Turnover (£m): 12.9
RPL (£k): 204

In the third full financial year since the merger of FBC Solicitors and Manby Steward Bowdler, West Midlands firm FBC Manby Bowdler posted a turnover of £12.9m and a net profit of £3.3m. This is an improvement on the ­previous year’s figures, with a post-merger ­restructuring that saw a number of job losses in the conveyancing team finally having an ­impact on the bottom line.

The firm, which has offices in Bridgnorth, Shrewsbury, Telford Willenhall and ­Wolverhampton, is run out of the former ­location by managing partner Kim Carr. Her management team includes the heads of HR, IT, marketing and finance, as well as the legal department heads.

Partners are remunerated according to a modified lockstep that sees them enter the ­equity on six points and gain one point per year to a maximum of 12. Positions can be halted or accelerated, but not reversed.

Those at the bottom of equity have £22,500 invested in the firm, while plateau partners’ capital contributions are £45,000.