Howard Kennedy

The Lawyer UK 200

  • UK 200 Position: 64
  • UK 2…

Position: 64 (same as last year)
Firm: Howard Kennedy

Turnover: £44m
Profit per equity partner: £618K
Earnings per partner: £246K
Equity spread: £295K-£900K
Net profit: £10.5m
Profit margin: 24 per cent
Revenue per fee-earner: £291K
Revenue per lawyer: £373K
Revenue per partner: £657K
Revenue per equity partner: £2.59m
Total number of fee-earners: 151
Total number of qualified partners: 118
Total number of partners: 67
Total number of equity partners: 17
Total number of female partners: 0
Total number of female equity partners: 0
Total number of staff: 0
Leverage ratio (equity partners/fee-earners): 1:5.9

2006-07: Corporate 1, finance 1, property 2
2005-06: Corporate 1, property 1
2004-05: Corporate 1, property 2

2006-07: Corporate 3, TMT 2, property 1
2005-06: Corporate 1, finance 1
2004-05: Corporate 1, TMT 1, private client 1, property 1, litigation 1

Intake as percentage of partnership: 14.7
New female partners as percentage of intake: 30
Equity structure: 18 equity partners, 50 non-equity
Practice area(s) most heavily promoted: Property, corporate
*Figures supplied relate to the calendar year

In the past four years Howard Kennedy has favoured lateral hires to expand its partnership, with 25 external hires compared with 13 internal appointments. Only one of the laterals had been female until 2006-07, when the firm hired an equal number of men and women, although there were no internal female appointments. Property remains the key sector for internal promotions, followed by corporate/commercial, but on the lateral side the firm bolstered its media and entertainment practice with three hires in three years, with corporate bagging five.