| Turnover: |
£19.9m |
| Profit per equity partner: |
£488,000 |
| Earnings per partner: |
£321,000 |
| Equity spread: |
£260,000-£610,000 |
| Net profit: |
£7m |
| Profit margin: |
33 per cent |
| Revenue per lawyer: |
£266,000 |
| Revenue per partner: |
£726,000 |
| Revenue per equity partner: |
£1.49m |
| Total number of fee-earners: |
88 |
| Total number of assistants: |
48 |
| Total number of partners: |
27 |
| Total number of equity partners: |
13 |
| Total no of female partners: |
9 |
| Total no of female equity partners: |
4 |
| Total no of staff: |
171 |
| Leverage ratio (equity partners to assistants): |
1:4.6 |
| Representative clients: |
Bank of Tokyo-Mitsubishi,
Chester
City Council,
Insight Investment,
Moorfield Real Estate Fund,
Mercers’ Company | |
|
*BUY |
FORSTERS ISa new entry into the top 100. The firm
is not quite a property boutique, with £1.5m of revenue
coming from corporate and £2.6m from litigation, but
it represents the vast majority of its practice.
It was a terrific 12 months for the 27-partner London
firm, which last year featured at number eight in The
Rising 50, with turnover ballooning by 27 per cent.
Forsters operates a modified lockstep for its 13 equity
partners with a spread last year of £260,000-£610,000.
It posted a healthy PEP of £488,000, approaching this
year’s £500,000 benchmark, and a profit margin (33 per
cent) that many a firm in the City would be proud of.
As might be expected with a firm based so heavily
in property, Forsters’ lockup is longer than average,
at around 175 days throughout the year.
But its revenue per equity partner, at just less than
£1.5m, indicates a firm in robust health. Further
evidence for this came in the summer, when Forsters
won a place on the urban panel of the Queen’s
property agency, the Crown Estate.
|
