Dundas & Wilson – UK 100

Turnover: £40m

Profit per equity partner: £236,000

Equity spread: £125,000-£450,000

Net profit: £14.7m

Profit margin: 37 per cent

Salaried partner remuneration: None

Revenue per lawyer: £184,000

Revenue per partner: £606,000

Revenue per equity partner: £606,000

Cost per lawyer: £117,000

Profit per lawyer: £68,000

No of partners: 66

No of equity partners: 66

No of female partners: 17

No of female equity partners: 17

Total no of fee-earners (including consultants, paralegals etc): 267

Total no of fee-earners (excluding consultants, paralegals etc): 217

Total no of staff: 445

Leverage ratio: 1:2.36

Equity partner to staff ratio: 1:2.70

Fee-earner to staff ratio: 1:0.67

Financial management: Lockup target 120 days, achieved 129 days (average WIP 53 days, average debtor days 76). The average fixed-capital contribution for equity partners is £160,000.

Equity structure: Merit-based remuneration.

Billable hours targets: No fixed firmwide targets set.

Key clients: Fife Health Board, Royal Bank of Scotland, Scottish Executive, Scottish and Southern Energy, Scottish Water, Standard Life, Transport Initiatives Edinburgh.