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.