| Turnover: |
£19.7m |
| Profit per equity partner: |
£262,000 |
| Earnings per partner: |
£187,000 |
| Equity spread: |
£231,000-£289,000 |
| Net profit: |
£4.7m |
| Profit margin: |
24 per cent |
| Revenue per lawyer: |
£269,000 |
| Revenue per partner: |
£517,000 |
| Revenue per equity partner: |
£1.09m |
| Total number of fee-earners: |
95 |
| Total number of assistants: |
35 |
| Total number of partners: |
38 |
| Total number of equity partners: |
18 |
| Total no of female partners: |
9 |
| Total no of female equity partners: |
2 |
| Total no of staff: |
164 |
| Leverage ratio (equity partners to assistants): |
1:3.1 |
| Representative clients: |
Ashtenne Holdings,
BMW,
Henderson
Global Investors,
Quintain Estates and Development,
Serica
Energy,
Tesco Stores |
|
|
*HOLD |
WEDLAKE BELLhas bounced back from a flat 2004-
05 with its best financial growth for nearly a decade.
Its finances were hampered by a move to modern
offices in June 2004, but it recovered to post modest,
but respectable, increases on its 2003-04 figures.
The office move meant a 30 per cent increase in rent,
but strong performances from corporate and real
estate saw the firm turn around the decline in net profit,
although in comparison with 2003-04’s £4.5m, last
year’s £4.7m means net has barely grown in two years.
Wedlake Bell’s turnover in 2005-06 was up by
nearly 17 per cent on the year before to £19.7m. It was
a welcome return to form, representing an 18 per cent
increase on the 2003-04 figure of £16.6m and
indicating it has well and truly put the flat 2004-05,
when turnover inched up to £16.8m, behind it.
Average PEP dipped by 8 per cent in 2004-05 to
£230,000, but rebounded strongly last year to
£262,000. That result was 5 per cent up on the
2003-04 figure of £250,000.
The firm also has a Guernsey office to service its
private client practice, with two partners based there.
|
