Linklaters – UK 100

Turnover: £720m

Profit per equity partner: £674,000

Equity spread: £345,000-£864,000

Net profit: £252m

Profit margin: 35 per cent

Salaried partner remuneration: £250,000

Revenue per lawyer: £360,000

Revenue per partner: £1,532,000

Revenue per equity partner: £1,846,000

Cost per lawyer: £234,000

Profit per lawyer: £126,000

No of partners: 470

No of equity partners: 390

No of female partners: 63

No of female equity partners: 23

Total no of fee-earners(including consultants, paralegals etc): 2,500

Total no of fee-earners(excluding consultants, paralegals etc): 2,000

Total no of staff: 5,000

Leverage ratio: 1:3.92

Equity partner to staff ratio: 1:6.41

Fee-earner to staff ratio: 1:1

Financial management: A mixture of slow-paying clients and the installation of a multimillion-pound SAP system (resulting in clients not being billed for some months) resulted in longer WIP and delayed partner profit distributions during the first six months of the year. Despite these not insignificant hitches, Linklaters says that its financial management was back on track by year-end.

Equity structure: Ten-year lockstep. Bottom of equity starts on 10 points with each step worth 1.5 points, culminating in 25 points at plateau.

Billable hours targets: None

Key clients: BP, Lloyds TSB, Royal Bank of Scotland, Vodafone.