Sentences with phrase «lowest profits per partner»
His extended note begins, «A possible explanation for the lower profits per partner in the U.K. is that clients in the U.K. are more sophisticated, demanding, less willing to pay high rates, and more insistent on budgets... If U.K. companies spend less proportionally on legal fees, there's less money to go round...»
http://legalblogwatch.typepad.com/
Now, brace yourself for Henderson's highly counterintuitive findings: In his opinion, firms that have switched to two - tier structures that allow so - called «nonequity» partnerships are actually producing lower profits per partner (PPP) and have lower prestige.
Not exact matches
Using the profit per partner metric allows comparing the relative contribution to the firm's profits per equity partner of, for example, a low - margin practice area having high associate leverage and a high - margin, partner - intensive practice area.
Ever since large law firm salaries for new associates jumped to $ 160,000 back in January, we've heard commentary from a variety of constituencies, ranging from (see this post) law firm recruiters, warning that increased billables will place more pressure on associates, to lawyers, arguing that increased salaries demand concommitant salary raises for the judiciary, to (see this post) law firm economists, suggesting that associate salaries are proportionately lower than ever when viewed in the context of their relationship to profits per partner, to law firm marketers who view increased rates as opening opportunities for less expensive, midsized firms.
The UK's leading law firms have struggled to match significant hikes in revenue with similar profitability increases during the past five years, with Legal Week research showing that 30 % of the UK top 50 have lower profits per equity partner (PEP) now than they did in 2011 - 12.
Ashurst has posted falling revenue and profit per equity partner (PEP) for the second year running, with PEP falling to an 11 - year low.
Professional services firms are struggling with a high volume of write - offs, historically low realization rates, and delayed collections — all of which negatively impact working capital and profits per partner.