Irwin Mitchell – UK 100

Turnover: £91m

Profit per equity partner: £485,000

Equity spread: £150,000-£550,000

Net profit: £23.2m

Profit margin: 25 per cent

Salaried partner remuneration: £75,000

Revenue per lawyer: £146,000

Revenue per partner: £1,096,000

Revenue per equity partner: £1,896,000

Cost per lawyer: £109,000

Profit per lawyer: £37,000

No of partners: 83

No of equity partners: 48

No of female partners: 19

No of female equity partners: Seven

Total no of fee-earners (including consultants, paralegals etc): 784

Total no of fee-earners (excluding consultants, paralegals etc): 623

Total no of staff: 1,797

Leverage ratio: 1:11.25

Equity partner to staff ratio: 1:21.1

Fee-earner to staff ratio: 1:1.29

Financial management: Figures for WIP and debtor days were not available for Irwin Mitchell,

but given the firm’s profile as a primarily personal injury and litigation focused firm, lockup is likely to be high.

Equity structure: Merit-based remuneration.

Billable hours targets: Assistants 1,500, partners 1,250.

Key clients: Allied Irish Bank, Amicus, BMA, Esso, Esure, First Assist, HSBC, Henry Boot Developments, RBS (Direct Line, Churchill, UKI), River Island, Thorntons, Zurich.