Watson Burton

The Lawyer UK 200

  • UK 200 Position: 90
  • UK 20…


 

Position: 93
Firm: Watson Burton

Turnover: £22.1m
Profit per equity partner: £440K
Earnings per partner: £234K
Equity spread: £350K-£530K
Net profit: £6.6m
Profit margin: 30 per cent
Revenue per fee-earner: £164K
Revenue per lawyer: £228K
Revenue per partner: £582K
Revenue per equity partner: £1.47m
Total number of fee-earners: 135
Total number of qualified partners: 97
Total number of partners: 38
Total number of equity partners: 15
Total number of female partners: 8
Total number of female equity partners: 1
Total number of staff: 265
Leverage ratio (equity partners/fee-earners):1:5.5

 

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INTERNAL PROMOTIONS
2006-07: 0
2005-06:Construction 1, real estate 1
2004-05: 0

LATERALS
2006-07: Real estate 1, construction 3
2005-06: Corporate 4, real estate 1, professional indemnity 1, family 1, employment 1, construction 1, commercial 1
2004-05: Corporate 1, litigation 1

Intake as percentage of partnership: 11.4
New female partners as percentage of intake: 25
Equity structure: 15 equity partners, 20 non-equity
Practice area(s) most heavily promoted: Construction
*Figures supplied relate to the calendar year

After 12 partner appointments in 2005-06, 2006-07 was a quiet year for Watson Burton in terms of new partners. The firm made only four lateral hires into construction and commercial property, but no internal promotions.

Since 2004 the Newcastle-based firm has opened offices in Leeds and London and recently announced plans to consult on opening up its equity structure to help retain salaried partners and associates.