Profit per equity partner: £165,000
Equity spread: £100,000-£200,000
Net profit: £6.4m
Profit margin: 18 per cent
Salaried partner remuneration: £105,000-£130,000
Revenue per lawyer: £138,000
Revenue per partner: £391,000
Revenue per equity partner: £848,000
Cost per lawyer: £113,000
Profit per lawyer: £25,000
No of partners: 91
No of equity partners: 42
No of female partners: None
No of female equity partners: None
Total no of fee-earners (including consultants, paralegals etc): 384
Total no of fee-earners (excluding consultants, paralegals etc): 258
Total no of staff: 740
Leverage ratio: 1:4.32
Equity partner to staff ratio: 1:8.48
Fee-earner to staff ratio: 1:0.93
Financial management: Berrymans says it is
“tightly managed” which includes operating a “billing regime” agreed with all clients.
Equity structure: Berrymans claims to operate a ‘unique’ remuneration system. In practice this is likely to be a form of modified lockstep, however bespoke the firm may believe it to be.
Billable hours targets: None.
Key clients: Many of the leading insurers.