Slaughter and May – UK 100

Turnover: £248m

Profit per equity partner: £819,000

Equity spread: £465,000-£930,000

Net profit: £85.6m

Profit margin: 35 per cent

Salaried partner remuneration: £150,000-£350,000

Revenue per lawyer: £433,000

Revenue per partner: £1,922,000

Revenue per equity partner: £2,255,000

Cost per lawyer: £283,000

Profit per lawyer: £149,000

No of partners: 129

No of equity partners: 110

No of female partners: 19

No of female equity partners: 17

Total no of fee-earners(including consultants, paralegals etc): 751

Total no of fee-earners(excluding consultants, paralegals etc): 573

Total no of staff: 1,364

Leverage ratio: 1:4.04

Equity partner to staff ratio: 1:5.57

Fee-earner to staff ratio: 1:0.82

Financial management: Borrowings policy is 1:1 debt to equity.

Equity structure: Pure lockstep, aside from 19 overseas partners who are salaried with some equity points on top. There is no automatic progression from salaried to equity status. Ten-year lockstep with 2:1 equity spread, with 67 out of 110 partners at the top of lockstep.

Billable hours targets: None.

Key clients: Abbey National, British Airways, Corus, GlaxoSmithKline, Marks & Spencer, Standard Chartered Bank, Uniliver.