Shepherd & Wedderburn

The Lawyer UK 200

  • UK 200 Position: 67

  • Position: 65
    Firm: Shepherd & Wedderburn

    Turnover: £42.6m
    Profit per equity partner: £311K
    Earnings per partner: £201K
    Equity spread: £170K-£345K
    Net profit: £10.8m
    Profit margin: 25 per cent
    Revenue per fee-earner: £141K
    Revenue per lawyer: £195K
    Revenue per partner: £609K
    Revenue per equity partner: £1.22m
    Total number of fee-earners: 302
    Total number of qualified partners: 219
    Total number of partners: 70
    Total number of equity partners: 35
    Total number of female partners: 18
    Total number of female equity partners: 10
    Total number of staff: 505
    Leverage ratio (equity partners/fee-earners): 1:5.3

    2006-07: Construction/projects 1, planning/environment 1, property 1
    2005-06: Corporate 1, media/technology 1, tax 1
    2004-05: Real estate 1

    2006-07: 0
    2005-06: Corporate 2, TMT 1
    2004-05: Corporate 1

    Intake as percentage of partnership: 5.3
    New female partners as percentage of intake: 0
    Equity structure: 42 equity partners, 15 non-equity
    Practice area(s) most heavily promoted: Construction/special projects, planning/environment, property
    *Figures supplied relate to the calendar year

    After an equal spread between laterals and internal promotions into the partnership for 2005 06 and 2004-05, in 2006-07 laterals have been out of favour at Shepherd & Wedderburn with not a single outside hire. Real estate-related practice groups have made the most gains in internal promotions; conversely, corporate has seen three laterals compared with one internal during the three-year period. For the second year running the firm has failed to promote a woman to the partnership.