Profit per equity partner: £212,000
Equity spread: £100,000-£250,000
Net profit: £5.1m
Profit margin: 26 per cent
Salaried partner remuneration: N/A
Revenue per lawyer: £161,000
Revenue per partner: £419,000
Revenue per equity partner: £821,000
Cost per lawyer: £120,000
Profit per lawyer: £42,000
No of partners: 47
No of equity partners: 24
No of female partners: 13
No of female equity partners: Two
Total no of fee-earners (including consultants, paralegals etc): 164
Total no of fee-earners (excluding consultants, paralegals etc): 122
Total no of staff: 347
Leverage ratio: 1:3.13
Equity partner to staff ratio: 1.7.63
Fee-earner to staff ratio: 1:1.12
Financial management: Lockup target is 150 days, achieved 166 (average WIP 103, average debtor days 63). Practice profile by revenue is corporate 22 per cent, commercial 13, litigation 23, property 24, employment 7, others 11. The average fixed capital contribution for an equity partner is £150,000. The firm has not made any adjustment in the figures for FRS5.
Equity structure: Modified lockstep with 10 steps. There were nine partners at the top of equity last year.
Billable hours targets: 1,500 assistants, 1,000 partners.
Key clients: Balfour Beatty, Millennium Stadium, PowerGen, Royal Bank of Scotland, Thames Water, Welsh Water.