Profit per equity partner: £415,000
Equity spread: £225,000-£650,000
Net profit: £18.7m
Profit margin: 42 per cent
Salaried partner remuneration: £100,000-£150,000
Revenue per lawyer: £288,000
Revenue per partner: £865,000
Revenue per equity partner: £1,023,000
Cost per lawyer: £169,000
Profit per lawyer: £120,000
No of partners: 52
No of equity partners: 44
No of female partners: Seven
No of female equity partners: Six
Total no of fee-earners (including consultants, paralegals etc): 198
Total no of fee-earners (excluding consultants, paralegals etc): 156
Total no of staff: 340
Leverage ratio: 1:2.36
Equity partner to staff ratio: 1:3.23
Fee-earner to staff ratio: 1:0.72
Financial mangement: Average capital contributions are up to £150,000. Average 80 per cent recovery rate on billings and no debt. Firm made no adjustment for FRS5, but if it had, it estimates that profits would have risen by £2m.
Equity structure: Modified lockstep with 10-year ladder and two to one spread plus 5 per cent merit element. Last year there were 17 partners at the top of the lockstep pre-bonus pool.
Billable hours targets: None.
Key clients: Apax, Cazenove, 3I, NTL and Numis.