Maclay Murray & Spens

The Lawyer UK 200

  • UK 200 Position: 50

  • Position: 47
    Firm: Maclay Murray & Spens

    Turnover: £61.1m
    Profit per equity partner: £325K
    Earnings per partner: £264K
    Equity spread: £155K-£410K
    Net profit: £16m
    Profit margin: 26 per cent
    Revenue per fee-earner: £169K
    Revenue per lawyer: £239K
    Revenue per partner: £849K
    Revenue per equity partner: £1.25m
    Total number of fee-earners: 362
    Total number of qualified partners: 256
    Total number of partners: 72
    Total number of equity partners: 49
    Total number of female partners: 22
    Total number of female equity partners: 0
    Total number of staff: 585
    Leverage ratio (equity partners/fee-earners): 1:4.2

    2006-07: Corporate 1, banking/finance 1, property 1
    2005-06: Property 3, projects 1
    2004-05: Property 1, construction 1, private client 1

    2006-07: Commercial litigation 1, IP 1
    2005-06: 0
    2004-05: Corporate 6

    Intake as percentage of partnership: 6.9
    New female partners as percentage of intake: 20
    Equity structure: 58 equity partners, 14 non-equity
    Practice area(s) most heavily promoted: Corporate, real estate
    *Figures supplied relate to the calendar year

    Maclay Murray & Spens appointed five partners (three promotions and two laterals) across a variety of disciplines in 2006-07. Last year the firm promoted four lawyers to partner and it made no laterals, a stark contrast with 2004-05, when it a bolted on six corporate partners from City Law Partnership. This year appointments have been spread more evenly, with two partners brought in from outside and three of its own promoted.

    One of the five new partners was a woman who was brought in to reinforce the firm’s City office.