Pannone & Partners – UK 100

Turnover: £29.5m

Profit per equity partner: £222,000

Equity spread: £128,000-£373,000

Net profit: £10m

Profit margin: 34 per cent

Salaried partner remuneration: £60,000

Revenue per lawyer: £208,000

Revenue per partner: £399,000

Revenue per equity partner: £670,000

Cost per lawyer: £137,000

Profit per lawyer: £70,000

No of partners: 74

No of equity partners: 44

No of female partners: 25

No of female equity partners: 13

Total no of fee-earners (including consultants, paralegals etc): 250

Total no of fee-earners (excluding consultants, paralegals etc): 142

Total no of staff: 478

Leverage ratio: 1:0.57

Equity partner to staff ratio: 1:5.18

Fee-earner to staff ratio: 1:0.91

Financial management: Lockup target 240, achieved 266 (average WIP 222 days, average debtor days 44). Partners’ capital contributions £136,000.

Equity structure: Lockstep with six steps; 25 partners at the top of equity.

Billable hours targets: 1,400 assistants and partners.

Key clients: Bank of England, Cotton Traders, Kellogg’s, L’Oréal, Sharp Electronics, Texaco.