Charles Russell


Position: 41
Firm: Charles Russell

Turnover: £70.7m
Profit per equity partner: £390K
Earnings per partner: £262K
Equity spread: £222K-£435K
Net profit: £17.2m
Profit margin: 24 per cent
Revenue per fee-earner: £208K
Revenue per lawyer: £265K
Revenue per partner: £786K
Revenue per equity partner: £1.61m
Total number of fee-earners: 340
Total number of qualified partners: 267
Total number of partners: 90
Total number of equity partners: 44
Total number of female partners: 25
Total number of female equity partners: 6
Total number of staff: 584
Leverage ratio (equity partners/fee-earners): 1:5.1


INTERNAL PROMOTIONS
2006-07: Employment 2, family 1, litigation 2
2005-06: Corporate 6, employment 1, family 1
2004-05: Corporate 2, employment1, litigation 2

LATERALS
2006-07: Corporate 1, employment 1
2005-06: Litigation 2
2004-05: Corporate 3, litigation 2, private client 3

Intake as percentage of partnership: 7.5
New female partners as percentage of intake: 57.1
Firms recruited from:Brown Cooper Monier-Williams, Hextalls
Equity structure: 58 equity partners, 35 non-equity
Practice area(s) most heavily promoted: Corporate/commercial, employment/pensions
*Figures supplied relate to the calendar year

For a firm with a long history of private client work, it is notable that Charles Russell has not made up any candidates in the practice in the past four years. In 2004-05 it took a team from Stephenson Harwood in that area, but has made little advancement since. Instead the focus turned to corporate/commercial, where it promoted eight in the past three years, and employment/pensions, where four have been made up over the same period. Female associates also fared well, scooping three of the five promotions in 2006-07.

  • Web: www.charlesrussell.co.uk
  • Telephone: 020 7203 5353
  • Fax: 0207 203 5307
  • No. of Trainees: 35
  • No. of Trainee Vacancies: 20
  • Training contract application deadline: 31-Jul-08
  • Selection
    • Individual interview: No
    • Panel interview: No
    • Assessment day: Yes
    • Psychometric test: No
    • Written exercise: No
    • Presentation: No
  • No. of Seats: 4
  • Opportunities Abroad: No
  • Vacation Schemes
    • No. placements: 16
    • Summer vacation scheme application deadline: 31-Jan-08
  • GDL/CPE Intake: 50%
  • GDL/CPE funding
    • Fees: Yes
    • Maintenance: £6,000
  • LPC funding
    • Fees: Yes
    • Maintenance: £6,000
  • Salary/benefits
    • Start: £31,000
    • Qualification: £53,000
    • Season ticket loan: Yes
    • Healthcare: Yes
    • Pension scheme: Yes
    • Life assurance: Yes
    • Bonus scheme: Yes
    • Gym membership: No
    • Subsidised lunch: No
    • Free taxis after hours