Sentences with phrase «grow profits per partner»

As competition increases, law firms are trying to maintain and grow profits per partner with smaller partnerships.

Not exact matches

Its gross revenue has grown 57 percent since fiscal 2013, while its head count increased 28 percent and its profits per partner rose 43 percent.

Gross revenues grew less than 2 % to about $ 860m (# 610.7 m), while revenue per lawyer stayed level at $ 1.03 m (# 731,000), and profits per partner declined 3.7 % to $ 1.834 m (# 1.32 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.

Profitability has also grown by 2 %, according to the results of the 16 firms that have given profit per equity partner (PEP) figures.

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

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

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

According to a report by the Georgetown Law Center for the Study of the Legal Profession, U.S. law firms saw revenue and profits per equity partner grow at staggering rates of 37.5 percent and 25.6 percent respectively.

As one of the fastest growing areas and increasingly lucrative areas of legal practice, it explains why some of the world's most profitable firms — Kirkland and Ellis (annual profits per partner $ 4.1 m), Quinn Emanuel ($ 5m), and Slaughter and May ($ 3.6 m)-- are now taking a slice of the available pie.

Overall profits per partner were up by 3.1 % but the growth was not evenly distributed, with mid-sized firms actually experiencing a decline of 0.4 % reflecting growing market segmentation

Profit per equity partner (PEP) also increased by 8.5 % to $ 2.36 m (# 1.53 m), while revenue per lawyer (RPL) grew 8 % to $ 1.145 m (# 742,000).

Olswang and pre-merger Berrymans Lace Mawer have each grown their revenues for 2013 - 14, with profits per equity partner (PEP) at the former expected to dip by nearly 4 %.

But because net income grew — and because all the head count growth came in the associate ranks — profits per partner continued to rise.

K&L Gates saw its gross revenue rise less than 1 percent and its profits per partner fall 4.3 percent in 2011 amid what chairman Peter Kalis described as a year when expenses grew at a faster rate than revenue, according to sibling publication The Legal Intelligencer.

Boston - based Goodwin Procter saw its gross revenues grow 2.5 percent to $ 695.5 million last year, but a net loss of 13 equity partners helped push profits per partner up 3.4 percent to $ 1.5 million, according to The American Lawyer's reporting.

Regional partners also enjoyed higher profits — more than 70 % of those who grew profit per equity partner (PEP) reported an increase of more than 10 %, compared to less than 40 % of City firms.

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.

The Results or Résumés paper draws upon two pieces of market data to demonstrate that a large proportion of large corporate law firms have to re-evaluate their business models: (1) stunning uniformity of associate entry level salaries amidst large, growing disparities in profits per partner; and (2) evidence that firms are becoming stratified by premium versus non-premium practice areas.