Those proposals should guarantee country by country reporting transparency to show how
much profit firms are making and tax they're paying.
Not exact matches
Unless you can sign up a hot college draft pick or persuade John Grisham to switch agents, it may be years before your literary agency or sports management
firm can generate enough revenue to cover the cost of recruiting and servicing your clients —
much less make a
profit.
And when you have the largest
firms generating so
much of their
profits from other activities, it is really hard to put the client first.
Moreover, they would receive up to 20 % of investment
profits (i.e., carried interest),
much like a traditional VC
firm.
«The conclusion about a company's value will be based on an analysis of all kinds of information, such as the historical
profit - and - loss picture, other financial records, the customer base, internal controls, key employees, competitive details, and
much more,» says Catherine Bienert, CEO of Bottom Line Management, an Atlanta business - brokerage and business - appraisal
firm.
What I am interested in is acquiring as
much ownership as I can in a broad collection of wonderful businesses;
firms that reward me, my husband, and our family with our share of the sales and
profits from the underlying productive enterprise.
Most big finance
firms are public companies these days and have shareholders to answer to, but seem to share
much greater portion of its
profits with their employees.
Earnings season is about to get underway, too, which is more than likely going to show a fourth straight quarterly decline in
profits — and if
firms aren't seeing bottom line leverage, they may be slow to dole out new positions, or
much in the way of payroll hikes.
A
firm that has high gross
profit margins from a sustainable business from a core product like bleach, laundry detergent, or chocolate, to provide an illustration, is going to be
much harder to put out of business when the economy turns down than one that has razor - thin margins.
But larger investment
firms are
profiting much more than smaller
firms and that's driving the growth of digital - based investment advice to new heights.
The topics included; How do
firms grow Why do
firms grow all types of costs economies and diseconomies of scale all types of efficiency Revenue and
profit other motives for
firms Strategies to gain market share barriers to entry barriers to exit Theory of the
firm types of markets comparisons between markets collusions game theory price discrimination contestable markets government intervention deregulation And
much more!
In my own report about charter operations in North Carolina, I find these schools regularly mask how their charitable dollars are spent and how
much they
profit from related real estate deals and education management
firms.
ROE shows how
much profit a company generates on the money shareholders have invested in the
firm.
It would be wise to focus on
firms which consistently
profit from house - building itself (& development), not just land - bank speculation — and they're a
much rarer breed.
I sold Nucor in late 2003, over the rise in scrap steel prices; even though Nucor can raise its own prices, its
profits will not increase as
much as other steel
firms.
Despite a pukka Wall Street brand - backed by average partner
profits currently in the $ 1.9 m (# 1.22 m) region - for the last decade the
firm has been content to haul in a strong but unflashy UK partner hire as pretty
much a once - a-year event.
Of course, especially if you accidentally send the whole
firm an email touting rising partner
profits after instituting salary freezes, or outsource too
much work to your virtual assistant.
Freshfields Bruckhaus Deringer lawyers each generated more than twice as
much profit for the
firm as their counterparts at 38 of the UK's 50 largest law
firms, and more than 10 times the average
profit per lawyer of the seven
firms at the bottom of the ranking.
Still, with global
firms bringing in billions in revenue and
profits per partner at the top 10
firms all well over $ 2 million, it is hard to offer them
much sympathy for having had to weather the downturn.
Typically, when a
firm has a good year and
profits increase, underperformers might wind up getting paid
much more than they're worth.
Brickman acknowledges that defense
firms once added a
profit margin on these expenses, but he says that clients and competition «drove out
much of the
profit.»
Is that baked into the way you conceive of your
firm that you're going to be doing civic stuff as well as for -
profit stuff, and how do you decide how
much of each to do and all that stuff?
Cobbetts has posted a marginal turnover rise for 2010 - 11 alongside a slight dip in
profits, after
much of the
firm's staff returned to full - time work following 12 months on reduced hours.
Sure, mandatory retirement invokes all kinds of meaty questions, such as: How
much respect and dignity do older lawyers deserve, particularly when or if such deference adversely impacts law
firm profits or interferes with the advancement of a younger crop of attorneys, eager for their turn to take the reigns?
As long as the system requires so
much time to be spent on the stages, experts, etc., then there is no possible way that a Walmart - owned
firm could make money without charging more than enough to cover the costs of that protracted system and make a
profit — a
profit that would have to cover not only all the expenses of running the law department and paying the lawyers in it, but also producing a return on investment to the shareholders of Walmart for their foray into legal services.
Bruce MacEwen's readers have been mulling his question about why partner
profits at large U.K.
firms are
much lower than at large U.S. law
firms.
Because
firms remain uncertain about how
much profit they will have to divide up at the end of the year, they've cut the payouts that partners can take home during the year.
If LPI helps a
firm identify those pieces of a matter that are routine and reduce the cost of delivering those pieces, then
profits are no longer squeezed on those routine pieces, or not as
much.
[13] Chief Justice James Allsop of the Federal Court of Australia summarised the ethical issues which arise as a result of the conflict the billable hours system creates between the economic pressure on a
firm to maximise its
profit and the ethical pressure on lawyers to work in their client's best interest: «Only a very slight change of focus needs to be made by a lawyer to change from (a) expecting a profitable return from running as well and efficiently as possible a large case in court, to (b) planning how to make as
much money as possible from running the same large case in court.»
Billable hours gave legal professionals the flexibility to spend as
much time as needed on a case or a contract without worrying about their
firm's
profit.
The most salient differences are that network members — unlike their
firm counterparts — lack singular, unified brands, funding to compete with brand development, an economic incentive to retain as
much work as possible within the
firm, and a partnership structure where
profit - per - partner (PPP) trumps all.
While different to Australian
firms, this strategy still reflects a push eke out as
much as possible from Maister's
profit levers;
firms are increasing revenue per partner via increasing L to drive profitability.
It seems there are many
firms that have done as
much as than can to manage / reduce fixed costs and are now resorting to de-equitising to maintain
profit levels for key partners.
How do I handle requests for such references?Thank you so
much for your help!CherylCHERYL M. EARLE3407 Old Dobbin Road, Montgomery, Alabama 36116 - 1903Home Phone: 334-215-3706 Cell Phone: 334-233-2631 Fax: 334-273-0477 E-mail:
[email protected] position managing legal discovery and document review with opportunity to assist attorneys with civil litigationBAR ADMISSIONAlabama State Bar, 1999LAW - RELATED EXPERIENCELaw
Firm, AlabamaResearch Attorney for Special Projects, Mass Torts Department, November 2001 — February 2008 • Managed Multi-District Litigation (MDL) Document Depository (September 2002 to February 2008) o Reviewed more than 1 million pages of evidentiary documents for litigation purposes and for inclusion in electronic databaseso Coordinated document review assignments with attorneys at local depository and at other sites across the USo Retrieved, reviewed and coded documents in Concordance and Summation legal databaseso Prepared memoranda and spreadsheets providing detailed analysis of discovery materials • Aided attorneys and support staff with processing and preparation of personal injury claims and litigationo Conducted legal research and drafted pleadingso Conducted supplementary online research for additional documents and information pertinent to litigationo Assisted with preparation of correspondence to clients and referring attorneyso Contacted clients for additional information needed in case preparation, litigation, and potential settlementso Prepared and input case intakes and referrals into databaseLaw School, AlabamaStudent Intern, Alabama Disabilities Advocacy Program (ADAP), August 1996 — June 1997 • Participated in law school clinical program under third - year law student practice rule (as authorized by Alabama Supreme Court) o Assisted attorneys and advocates in cases involving mentally ill patients confined to state mental health facilitieso Interviewed clients in person (at state facilities) and over the phoneo Worked with clients, attorneys, and social workers to investigate and resolve issues concerning involuntary confinement and treatmento Aided in legal research on an appellate brief submitted to the U. S. Court of Appeals for the Eleventh Circuit (ruling granted in favor of our client) Faculty Research Assistant for Library Services, Bounds Law Library, March 1996 — June 1997 • Prepared research and teaching materials for law school faculty; worked 20 hours per week while matriculating 10 - 15 hours per semester) o Investigated copyright issues related to procuring and reproducing texts for academic useo Conducted legal research using WESTLAW, LEXIS and the InternetADDITIONAL RELEVANT EXPERIENCEManufacturing Company (MC), Montgomery, AlabamaAdministrative Assistant and Cost Analyst, Materials Purchasing Department, April 1999 — September 2001 • Assisted materials buyers in negotiating and preparing commodities contracts between raw materials suppliers and MC for manufacturing plants in the US and Mexicoo Assisted Legal Department at MC's corporate headquarters with coordination and preparation of documents for litigationo Notified and educated suppliers about MC's freight - on - board policy and its corresponding Uniform Commercial Code (UCC) provisions; result was the reduction of freight claims for both the company and its supplierso Prepared contracts and purchase orders for raw materials and capital projects involving plant maintenanceo Solicited price quotations from current vendors and established Excel spreadsheet format which simplified quote submission process and allowed MC to track and compare usage volumes and costs over timeo Prepared and analyzed cost reports used by materials buyers and production planners in purchasing decisions, including cost reductions, materials consolidation, and selection of vendorso Acted as liaison between vendors and the Purchasing, Transportation and Accounting Departments on issues concerning inbound freight, commercial carriers, and payment terms for commodities, resulting in reductions in freight costs and greater payment discounts for raw materialso Established online databases and printed directories for the Purchasing Department, allowing buyers to have easier and faster access to current vendor informationo Completed Year 2000 (Y2K) compliance project, which involved data collection and communication with MC's past, present, and potential materials suppliers and service providersNot - For -
Profit Organization, AlabamaAdministrative Assistant, Combined Federal Campaign, September 1998 — January 1999 • Aided Campaign Director with 1998 Federal Campaigns (CFCs) in City 1 and City 2, which together generated nearly $ 700,000 for more than 1,000 local, national and international charitieso Prepared weekly reports on donations using WordPerfect, Microsoft Word, Excel and dBase IVo Wrote script for Talent Showcase at City 1's 1998 CFC Kickoffo Assisted Director with merger of the City 1 and City 2 CFCs in 1999Regional Bank, AlabamaAdministrative Assistant, Year 2000 (Y2K) Department, March — June 1998 • Worked with Vice President of Corporate Projects on short - term project for the bank's Y2K Departmento Analyzed and processed data on Y2K readiness for all branches of Bank throughout the southeastern USo Organized meetings for personnel of Banko Communicated with vendors of computer hardware, software, and office equipment to request information on Y2K complianceo Prepared compliance files for Federal Reserve auditso Prepared in - house memoranda and reports using Microsoft Word and ExcelRecord / Music Promotion Company, AlabamaRecord Pool Co-Founder; Office Manager, September 1990 — December 1991 • Co-founded record pool to enhance promotion of music in Alabama and the southeastern USo Procured and distributed records from major and independent labels for club, radio and mobile disc jockeyso Coordinated jointly sponsored promotional events with record companies, radio stations and clubso Designed, wrote, and published bi-weekly reports and brochures to inform the music industry of the progress and popularity of music and performers in the region, with specific focus on the Alabama music sceneMajor University, AlabamaGraduate Research Assistant, AUM Department of Marketing, June 1989 — August 1990 • Worked 13 - 20 hours per week as a research assistant to Marketing faculty while carrying a full course load in the MBA programo Analyzed consumer surveys used in academic researcho Assisted Conference Chairperson with coordination for Atlantic Marketing Association (AMA) annual meeting (October 1989) o Co-authored five - year index and classification of AMA Proceedings (published Fall 1991) EDUCATIONLaw School, AlabamaJuris Doctor (JD), 1997 • Scholarshipso Seybourn H. Lynne Scholarship, 1996 - 97o Dexter C. Hobbs Memorial Scholarship, 1995 - 96o E. W. Godbey Memorial Scholarship, 1994 - 95 • Honorso Who's Who Among American Law School Students, 1996 - 94o Arthur Davis Shores Award, 1997 • Activitieso Frederick Douglass Moot Court Team Manager, 1996 - 97 Southern Regional Competition, Second Place National Competition, Eighth Placeo John A. Campbell Moot Court Competition, Spring 1996o Black Law Students Association Delegate, BLSA National Convention, 1997 Co-Chairperson, Public Relations Committee, 1996 - 97 Chairperson, Public Relations Committee, 1995 - 96 BLSA President's Award, 1996 and 1997o American Bar Association, 1996 - 97 Entertainment and Sports Industries Forum Intellectual Property Section Law Student Divisiono LAWS Student Group Leader, 1995 - 96Major University, AlabamaMaster of Business Administration (MBA), 1990Bachelor of Science in Business Administration (B.S.B.A.), 1988 (Major: Marketing — Advertising and Promotion Track) • Honorso Dean's List • Activitieso National Student Advertising Competition Team, 1988 - 90 Seventh District Competition: Third Place, 1990o Marketing Club, 1987 - 90 Vice President — Career Development, 1988 - 89o Public Relations / Advertising (PR / AD) Club, 1988 - 90 Charter Member, 1988 Active in fund - raising and membership driveso Theater Guild, 1988 - 90 Screening Committee, 1989REFERENCESAvailable upon request
And commercial real estate brokerage
firms are starting to show
profits, after posting losses for
much of 2009.