Withers – UK 100

Turnover: £52.4m

Profit per equity partner: £280,000

Equity spread: £115,000-£475,000

Net profit: £12.9m

Profit margin: 25 per cent

Salaried partner remuneration: £115,000-£165,000

Revenue per lawyer: £282,000

Revenue per partner: £647,000

Revenue per equity partner: £1,139,000

Cost per lawyer: £212,000

Profit per lawyer: £69,000

No of partners: 81

No of equity partners: 46

No of female partners: 22

No of female equity partners: 12

Total no of fee-earners (including consultants, paralegals etc): 222

Total no of fee-earners (excluding consultants, paralegals etc): 186

Total no of staff: 451

Leverage ratio: 1:2.28

Equity partner to staff ratio: 1:4.98

Fee-earner to staff ratio: 1:1.03

Financial management: Lockup target 136 days, achieved 147, (average WIP 32 days, average debtor days 115). Average partners’ capital contributions are £95,700.

Equity structure: Modified lockstep. Eight categories of equity partner and four branches of profit-share calculation.

Billable hours targets: 1,400 assistants, 1,300 partners.

Key clients: Ashcombe Estate, Barclays, Daliah, Donna and Ramon Sherrington, Rocco Forte Hotels.