Farrer & Co – UK 100

Turnover: £26.7m

Profit per equity partner: £289,000

Equity spread: £200,000-£350,000

Net profit: £5.2m

Profit margin: 19 per cent

Salaried partner remuneration: £85,000-£190,000

Revenue per lawyer: £238,000

Revenue per partner: £485,000

Revenue per equity partner: £1,483,000

Cost per lawyer: £192,000

Profit per lawyer: £46,000

No of partners: 55

No of equity partners: 18

No of female partners: 14

No of female equity partners: Two

Total no of fee-earners (including consultants, paralegals etc): 140

Total no of fee-earners (excluding consultants, paralegals etc): 112

Total no of staff: 281

Leverage ratio: 1:3.17

Equity partner to staff ratio: 1:7.83

Fee-earner to staff ratio: 1:1.01

Financial management: Lockup figures were not available, but given Farrer’s reputation for private client work it is likely to be long. Private client is the largest practice area, although family is the most profitable.

Equity structure: Modified lockstep.

Billable hours targets: 1,250

Key clients: Dame Shirley Porter, QMH, The National Gallery, UK Athletics.