Profit per equity partner: £172,000
Equity spread: £110,000-£179,000
Net profit: £5.6m
Profit margin: 21 per cent
Salaried partner remuneration: £65,000-£70,000
Revenue per lawyer: £175,000
Revenue per partner: £534,000
Revenue per equity partner: £1,068,000
Cost per lawyer: £138,000
Profit per lawyer: £36,000
No of partners: 50
No of equity partners: 25
No of female partners: Five
No of female equity partners: Three
Total no of fee-earners (including consultants, paralegals etc): 268
Total no of fee-earners (excluding consultants, paralegals etc): 153
Total no of staff: 506
Leverage ratio: 1:4.12
Equity partner to staff ratio: 1:9.52
Fee-earner to staff ratio: 1:0.89
Financial management: Lockup target 60 days, achieved 245 (average WIP 168 days, average debtors 77). Average fixed capital contribution for an equity partner is £120,000.
Equity structure: A merit-based partnership with three categories of partner – equity, prior share and fixed share. Last year, two partners stood at the top of equity.
Billable hours targets: 1,300 assistants
Key clients: Bristol & West, Burger King, Epsom Downs Racecourse, HM Customs & Excise, Persimmon, RAC, Terramond.