Ward Hadaway – UK 100

Turnover: £17.4m

Profit per equity partner: £265,000

Equity spread: £265,000

Net profit: £3.1m

Profit margin: 18 per cent

Salaried partner remuneration: None

Revenue per lawyer: £164,000

Revenue per partner: £363,000

Revenue per equity partner: £1,450,000

Cost per lawyer: £135,000

Profit per lawyer: £29,000

No of partners: 48

No of equity partners: 12

No of female partners: Three

No of female equity partners: None

Total no of fee-earners (including consultants, paralegals etc): 165

Total no of fee-earners (excluding consultants, paralegals etc): 106

Total no of staff: 300

Leverage ratio: 1:4.83

Equity partner to staff ratio: 1:11.25

Fee-earner to staff ratio: 1:0.8

Financial management: Lockup target 150 days, achieved 242 (average WIP 110 days, average debtor days 132). Practice profile by revenue: corporate/finance 24 per cent, property 31, litigation 33, employment 7, private client 5. Average fixed capital contributions for equity partners is £120,000.

Equity structure: Lockstep, with all 12 equity partners at the top.

Billable hours targets: 1,250 partners.

Key clients: NHS Litigation Authority, Pensher Skytech.