The firm saw its gross revenue drop 3.5 percent to $ 422.5 million last year, while profits per
equity partner rose 5.2 percent to $ 705,000, according to reporting by The American Lawyer.
The happy internal mood corresponds with robust recent financial performance; profit per
equity partner rose by 14 % to # 625,000 this year and overall revenue went up 11 % to # 423 million.
Cleary: According to reporting by The American Lawyer, the firm's gross revenue surged to $ 1.125 billion from $ 1.05 billion, while profits per
equity partner rose to $ 2.7 million from $ 2.6 million last year.
But revenue per lawyer dropped by 1.64 percent, from $ 1,034,287 to $ 1,017,372, while profits per
equity partner rose by 1.8 percent, from $ 2,273,802 to $ 2,314,723.
Profits rose on average by 8 %, and median profit per
equity partner rose # 20,000 on last year's report to # 107,000.
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.
And average profits per
equity partner rose 4.9 %, to nearly $ 1.6 m (# 1.2 m).
But a successful consolidation has seen turnover tick up towards # 50 million and profit per
equity partner rise by to over half a million pounds.
Not exact matches
Among the awardees are
partners who have
risen through the ranks at highly reputable organizations, founders who have started their own growth
equity firms, and up and comers who have demonstrated a mastery in growth investment deal making.
AGR
Partners Will Provide Growth Capital and Minority
Equity to
Rising Wine Company April 12, 2018 (Santa Rosa, CA).
Nonprofit / Organization Leaders Amanda Fernandez, Latinos for Education Anne Eidelman, Blue Engine Carmita Semaan, Surge Institute Elisa Villanueva Beard, Teach For America Frances McLaughlin, formerly of Education Pioneers Ify Offor Walker, Offor Walker Group Jean Desravines, New Leaders Jonathan Klein, GO Public Schools Jonathan Schorr, independent consultant Justin Cohen, writer Layla Avila, Education Leaders of Color Marilyn Rhames, writer Melinda Spooner, Achievement Network Sid Smith, Discourse Analytics Thaly Germain,
Equity Partners Veronica Palmer,
RISE Colorado
Profit per
equity partner (PEP)
rose by 63.8 % at legacy Lawrence Graham in the firm's 2013 - 14 financial results, prior to the merger with Wragges & Co which went live on 1 May this year.
Profits per
equity partner (PEP)
rose 7.1 % to $ 4.38 m (# 3.53 m), while revenue per lawyer
rose 13.4 % to $ 1.27 m (# 1.02 m).
White & Case and King & Spalding have both reported a
rise in profit per
equity partner (PEP) as K&L Gates reported a slight dip.
Profit per
equity partner tops # 760,000 on back of 8 %
rise in UK turnover following strong 12 - month performance at City firm
White & Case reported a 7 %
rise in profit per
equity partner (PEP) in 2014 to $ 2m (# 1.3 m), up from $ 1.87 m (# 1.14 m) in 2013.
Profit per
equity partner (PEP)
rose by 63.8 % at legacy Lawrence Graham in the firm's 2013 - 14 financial year, prior to the merger with Wragge & Co which went live on 1 May this year.
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.
Talibart, who is qualified in both Canada and the UK, is joining Seyfarth as an
equity partner from Norton
Rose LLP where he has most recently been the head of the global employment law practice.
Kirkland & Ellis had a 2016 to remember, with revenue
rising 15 % to $ 2.65 bn (# 2.12 bn) and profit per
equity partner (PEP) passing the $ 4m mark.
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 reached turnover of # 1.303 bn for 2011 - 12, and saw profit per
equity partner (PEP)
rise 7 % to # 1.078 m.
Herbert Smith Freehills (HSF) has announced a 2.5 % drop in profit per
equity partner (PEP) for 2016 - 17, alongside a 10.6 %
rise in revenue.
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.
Equity partner profits saw a very modest bump, with PEP
rising to $ 2.55 m (# 2.03 m) from $ 2.51 m (# 1.99 m) in 2015.
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.
Revenue jumped almost 9 % in 2016 to $ 1.27 bn (# 1.03 bn), and profit per
equity partner (PEP)
rose more than 22 % to $ 3.1 m (# 2.5 m).
Turnover at Hogan Lovells International, which encompasses all of the firm's operations outside of the US,
rose 8 % last year, while profit per
equity partner (PEP) jumped 25 %, the firm's limited liability partnership accounts have shown.
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.
The firm's accounts for the year to 30 April 2016 show non-US turnover
rising from # 591m in 2014 - 15 to # 638m, with PEP up from # 698,000 to # 879,000 as the average number of
equity partners fell from 210 to 205.
Linklaters grew its revenue to # 1.31 bn in the last financial year as profit per
equity partner (PEP)
rose to # 1.45 m.
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.
The UK Law Firm of the Year award, sponsored by Lamb & Brandformula, went to Shoosmiths after a hugely successful 2014 - 15 financial year in which the firm recorded an impressive 44 % hike in profits per
equity partner alongside a solid revenue
rise of 10 %.
Average profits per
equity partner (PEP) at the northeast firm hit # 366,000, a 14 %
rise on last year's mark of # 321,000.
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
Despite this continued drop in income, average profits per
equity partner (PEP)
rose slightly in 2010, climbing to $ 2.4 m (# 1.5 m).
Herbert Smith Freehills (HSF) has posted an 8 %
rise in profit per
equity partner (PEP) in 2014 - 15 as its revenue also increased.
Since October 2014, the percentage of female associated
partners at the firm has
risen by 7 % to 26 % and the share of female
equity partners by 1 % to 9 %.
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.
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.
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.
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.
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.
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.
Watson Farley & Williams has strengthened its London office with the addition of two
partners from US law firms, in the wake of a strong 2016 - 17 for the firm which is expected to result in profit per
equity partner (PEP)
rising by at least 25 %.
In the end, with the departures and retirement,
equity partner head count
rose by just five people.