Persimmon,
Shanks Group,
Tanfield Group |
|
|
*SELL |
WARD HADAWAY’S year-end results showed
increased turnover but static profit. Turnover was
£21.6m, a 6 per cent increase on last year’s £20m.
Although this continued the firm’s 18-year track
record of unbroken growth, it was hardly the stuff of
legend in the context of the year for most firms.
Average PEP fared far worse. Ward Hadaway failed
to improve on 2004-05’s £370,000, despite the small
equity partnership of just 13 partners out of a total 54.
The firm’s management attributed its performance to investment in both IT and staff.
Ward Hadaway’s litigation group brings in the largest
proportion of revenue, accounting for £8.6m of last
year’s total, from 25 partners. However, RPP was far
greater in the property group, which with only 12
partners brought in a comparable £7.2m.
Highlights of the past year include working on a
number of Local Improvement Finance Trust projects
for the NHS, the appointment to the National
Framework Panel for the Government’s Building
Schools for the Future project and the appointment
to the legal panels of Newcastle City Council and
development agency One NorthEast.
|
