Profit per equity partner: £321,000
Equity spread: £130,000-£456,000
Net profit: £34.7m
Profit margin: 28 per cent
Salaried partner remuneration: £162,000 (average, including up to 40 per cent bonus)
Revenue per lawyer: £244,000
Revenue per partner: £741,000
Revenue per equity partner: £1,159,000
Cost per lawyer: £176,000
Profit per lawyer: £68,000
No of partners: 169
No of equity partners: 108
No of female partners: 28
No of female equity partners: 13
Total no of fee-earners (inc. consultants, paralegals etc): 710
Total no of fee-earners (excluding consultants, paralegals etc): 514
Total no of staff: 1,206
Leverage ratio: 1:3.19
Equity partner to staff ratio: 1:4.59
Fee-earner to staff ratio: 1:0.7
Financial management: Lockup target 120 days, achieved 102 days (average WIP 31 days, average debtors 71). Average fixed capital contribution for an equity partner £200,000.
Equity structure: Modified lockstep with four steps, after which remuneration is merit-based.
Billable hours targets: Associates 1,450, partners 1,100.
Key clients: Associated British Foods, British Airways, BT Group, Capita Group, Datamonitor, Kingfisher, Newcastle United, PIPEX, Royal Doulton, Trinity Mirror, Woolworths.