Speechly Bircham – UK 100

Turnover: £25.1m

Profit per equity partner: £265,000

Equity spread: £160,000-£290,000

Net profit: £6.4m

Profit margin: 25 per cent

Salaried partner remuneration: £130,000 average

Revenue per lawyer: £239,000

Revenue per partner: £534,000

Revenue per equity partner: £1,046,000

Cost per lawyer: £178,000

Profit per lawyer: £61,000

No of partners: 47

No of equity partners: 24

No of female partners: Six

No of female equity partners: One

Total no of fee-earners (inc. consultants, paralegals etc): 125

Total no of fee-earners (excluding consultants, paralegals etc): 105

Total no of staff: 236

Leverage ratio: 1:2.42

Equity partner to staff ratio: 1:4.63

Fee earner to staff ratio: 1:0.89

Financial management: Thanks to the efficient conversion of WIP and collection of debtors, Speechly Bircham believes that funding per equity partner is 50 per cent of the average for comparable firms. The firm’s practice profile by revenue is corporate 28.6 per cent, litigation 27.6 including 7.5 per cent for employment, property 17.2, private client 26.6.

Equity structure: Modified lockstep.

Billable hours targets: Assistants 1,600, partners 1,300.

Key clients: Cable & Wireless, Credit Suisse Asset Management, Derwent Valley, GMAC, P&O Group, Royal Bank of Scotland, Sainsbury’s Supermarkets, The Game Group, Thomas Cook, Visa, Wharton Asset Management.