Profit per equity partner: £230,000
Equity spread: £180,000-£290,000
Net profit: £4.6m
Profit margin: 19 per cent
Salaried partner remuneration: £70,000-£80,000
Revenue per lawyer: £165,000
Revenue per partner: £513,000
Revenue per equity partner: £1,205,000
Cost per lawyer: £134,000
Profit per lawyer: £32,000
No of partners: 47
No of equity partners: 20
No of female partners: 10
No of female equity partners: Four
Total no of fee-earners (including consultants, paralegals etc): 220
Total no of fee-earners (excluding consultants, paralegals etc): 146
Total no of staff: 443
Leverage ratio: 1:4.95
Equity partner to staff ratio: 1:11.15
Fee-earner to staff ratio: 1:1.01
Financial management: Lockup target 135 days, achieved 152 days (average WIP 93 days, average debtors 59 days). Average fixed capital contribution for an equity partner £118,000.
Equity structure: Equity partners all start with 65 points and move up to 100 points after a minimum of five years. But partners with 80 points have to win a vote to achieve the next level. Twenty per cent of the profits go into a bonus pool and are then distributed to the equity partners based on their performance.
Billable hours targets: Assistants 1,350, partners 1,200.
Key clients: Aggregate Industries, English Nature, Countryside Council for Wales, NHS Litigation Authority, Youth Hostel Association.