The Lawyer Africa Elite 2014 features an in-depth look at 46 leading independent firms’ strategies in 15 key sub-Saharan jurisdictions, as well as the views of in-house counsel from some of Africa’s largest companies... Read more
This year, The Lawyer’s annual ranking of the largest UK law firms by turnover is available as an interactive, digital benchmarking tool. For the first time this will allow you to manipulate each data set against the metrics of your choice.
Turnover: £22.1m Profit per equity partner: £440K Earnings per partner: £234K Equity spread: £350K-£530K Net profit: £6.6m Profit margin: 30 per cent Revenue per fee-earner: £164K Revenue per lawyer: £228K Revenue per partner: £582K Revenue per equity partner: £1.47m Total number of fee-earners: 135 Total number of qualified partners: 97 Total number of partners: 38 Total number of equity partners: 15 Total number of female partners: 8 Total number of female equity partners: 1 Total number of staff: 265 Leverage ratio (equity partners/fee-earners): 1:5.5
LATERALS 2006-07: Real estate 1, construction 3 2005-06: Corporate 4, real estate 1, professional indemnity 1, family 1, employment 1, construction 1, commercial 1 2004-05: Corporate 1, litigation 1
Intake as percentage of partnership: 11.4 New female partners as percentage of intake: 25 Equity structure: 15 equity partners, 20 non-equity Practice area(s) most heavily promoted: Construction *Figures supplied relate to the calendar year
After 12 partner appointments in 2005-06, 2006-07 was a quiet year for Watson Burton in terms of new partners. The firm made only four lateral hires into construction and commercial property, but no internal promotions.
Since 2004 the Newcastle-based firm has opened offices in Leeds and London and recently announced plans to consult on opening up its equity structure to help retain salaried partners and associates.