ASB Law – UK 100

Turnover: £18.1m

Profit per equity partner: £130,000

Equity spread: £100,000-£160,000

Net profit: £3m

Profit margin: 17 per cent

Salaried partner remuneration: £50,000-£90,000

Revenue per lawyer: £229,000

Revenue per partner: £402,000

Revenue per equity partner: £1,131,000

Cost per lawyer: £191,000

Profit per lawyer: £38,000

No of partners: 45

No of equity partners: 16

No of female partners: 15

No of female equity partners: Five

Total no of fee-earners (including consultants, paralegals etc): 150

Total no of fee-earners (excluding consultants, paralegals etc): 79

Total no of staff: 327

Leverage ratio: 1:2.13

Equity partner to staff ratio: 1:11.06

Fee-earner to staff ratio: 1:1.18

Financial management: Average WIP 88 days, average debtor days 108.

Equity structure: A three-tiered partnership consisting of junior fixed share, senior fixed share and full equity partners. Remuneration is entirely merit-based and the firm operates a two-tranche profits distribution system.

Billable hours targets: 800-1,100 partners.

Key clients: Bank of Ireland, Bank of Scotland, Department of Trade & Industry, Lloyds TSB.