Profit per equity partner: £674,000
Equity spread: £345,000-£864,000
Net profit: £252m
Profit margin: 35 per cent
Salaried partner remuneration: £250,000
Revenue per lawyer: £360,000
Revenue per partner: £1,532,000
Revenue per equity partner: £1,846,000
Cost per lawyer: £234,000
Profit per lawyer: £126,000
No of partners: 470
No of equity partners: 390
No of female partners: 63
No of female equity partners: 23
Total no of fee-earners(including consultants, paralegals etc): 2,500
Total no of fee-earners(excluding consultants, paralegals etc): 2,000
Total no of staff: 5,000
Leverage ratio: 1:3.92
Equity partner to staff ratio: 1:6.41
Fee-earner to staff ratio: 1:1
Financial management: A mixture of slow-paying clients and the installation of a multimillion-pound SAP system (resulting in clients not being billed for some months) resulted in longer WIP and delayed partner profit distributions during the first six months of the year. Despite these not insignificant hitches, Linklaters says that its financial management was back on track by year-end.
Equity structure: Ten-year lockstep. Bottom of equity starts on 10 points with each step worth 1.5 points, culminating in 25 points at plateau.
Billable hours targets: None
Key clients: BP, Lloyds TSB, Royal Bank of Scotland, Vodafone.