Profit per equity partner: £278,000
Equity spread: £200,000-£400,000
Net profit: £6.4m
Profit margin: 21 per cent
Salaried partner remuneration: £85,000
Revenue per lawyer: £203,000
Revenue per partner: £556,000
Revenue per equity partner: £1,304,000
Cost per lawyer: £159,000
Profit per lawyer: £43,000
No of partners: 54
No of equity partners: 23
No of female partners: 10
No of female equity partners: Three
Total no of fee-earners (including consultants, paralegals etc): 169
Total no of fee-earners (excluding consultants, paralegals, etc): 148
Total no of staff: 315
Leverage ratio: 1:4.09
Equity partner to staff ratio: 1:6.35
Fee-earner to staff ratio: 1:0.86
Financial management: Lockup target 120 days, achieved 155 (WIP 70 days and debtor days 85 at year-end). Average capital contributions £140,000.
Equity structure: DAC operates a modified lockstep of 2:1, with an annual performance review enabling movement both up and down. It normally takes six years to reach the top of equity and there are currently four plateau partners.
Billable hours targets: 1,600 assistants, 1,200 partners.
Key clients: Balfour Beatty, Crest Nicholson, Equitas, Jacobs, Madison.