Turnover: £22.3m Profit per equity partner: £235K Earnings per partner: £165K Equity spread: £190K-£280K Net profit: £3.9m Profit margin: 17 per cent Revenue per fee-earner: £203K Revenue per lawyer: £262K Revenue per partner: £558K Revenue per equity partner: £1.31m Total number of fee-earners: 110 Total number of qualified partners: 85 Total number of partners: 40 Total number of equity partners: 17 Total number of female partners: 10 Total number of female equity partners: 3 Total number of staff: 190 Leverage ratio (equity partners/fee-earners): 1:4
INTERNAL PROMOTIONS 2006-07: IP 1, employment 1, real estate 1 2005-06: Corporate 1 2004-05: 0
LATERALS 2006-07: 0 2005-06: Private client 1, media 1, corporate 1 2004-05: Media 1
Intake as percentage of partnership: 7.3 New female partners as percentage of intake: 33.3 Equity structure: 20 equity partners, 21 non-equity Practice area(s) most heavily promoted: IP, employment, real estate, corporate *Figures supplied relate to the calendar year
West End upstart Wedlake Bell has ambitious plans to double the size of its corporate team. But that has not translated into a swathe of partnership promotions yet. One corporate lawyer was made up in 2005-06, while the firm’s other core practice, IP, also received one partnership promotion in 2006-07, along with employment and real estate.