Turnover (£m): 9.8
RPL (£k): 218
With its heavy reliance on property, corporate and finance, Surrey-based Mundays could have been in line for a pummelling during the recession. But the firm has balanced these practices prudently with private client work, limiting the fallout. While its turnover dipped a fraction last year, down from £10m to £9.8m, it achieved a healthy profit margin of 31 per cent thanks to a significant reduction in overheads during the downturn.
Mundays’ private client practice comprises family law and private wealth. Its location in affluent, leafy Cobham means this line of work has remained buoyant and lucrative.
The firm also introduced a more democratic style of decision-making in 2009, with all 12 equity partners involved in monthly strategy meetings, casting their votes in key decisions for the firm.
Remuneration is merit-based, with a separate remuneration committee raising or reducing equity partners’ points based on performance each year.