Profit per equity partner: £325,000
Equity spread: £195,000-£530,000
Net profit: £38.2m
Profit margin: 22 per cent
Salaried partner remuneration: £100,000-£180,000
Revenue per lawyer: £268,000
Revenue per partner: £921,000
Revenue per equity partner: £1,487,000
Cost per lawyer: £209,000
Profit per lawyer: £59,000
No of partners: 189
No of equity partners: 117
No of female partners: 55
No of female equity partners: 31
Total no of fee-earners (including consultants, paralegals etc): 816
Total no of fee-earners (excluding consultants, paralegals etc): 650
Total no of staff: 1,598
Leverage ratio: 1:3.94
Equity partner to staff ratio: 1:6.68
Fee-earner to staff ratio: 1:0.96
Financial management: Lockup target 117 days, achieved 118. Average WIP 33 days, average debtor 85.
Equity structure: Modified lockstep with 45 points allocated to a first-year partner, increasing in five-point increments to 90. 25 per cent of profit is allocated on a merit basis.
Billable hours targets: None
Key clients: Big four accountants, Sainsbury’s, Shell, GE.