Accountancy tied firms run up combined UK income of £110m

The four accountancy-tied law firms now account for £110m worth of fee income in the UK.

The two youngest practices – KPMG's KLegal and Ernst & Young's Tite & Lewis – have recorded huge growth in the past year. KLegal, which has now completed its second year, said income rose to £16.5m from £5m.
Tite & Lewis had a first year fee income of £5.4m. KLegal now boasts 100 lawyers compared with 50 a year ago; Tite & Lewis has 68.
James Hodgson, intellectual property partner at KLegal, said: “The relationships with KPMG are beginning to bear fruit and people have had time to bed their practices in.”
Tite & Lewis managing partner Christopher Tite said: “We got off to a racing start with the book of business that we brought with us.”
The fees per fee earner vary between the four – from £261,000 for the London practice of Andersen Legal to £201,000 for Tite & Lewis. The KLegal figure is £235,000; at PricewaterhouseCoopers' Landwell it is £213,000.
Andersen Legal is by far the biggest with a turnover of £72m, up from £63m the year before. It has nearly 400 fee earners, compared with 75 at Landwell which was founded just two years after it in 1996.
Worldwide managing partner for Andersen Legal Tony Williams said: “About 70 per cent of our fees now come from our top 50 clients, which is something you would expect in the more mature firms.”