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: £49.8m Profit per equity partner: £305K Earnings per partner: £144K Equity spread: £177K-£386K Net profit: £8.4m Profit margin: 17 per cent Revenue per fee-earner: £109K Revenue per lawyer: £171K Revenue per partner: £503K Revenue per equity partner: £1.78m Total number of fee-earners: 458 Total number of qualified partners: 292 Total number of partners: 99 Total number of equity partners: 28 Total number of female partners: 30 Total number of female equity partners: 3 Total number of staff: 797 Leverage ratio (equity partners/fee-earners): 1:9.4
INTERNAL PROMOTIONS 2006-07: Commercial 1, healthcare 2, litigation 2 2005-06: Litigation 4, real estate 1, professional indemnity 2, public sector 1 2004-05: Litigation 1, professional indemnity 1
LATERALS 2006-07: Healthcare 1, marine 1, transport 2, litigation 3, public sector 1 2005-06: Litigation 1, real estate 2, professional indemnity 1, public sector 1, transport 1 2004-05: Transport 1, real estate 1
Intake as percentage of partnership: 14.8 New female partners as percentage of intake: 13.5 Firms recruited from: Ricksons, Berryman Lace Mawer, Clyde & Co, DLA Piper Equity structure: 24 equity partners, 64 non-equity Practice area(s) most heavily promoted: Healthcare, professional indemnity, litigation *Figures supplied relate to the calendar year
Over the past three years Weightmans has promoted 15 lawyers to its partnership, with a focus on contentious practice groups. 2005-06 saw this peak, with eight made up. Healthcare and professional indemnity saw the most promotions in 2006-07 and 2005-06 respectively. The firm has also been steadily rebuilding through lateral hires following a turbulent period, increasing the number of lateral hires over the past three years to reach eight in 2006-07.