Penningtons – UK 100

Turnover: £23.5m

Profit per equity partner: £135,000

Equity spread: £95,000-£167,000

Net profit: £6.5m

Profit margin: 28 per cent

Salaried partner remuneration: No salaried partners.

Revenue per lawyer: £157,000

Revenue per partner: £385,000

Revenue per equity partner: £653,000

Cost per lawyer: £113,000

Profit per lawyer: £43,000

No of partners: 61

No of equity partners: 36

No of female partners: 12

No of female equity partners: Five

Total no of fee-earners (including consultants, paralegals etc): 200

Total no of fee-earners (excluding consultants, paralegals etc): 150

Total no of staff: 381

Leverage ratio: 1:2.47

Equity partner to staff ratio: 1:5.03

Fee-earner to staff ratio: 1:0.91

Financial management: Partners’ capital contributions £100,000.

Equity structure: First section parity, second section merit-based; on top of that, equal division between parity and merit-based.

Billable hours targets: 1,320 average.

Key clients: Allied Irish Bank, Aviva, Bank of India.