Profit per equity partner: £221,000
Equity spread: £151,000-£305,000
Net profit: £9.7m
Profit margin: 24 per cent
Salaried partner remuneration: £78,000
Revenue per lawyer: £168,000
Revenue per partner: £355,000
Revenue per equity partner: £911,000
Cost per lawyer: £127,000
Profit per lawyer: £41,000
No of partners: 113
No of equity partners: 44
No of female partners: 22
No of female equity partners: Six
Total no of fee-earners (including consultants, paralegals etc): 375
Total no of fee-earners (excluding consultants, paralegals etc): 239
Total no of staff: 739
Leverage ratio: 1:3.46
Equity partner to staff ratio: 1:3.27
Fee-earner to staff ratio: 1:0.97
Financial management: WIP at year end 149 days, with 69 debtor days.
Equity structure: Modified lockstep with partners moving up one step each year based on performance. A formal three-year review by a committee chaired by managing partner David Wareing can move partners up or down the lockstep or maintain their position. Plateau is at eight years, but there is also a super plateau for senior partners. There are currently seven partners at the top of lockstep.
Billable hours targets: 1,400 assistants and partners.
Key clients: Barclays, KwikSave, Liverpool City Council, Mersey Docks, NCP, Royal Bank of Scotland, Royal Liver Assurance, Somerfield, United Utilities.