Profit per equity partner: £130,000
Equity spread: £100,000-£160,000
Net profit: £3m
Profit margin: 17 per cent
Salaried partner remuneration: £50,000-£90,000
Revenue per lawyer: £229,000
Revenue per partner: £402,000
Revenue per equity partner: £1,131,000
Cost per lawyer: £191,000
Profit per lawyer: £38,000
No of partners: 45
No of equity partners: 16
No of female partners: 15
No of female equity partners: Five
Total no of fee-earners (including consultants, paralegals etc): 150
Total no of fee-earners (excluding consultants, paralegals etc): 79
Total no of staff: 327
Leverage ratio: 1:2.13
Equity partner to staff ratio: 1:11.06
Fee-earner to staff ratio: 1:1.18
Financial management: Average WIP 88 days, average debtor days 108.
Equity structure: A three-tiered partnership consisting of junior fixed share, senior fixed share and full equity partners. Remuneration is entirely merit-based and the firm operates a two-tranche profits distribution system.
Billable hours targets: 800-1,100 partners.
Key clients: Bank of Ireland, Bank of Scotland, Department of Trade & Industry, Lloyds TSB.