Kennedys – UK 100

Turnover: £32.7m

Profit per equity partner: £291,000

Equity spread: £200,000-£450,000

Net profit: £12.5m

Profit margin: 38 per cent

Salaried partner remuneration: £70,000

Revenue per lawyer: £165,000

Revenue per partner: £488,000

Revenue per equity partner: £1,022,000

Cost per lawyer: £102,000

Profit per lawyer: £63,000

No of partners: 67

No of equity partners: 32

No of female partners: 14

No of female equity partners: Two

Total no of fee-earners (including consultants, paralegals etc): 241

Total no of fee-earners (excluding consultants, paralegals etc): 198

Total no of staff: 454

Leverage ratio: 1:2.55

Equity partner to staff ratio: 1:6.66

Fee-earner to staff ratio:1:0.88

Financial management: Lockup target 203 days, achieved 139 (average WIP at year-end was 59 days, with 80 debtor days). Work profile by revenue is litigation 80 per cent, others 20.

Equity structure: Modified lockstep. There is a set top and bottom of equity, but there are no set values for increases.

Billable hours targets: 1,000-1,300 partners.

Key clients: Ace, AIG, Exel, Network Rail, NHS Litigation Authority, Zurich.