Profit per equity partner: £265,000
Equity spread: £265,000
Net profit: £3.1m
Profit margin: 18 per cent
Salaried partner remuneration: None
Revenue per lawyer: £164,000
Revenue per partner: £363,000
Revenue per equity partner: £1,450,000
Cost per lawyer: £135,000
Profit per lawyer: £29,000
No of partners: 48
No of equity partners: 12
No of female partners: Three
No of female equity partners: None
Total no of fee-earners (including consultants, paralegals etc): 165
Total no of fee-earners (excluding consultants, paralegals etc): 106
Total no of staff: 300
Leverage ratio: 1:4.83
Equity partner to staff ratio: 1:11.25
Fee-earner to staff ratio: 1:0.8
Financial management: Lockup target 150 days, achieved 242 (average WIP 110 days, average debtor days 132). Practice profile by revenue: corporate/finance 24 per cent, property 31, litigation 33, employment 7, private client 5. Average fixed capital contributions for equity partners is £120,000.
Equity structure: Lockstep, with all 12 equity partners at the top.
Billable hours targets: 1,250 partners.
Key clients: NHS Litigation Authority, Pensher Skytech.