Sentences with phrase «as profit per equity partner»

In this period the firm's revenue and profits have jumped by 40 %, with the journey capped last summer as profit per equity partner surpassed the # 1 million mark for the first time.

Linklaters grew its revenue to # 1.31 bn in the last financial year as profit per equity partner (PEP) rose to # 1.45 m.

Not exact matches

After what the firm described as a «solid» 2016, Reed Smith held profits per equity partner (PEP) and revenue per lawyer (RPL) steady amid declines in headcount and overall revenue.

White & Case and King & Spalding have both reported a rise in profit per equity partner (PEP) as K&L Gates reported a slight dip.

Bond Dickinson's average profit per equity partner (PEP) has dropped 4 % from # 275,000 to # 265,000, as turnover remained flat at # 104m for 2016 - 17.

Profits per equity partner grow by 5.4 % as equity partner numbers shrink by double digits

Yet law firms persist in using another type of PEP (profits per equity partner) as a measure of success.

Braithwaite has overseen a solid period of growth during his ten - year tenure as managing partner with the firm recording a 14 % rise in average profits per equity partner last year to hit # 366,000, with the firm's fee income standing at # 56m.

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.

As explained by David Maister in his seminal book (Managing the Professional Service Firm, Free Press Paperbacks, 1993), «it is only by understanding the profit per partner of different practices, services (and even engagements) that the firm can manage its «equity investments» (partner time) wisely.»

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.

Braithwaite has overseen a solid period of growth during his tenure as managing partner with the firm recording a 14 % rise in average profits per equity partner last year to hit # 366,000, with the firm's fee income standing at # 56m.

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 %.

Eversheds has announced a 6.5 % rise in revenue in the 2015 - 16 financial year as the firm's profit per equity partner (PEP) remained broadly static.

Profits per equity partner (PPEP) goes up, partner headcount goes down, median partner income falls, the ratio of partners making as much as PPEP falls.

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».

Dentons has opted to stop reporting average profits per equity partner, citing the metric as «meaningless» for a global firm, and claiming it could be potentially damaging to client relations.

As a result of the shrinkage, the firm's revenue - per - lawyer jumped 15 percent, to $ 1.2 million, while profits per equity partner increased 11 percent, to $ 1.35 million.

2010 average profits per equity partner should have been $ 980,000, not $ 1,605,000 as reported by the firm last year.

The importance of leading the local market on trainee and junior lawyer salaries will have to be balanced with the fact that Burges Salmon has been feeling a bit more pressure of late amid a small decline in revenue from # 87.4 million to # 87 million and a 16 % drop in profit per equity partner from # 523,000 to # 438,000 in what managing partner Peter Morris has described as a «challenging» financial year.

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.

I recently had a discussion (OK an argument) over which was the better benchmark for firms to manage by, profits per equity partner versus net income as a percentage of revenue.

As for Winston's overall finances, the firm's gross revenue grew 5.2 percent to $ 754 million last year, while average profits per equity partner jumped 4 percent to $ 1.44 million.

Small law firms saw profits per equity partner fall 24 % as the recession hit, according to the Law Society Law Management Section's annual profitability survey.

Charles Russell Speechlys has reported a 23 % jump in profit per equity partner (PEP) in its first full financial year results following the merger of legacy firms Charles Russell and Speechly Bircham, as Trowers & Hamlins reported flat net profit.

Here, management figures at some of the UK's top law firms discuss the key trends from 2015 - 16, including consolidation, job cuts, artificial intelligence and profit per equity partner (PEP)-- as well as the most pressing challenges for the year ahead.

Weightmans has boosted profit per equity partner (PEP) by 18.5 % as revenues hold steady, following a financial year that saw failed merger talks with Newcastle - based Ward Hadaway.