Richards Butler – UK 100

Turnover: £87m

Profit per equity partner: £415,000

Equity spread: £180,000-£1,000,000

Net profit: £24m

Profit margin: 28 per cent

Salaried partner remuneration: £75,000-£180,000

Revenue per lawyer: £270,000

Revenue per partner: £806,000

Revenue per equity partner: £1,582,000

Cost per lawyer: £196,000

Profit per lawyer: £75,000

No of partners: 108

No of equity partners: 55

No of female partners: 20

No of female equity partners: Seven

Total no of fee-earners (including consultants, paralegals etc): 400

Total no of fee-earners (excluding consultants, paralegals etc): 322

Total no of staff: 750

Leverage ratio: 1:3.89

Equity partner to staff ratio: 1:6.36

Fee-earner to staff ratio: 1:0.88

Financial management: Lockup target 110 days, achieved 105 (average WIP 37 days, average debtor days 68). Average fixed capital contribution for an equity partner £235,000.

Equity structure: Merit-based.

Billable hours targets: Six hours per day for associates and partners.

Key clients: MTV, Rank Group, Sea Containers.