Morgan Lewis – UK 100

UK/global turnover: £9.5m/£385m

UK/global PEP: £640,000/£503,000

UK/global revenue per lawyer: £365,000/£362,000

UK revenue per partner/equity partner: £1m/£1.9m

Global revenue per equity partner: £1.9m

UK/global number of partners: 5(9)/204

UK/global number of lawyers: 26/1,063

UK number of staff: 16 plus six from an outsourcing company.

UK/global leverage ratio: 1:4.2/1:4.2

UK equity partner to staff ratio: 1:3.2

Equity structure: Modified lockstep. Movement up first four steps in most cases is automatic.

Billable hours targets: Associates 1,975, partners 1,850.

Billing currency: Majority sterling with small amount dollar and euro, depending on the client.

Cost of living details: No US secondees in 2003. Allowance is calculated on an individual basis, but an average lump sum paid over 12 months is $28,000 (£17,000).

UK-based lawyer remuneration: Compensation for all partners is calculated in dollars, but they are protected against adverse currency fluctuations. Partners decide at beginning of the fiscal year to be paid in dollars or sterling. Associates are paid in sterling.