Profit per equity partner: £720,000
Equity spread: £420,000-£920,000
Net profit: £28.8m
Profit margin: 43 per cent
Salaried partner remuneration: £90,000-£275,000
Revenue per lawyer: £353,000
Revenue per partner: £1,063,000
Revenue per equity partner: £1,675,000
Cost per lawyer: £201,000
Profit per lawyer: £152,000
No of partners: 63
No of equity partners: 40
No of female partners: 10
No of female equity partners: Five
Total no of fee-earners (including consultants, paralegals etc): 252
Total no of fee-earners (excluding consultants, paralegals etc): 190
Total no of staff: 474
Leverage ratio: 1:3.18
Equity partner to staff ratio: 1:5.55
Fee-earner to staff ratio: 1:0.88
Financial management: No debt and no formal partners’ capital contributions. Partnership funded by holding back 10 per cent of drawings on a rolling basis each year. All other drawings paid out within six months. Average WIP on the lower side of average due to corporate transactional practice.
Equity structure: Meritocracy.
Billable hours targets: None
Key clients: Alchemy, Pernod Ricard, 3i, Virgin.