Turnover: £125.6m Profit per equity partner: £483K Earnings per partner: £451K Equity spread: £166K-£778K Net profit: £51m Profit margin: 41 per cent Revenue per fee-earner: £194K Revenue per lawyer: £289K Revenue per partner: £1,112K Revenue per equity partner: £1.11m Total number of fee-earners: 648 Total number of qualified partners: 434 Total number of partners: 113 Total number of equity partners: 113 Total number of female partners: 19 Total number of female equity partners: 19 Total number of staff: 1,188 Leverage ratio (equity partners/fee-earners): 1:2.8
Intake as percentage of partnership: 6.4 New female partners as percentage of intake: 28.6 Firms recruited from:Allen & Overy, CMS Cameron McKenna, Eversheds, Pinsent Masons, SJ Berwin Equity structure: 110 equity partners Practice area(s) most heavily promoted: Project finance, property *Figures supplied relate to the calendar year
Partnership prospects improved in 2006-07 at Wragge & Co with six lawyers made up compared with three the previous year. Real estate and employment scooped two apiece. This compared with one lateral into the project finance team, which also received three other hires in the two preceding years. The firm introduced a director level in between associate and partner in 2005 as an alternative career path, a scheme so far taken up by nine lawyers.