| Turnover: |
£21m |
| Profit per equity partner: |
£250,000 |
| Earnings per partner: |
£158,000 |
| Equity spread: |
£120,000-£350,000 |
| Net profit: |
£5m |
| Profit margin: |
24 per cent |
| Revenue per lawyer: |
£175,000 |
| Revenue per partner: |
£429,000 |
| Revenue per equity partner: |
£1.05m |
| Total number of fee-earners: |
251 |
| Total number of assistants: |
71 |
| Total number of partners: |
49 |
| Total number of equity partners: |
20 |
| Total no of female partners: |
11 |
| Total no of female equity partners: |
2 |
| Total no of staff: |
434 |
| Leverage ratio (equity partners to assistants): |
1:5.0 |
| Representative clients: |
NatWest Bank,
South Somerset
District Council,
South West Ventures Fund | |
|
*HOLD |
AT THE one-year anniversary of its demerger from
Bevan Brittan in November 2005, South West firm
Ashfords was going public about its achievements over
the past year, which included a 10 per cent increase
in headcount.
But the firm has been a little more cagey about its
financial performance. This has not seen the same
growth, with turnover up by 7.7 per cent during the
financial year, from £19.5m to £21m.
Ashfords’ average PEP fared better with an 11 per
cent increase, growing from £225,000 to £250,000,
while its £5m net profit gives the firm a healthy 24
per cent profit margin.
However, the firm looks set for more costs pressure
in the future, with managing partner Simon Rous
seeking aggressive growth in some of its six offices.
Rous is looking to double the size of the Plymouth
office in three years, while Bristol is about to move into
new premises. Ashfords partners will hope that the
additional recruits, and the attendant costs, tranlate
into significant fee generation.
|
