Profit per equity partner: £210,000
Equity spread: £140,000-£250,000
Net profit: £5m
Profit margin: 22 per cent
Salaried partner remuneration: £97,250
Revenue per lawyer: £252,000
Revenue per partner: £528,000
Revenue per equity partner: £946,000
Cost per lawyer: £197,000
Profit per lawyer: £56,000
No of partners: 43
No of equity partners: 24
No of female partners: Seven
No of female equity partners: Two
Total no of fee-earners (including consultants, paralegals etc): 129
Total no of fee-earners (excluding consultants, paralegals etc): 90
Total no of staff: 252
Leverage ratio: 1:1.96
Equity partner to staff ratio: 1:5.13
Fee-earner to staff ratio: 1:0.95
Financial management: Average WIP 160 days, average debtor days 48. Partners’ capital contributions £90,000 for top of equity.
Equity structure: The firm operates a modified lockstep including fixed-share or basic salary, point-share for those with equity investment, plus a qualified bonus – for example, those partners at the top of equity may have profits of £230,000 plus a £20,000 qualified bonus.
Billable hours targets: 1,000 for assistants.
Key clients: Bank of Ireland, Brompton Estates, Exxon Mobil Corporate Group, Jarvis Porter, Merseytravel, Metropolitan Police, Crown Estates, Paramount.