Dickinson Dees – UK 100

Turnover: £39.5m

Profit per equity partner: £280,000

Equity spread: £220,000-£315,000

Net profit: £9m

Profit margin: 23 per cent

Salaried partner remuneration: £110,000

Revenue per lawyer: £219,000

Revenue per partner: £617,000

Revenue per equity partner: £1,234,000

Cost per lawyer: £169,000

Profit per lawyer: £50,000

No of partners: 64

No of equity partners: 32

No of female partners: 11

No of female equity partners: Three

Total no of fee-earners (including consultants, paralegals etc): 402

Total no of fee-earners (excluding consultants, paralegals etc): 180

Total no of staff: 681

Leverage ratio: 1:3.63

Equity partner to staff ratio: 1:8.72

Fee-earner to staff ratio: 1:0.69

Financial management: Lockup target 150 (reducing to 120 days), achieved 150 (average WIP 79 days, average debtor days 71). Practice profile by revenue – corporate 32 per cent, real estate 35 per cent, litigation 19 per cent, private client 14 per cent. Average fixed capital contributions £18,000.

Equity structure: Modified lockstep with four levels. Partners enter on seven shares and can gain a maximum of 10 shares. Partners can move up every two years based on performance. There were 18 partners at the top of lockstep last year.

Billable hours targets: Assistants 1,400, partners 1,100.

Key clients: Abbey National, Arriva, Bellway, Department of Trade and Industry, Go-Ahead Group, HBOS, Huntsman, Northern Electric, NVM, Proctor & Gamble.