Profit per equity partner: £247,000
Equity spread: £140,000-£283,000
Net profit: £11.1m
Profit margin: 18 per cent
Salaried partner remuneration: £90,000-£160,000
Revenue per lawyer: £240,000
Revenue per partner: £705,000
Revenue per equity partner: £1,378,000
Cost per lawyer: £197,000
Profit per lawyer: £43,000
No of partners: 88
No of equity partners: 45
No of female partners: 17
No of female equity partners: Five
Total no of fee-earners (including consultants, paralegals etc: 336
Total no of fee-earners (excluding consultants, paralegals etc): 258
Total no of staff: 605
Leverage ratio: 1:3.78
Equity partner to staff ratio: 1:5.98
Fee-earner to staff ratio: 1:0.8
Financial management: Because a large proportion of the firm’s revenue comes from monthly billed litigation rather than transactional work, Masons has a lower level of investment in clients than many other law firms of a comparable size.
Equity structure: The firm operates a modified lockstep, with remuneration based on merit indicators such as winning work, cross-selling, managing WIP and debtor days and managing client relationships.
Billable hours targets: Associates 1,400-1,500, partners1,200.
Key clients: Amec, Balfour Beatty, Carillion, Fujitsu Services, L-Cat, Lendlease.