Sentences with phrase «average profit per partner»

Those competitors are at the threshold, and they don't care about billable hour targets or average profit per partner.

While the top - tier firms prospered, the annual American Lawyer list found that three - quarters of the 100 firms expanded at a slower growth rate, with average profit per partner inching up just 0.2 percent, to $ 1.47 million.

But even so, average profits per partner at the top 10 were # 872,000, almost twice the average profits of # 444,000 at the 11th - to 25th - ranked firms.

Average profits per partner soared to $ 2.48 million from $ 2.32 million.

Average profits per partner, meanwhile, rose almost 8 percent to $ 1.225 million — just $ 70,000 below the peak profit figure the firm achieved in 2008.

As a result, the firm's average profits per partner were essentially flat at $ 2.08 million.

Average profits per partner increased 7.2 percent to a record $ 2.47 million.

Not exact matches

Data from Legal Week «s UK Top 50 and The American Lawyer «s Global 100 rankings shows that the 10 largest UK firms by revenue have increased profit per equity partner (PEP) by an average of 15.7 % during the last five years, compared with 24.7 % across the 10 largest US firms.

Burges Salmon has announced that it hit record revenue and average profit per equity partner (PEP) levels in the last financial year.

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.

But because of growth in head count and a drop in demand, particularly in the corporate and finance sectors, profits per partner (PPP) fell by 4.3 percent, to an average of $ 1.26 million, and revenue per lawyer (RPL) dropped 1.2 percent, to $ 818,000.

Yes, they averaged a 21 percent drop in profits per partner.

The firm saw revenue climb 2.3 % to # 1.31 bn from last year's figure of # 1.28 bn, while average profit per equity partner (PEP) remained stable at # 1.21 m.

The 2018 Am Law 100, which looks at numbers from 2017, reports that gross revenue grew 5.5 percent on average, net income increased by 6.1 percent, profit per equity partner grew by 6.3 percent, revenue per lawyer moved up 3.2 percent, and headcount rose 2.2 percent.

And average profits per equity partner rose 4.9 %, to nearly $ 1.6 m (# 1.2 m).

Stephenson Harwood's average profit per equity partner (PEP) fell 8.5 % to # 708,000 in 2016 - 17, with the dip coming against an 11 % rise in revenue to # 176m.

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.

While revenue dipped, average profit per equity partner (PEP) grew by 4 % during the same period, to # 683,000 from # 659,000.

They essentially have significantly higher profits per equity partner figures than the UK average.

The article explains that a firm generating $ 1 million in profits per partner likely has a book of business average of at least $ 2.5 million.

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.

Macfarlanes this week (24 June) reported that, while turnover jumped by 4.5 % to a new high of # 110m, its profits remained almost static, falling slightly from average profits per equity partner (PEP) of # 1.125 m last year to # 1.1 m.

Dickinson Dees saw average profits per equity partner (PEP) drop by more than 10 % during 2007 - 08, the firm's limited liability partnership (LLP) accounts have revealed.

Meanwhile, average profits per equity partner dropped slightly by 1 % to # 300,000, down from # 303,000 in 2006 - 07.

Average profits per equity partner (PEP) have also steadily crept back to levels approaching 2007 - 08 ′ s record high of # 616,000.

Average profits per equity partner (PEP) at the northeast firm hit # 366,000, a 14 % rise on last year's mark of # 321,000.

If you follow the legal media, one of the biggest stories so far this year was when the major law firm, Dentons, announced it was no longer reporting average profits per equity partner, saying that it was a meaningless statistic for a firm that operates in so many global jurisdictions.

Magic Circle law firm Clifford Chance LLP LLP saw average profits per equity partner drop 37 % to # 733,000 ($ 1.2 million) in the...

And 10 firms, nine of them in New York, boasted more than $ 2 million average «profits per partner.»

Reed Smith has posted a 7 % rise in global revenue for 2014, while average profits per equity partner (PEP) have increased by 6 %.

Despite this continued drop in income, average profits per equity partner (PEP) rose slightly in 2010, climbing to $ 2.4 m (# 1.5 m).

Profits rose on average by 8 %, and median profit per equity partner rose # 20,000 on last year's report to # 107,000.

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.

In the year to 30 April, Gowling WLG's UK arm saw revenues increase by 2 % to # 184.7 m. Average profit per equity partner has also risen by 2 %, to # 379,000.

But that average gain of 1.2 %, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms» results.

Specialist litigation firm Stewarts Law has posted a 30 % jump in average profit per equity partner (PEP) to # 2m for the 2016 - 17 year.

Average profits per equity partner at Maclays now stands at # 315,000 - a 15 % increase on the # 275,000 recorded last year, when the firm released its full annual results for the first time.

Maclays also demonstrated further growth in its 2006 - 07 results with average profits per equity partner breaking the # 300k barrier, rising by 15 % from # 275,000 last year to # 315,000 this year, while Brodies announced a turnover rise of 43 % to # 30m and gross profits up 33 % to # 11.6 m.

The top line rose by 61 per cent in 2017 from # 44.8 m to # 71.9 m (or $ 92.6 m), while the litigation boutique is one of the most profitable firms in the world, with average partner profits well in excess of $ 5m.

In 2010, Cravath and Sullivan broke the $ 3 million profits per partner mark, according to our reporting, with Wachtell partners clearing an average of $ 4.3 million, according to the final results of that year's survey.

Insurance and shipping firms have once again outpaced the UK top 50, with the firms seeing both revenues and profits per equity partner (PEP) increase by an average of 10.3 %.

Clyde & Co, Holman Fenwick Willan, Kennedys, Watson Farley & Williams, Ince & Co and Berrymans Lace Mawer all saw profits per equity partner (PEP) fall by between 2 % and 15 % during 2011 - 12, against an average increase in turnover of 12.6 %.

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.

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

And — unlike the average law firm — they're more likely to view their own business in terms of earnings - per - share than profit - per -(law)- partner.

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.

In 2008, though firm lawyers logged thousands of hours in hectic bail - out related work, especially in the last quarter, the firm's revenue was flat and average profits per equity partner fell 17 percent.

Profit is distributed to equity partners (EP) in proportion with their share of the equity points (Points), giving rise to an average profit per point, PPEP (if the denominator is the number of EPs, rather than points on issue, then PPEP refers to the average profit peProfit is distributed to equity partners (EP) in proportion with their share of the equity points (Points), giving rise to an average profit per point, PPEP (if the denominator is the number of EPs, rather than points on issue, then PPEP refers to the average profit peprofit per point, PPEP (if the denominator is the number of EPs, rather than points on issue, then PPEP refers to the average profit peprofit per EP).