Profits per equity partner posted a 1 percent overall increase.
Not exact matches
Watson Farley & Williams and Holman Fenwick Willian have
posted rising
profit per equity partner (PEP) figures for 2016 - 17, while insurance rival Kennedys has seen PEP dip after a sustained period of international expansion.
Amid mixed results from top 50 rivals, RPC was a standout performer,
posting a 7.5 % increase in
profits per equity partner (PEP) and a 21.8 % hike in turnover, pushing it up seven places in the rankings to 42nd place.
Linklaters has become the first magic circle firm to announce its 2016 - 17 results,
posting a 7.8 % hike in
profits per equity partner (PEP) alongside a revenue rise of almost 10 %.
It also
posted a healthy increase in
profits per equity partner (PEP) of 7.6 % to # 1.398 m, widening the gap between arch-rival Linklaters, which managed a 5.9 % increase in PEP to # 1.313 m.
DLA Piper has
posted a double digit increase in net
profit to a record high of $ 667m (# 404m), while average
profits per equity partner rose 12.5 % to $ 1.49 m (# 903,000), also a record high.
Dundas & Wilson has announced its 2010 - 11 financial results,
posting revenues of # 62m against
profits per equity partner (PEP) of # 325,000.
Allen & Overy (A&O) has
posted double - digit growth across all key metrics after a standout year in which revenue and
profit per equity partner (PEP) rose to record levels.
Even opponents to using
profit per equity partner (PEP) as a measure of law firm success would struggle to contend that a firm
posting a 19 % year - on - year fall in
profit was in anything other than a challenging position.
In this
post, the term «profitability» of a matter or other sub-unit generally refers to
profit per equity partner of the matter or sub-unit.
RPC has
posted a 12.4 % drop in
profit per equity partner (PEP) for 2016 - 17 after a year in which the firm expanded its all -
equity partnership and invested in new business lines.
Reed Smith has
posted a 7 % rise in global revenue for 2014, while average
profits per equity partner (PEP) have increased by 6 %.
Cooley sees revenue climb 19 % as Mayer Brown
posts 7 % rise to $ 1.2 bn, with
profit per equity partner increasing 13 % to $ 1.44 m
Herbert Smith Freehills (HSF) has
posted an 8 % rise in
profit per equity partner (PEP) in 2014 - 15 as its revenue also increased.
LG has
posted a 26 % drop in
profits per equity partner (PEP) for 2011 - 12, with revenue also fallng for a second consecutive year.
Lawrence Graham has
posted a 7 % fall in revenue for the 2012 - 13 financial year, while
profits per equity partner (PEP) dropped 14 %.
The firm
posted a 2.2 % increase fee income to reach # 94m for the 2010 - 11 financial year, while
profits per equity partner (PEP) rose 7 % to # 510,000.
DAC Beachcroft has
posted rising turnover and profitability for the 2016 - 17 financial year, with
profit per equity partner (PEP) rising to a new record high.
Macfarlanes has
posted a 16.7 % fall in
profit per equity partner (PEP) in the last financial year as net
profit for the firm fell 8.9 %.
Nabarro, which expects
profits per equity partner (PEP) rise 10.5 % to # 475,000,
posted broadly flat turnover, up 0.3 % from 2012 - 13 to # 116.7 m.
Specialist litigation firm Stewarts Law has
posted a 30 % jump in average
profit per equity partner (PEP) to # 2m for the 2016 - 17 year.
A year after
posting declines in both revenue and
profits, Baker & McKenzie more than regained lost ground this past financial year, reporting an 8 % increase in firm revenues and a 13 % surge in
profits per equity partner.
Berrymans Lace Mawer has
posted a 4 % increase in revenue for 2012 - 13 while seeing
profits per equity partner (PEP) dip by 13 %.
Simmons & Simmons has
posted a 10 % drop in
profit per equity partner (PEP) for the 2015 - 16 financial year to # 585,000, as the firms costs rose «significantly».
Tarbert is leaving A&O after a strong 2016 - 17 for the magic circle firm, which this July
posted a 26 % increase in
profit per equity partner to # 1.51 m, while revenue rose 16 % to # 1.52 bn.
Ashurst has
posted falling revenue and
profit per equity partner (PEP) for the second year running, with PEP falling to an 11 - year low.
Wells Fargo's Jeffrey Grossman continues: «In past years, the high -
profit firms — which the bank identifies as firms
posting $ 2 million in
profit per equity partner or higher — have mostly bucked the wider trend of falling hours that has plagued their less - profitable peers.
In its financial year to the end of April 2017, Fieldfisher
posted a 34
per cent increase in turnover to # 165m and an increase in
profit per equity partner of 16
per cent.
Burges Salmon has
posted improved figures for both revenue and
profits per equity partner (PEP) for the 2012 - 13 financial year, with increases of 4 % and 1 % respectively.