The Lawyer UK 200

  • UK 200 Position: 86
  • UK 200 Sha…

Position: 86 (same as last year)
Firm: Geldards

Turnover: £24.5m
Profit per equity partner: £285K
Earnings per partner: £184K
Equity spread: £157K-£295K
Net profit: £7.1m
Profit margin: 29 per cent
Revenue per fee-earner: £142K
Revenue per lawyer: £169K
Revenue per partner: £500K
Revenue per equity partner: £0.98m
Total number of fee-earners: 173
Total number of qualified partners: 145
Total number of partners: 49
Total number of equity partners: 25
Total number of female partners: 12
Total number of female equity partners: 2
Total number of staff: 308
Leverage ratio (equity partners/fee-earners): 1:4.8

2006-07: Insolvency 1
2005-06: Corporate 2, real estate 1
2004-05: Dispute resolution 1

2006-07: 0
2005-06: 0
2004-05: Corporate 2, real estate 1

Intake as percentage of partnership: 1.9
New female partners as percentage of intake: 0
Equity structure: 27 equity, 27 non-equity
Practice area(s) most heavily promoted: Corporate, insolvency, real estate
*Figures supplied relate to the calendar year

Geldards rarely makes a lateral partner hire, preferring to grow the partnership organically, albeit at a slow pace. Despite this strategy, the firm actively recruits at associate level. In 2006-07 Geldards boosted its commercial property team in Nottingham with the hire of six solicitors from Eversheds, Freeth Cartwright and Wragge & Co.