Profit per equity partner: £210,000
Equity spread: £164,000-£233,000
Net profit: £9.3m
Profit margin: 25 per cent
Salaried partner remuneration: Average of £96,000 for fixed share partners.
Revenue per lawyer: £158,000
Revenue per partner: £603,000
Revenue per equity partner: £1,022,000
Cost per lawyer: £118,000
Profit per lawyer: £40,000
No of partners: 61
No of equity partners: 36
No of female partners: 18
No of female equity partners: N/A
Total no of fee-earners (including consultants, paralegals etc): 355
Total no of fee-earners (excluding consultants, paralegals etc): 233
Total no of staff: 675
Leverage ratio: 1:3.48
Equity partner to staff ratio: 1:8.89
Fee-earner to staff ratio: 1:0.9
Financial management: Practice profile by revenue – commercial litigation 57 per cent, corporate and finance 20 per cent, property 23 per cent.
Equity structure: Modified seven-year lockstep with a small bonus pool. New partners spend three years on a fixed share before moving on to the lockstep. Partners can be accelerated, frozen or demoted on the lockstep at an annual review.
Billable hours targets: None
Key clients: Amerada Hess, Barclays, Oasis, Royal Mail.