Sentences with phrase «per equity partner»

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.

The firm is yet to provide profit figures for the past financial year, and last year declined to provide a figure for profit per equity partner.

In its financial year to the end of April 2017, Fieldfisher posted a 34 per cent increase in turnover to # 165m and an increase in profit per equity partner of 16 per cent.

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.

Regarding the disconnect between associate and partner pay, the bar chart below compares associate starting salaries with profits per equity partner at the 25th, 50th, 75th, and 95th percentile breakpoints in the Am Law 200.

Gibson Dunn & Crutcher saw revenue surpass $ 1.6 bn (# 1.3 bn) in 2016, while profits per equity partner grew by nearly 3 % as the firm continues to build on two decades of growth.

As a result of the shrinkage, the firm's revenue - per - lawyer jumped 15 percent, to $ 1.2 million, while profits per equity partner increased 11 percent, to $ 1.35 million.

The firm has been hit by turbulence in these practices, as it tries to strengthen in areas like healthcare, real estate and fraud, with revenues falling over the last three years and the most recently released profit per equity partner figure down 9 % to # 274,000.

While the firm's gross revenue rose by 3 percent to $ 568 million in 2011, its average profits per equity partner jumped 11 percent to $ 890,000, as first reported by sibling publication the Daily Business Review.

Olswang has recorded a fall in profit per equity partner for the second year running in the latest set of law firm financial results to be released while BLM has seen its PEP rebound sharply.

The median fee per equity partner was # 473,000.

In 2016, the average income per equity partner in larger firms jumped to nearly # 1.4 million, from around # 750,000 in the previous two years.

Bruce MacEwen looks at what's been rocketing Reed Smith revenue to a five - year climb that has profits per equity partner numbers up 154 percent.

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.

Revenue at the national player dropped to # 104m from # 107m, a 3 % decrease, while profit per equity partner also fell to # 275,000, down 3 % from last year's reported figure of # 284,000.

This year all that discipline has paid off with profit per equity partner soaring by 20 % to reach # 432,000.

In this period the firm's revenue and profits have jumped by 40 %, with the journey capped last summer as profit per equity partner surpassed the # 1 million mark for the first time.

Still, the firm remains a highly profitable place, with profit per equity partner up slightly this year to $ 1.11 m (# 861,000) and London newly qualified solicitor pay jumping a chunky # 7k to # 70,000.

The importance of leading the local market on trainee and junior lawyer salaries will have to be balanced with the fact that Burges Salmon has been feeling a bit more pressure of late amid a small decline in revenue from # 87.4 million to # 87 million and a 16 % drop in profit per equity partner from # 523,000 to # 438,000 in what managing partner Peter Morris has described as a «challenging» financial year.

Revenue passed the half a billion pound mark this year, rising 14 % to # 508.1 m, with profit per equity partner down slightly (2 %) to # 650,000.

Hogan Lovells» revenue climbed by almost 6 % to $ 1.925 bn (# 1.53 bn) in 2016, while profits per equity partner stayed flat during the year, which has seen many of the firm's competitors post significant growth.

Total funding per equity partner for the smallest firms has grown from # 135,000 in 2015 to # 156,000 in 2016.

Profit per equity partner tops # 760,000 on back of 8 % rise in UK turnover following strong 12 - month performance at City firm

Back in 2016 the Hazlewoods Financial Benchmarking Survey highlighted a reduction in banks» exposure to the «higher risk» legal sector due to a sharp rise in bank debt per equity partner, and ultimately a rising number of law firms going into administration.

He acknowledges that the international firm had a very tough 2015 - 16, with average profit per equity partner crashing by almost 20 %, revenue dropping by 10 % and a regular flow of partner departures.

Dundas & Wilson has reported significant fall key financial metrics with turnover down 11 %, net profit down 21 % and profits per equity partner plunging 22 %.

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 %.

If the firm pushes the amount of profits per equity partner upward by having fewer equity stakeholders, that will subject these partners to the potential of even greater swings in income year to year.

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.

Dewey & LeBoeuf saw a dramatic drop in gross revenue in 2009 while profits per equity partner moved up 3.4 percent, the result of a 10 percent decrease in equity partner headcount, according to numbers released by the firm Friday.

Its profits per equity partner surged to $ 2.44 million from $ 2.26 million.

Profit per equity partner now stands at # 366,000, up slightly from last year.

Profits per equity partner posted a 1 percent overall increase.

With firms slavishly compete on profit per equity partner paradigm in league tables, most BigLaw leaders are so consumed by their firms» standings that all decisions are made in the pursuit of profit today.

According to the most recent Am Law 100 financial data, DLA had more than $ 1.9 billion in gross revenue in 2010 and profits per equity partner exceeded $ 1.1 million.

Profits per equity partner managed to increase five percent at Milbank, Tweed, Hadley & McCoy in 2009 despite a slight drop in...

While only 12 percent of respondents reported tracking per equity partner / shareholder occupancy costs, firms will increasingly use this metric, especially to exhibit how long - term real estate costs are impacting profitability.

Profit per equity partner remained flat.

Amid a spate of lateral hires, Winston & Strawn saw its gross revenue rise slightly for the second straight year in 2011, while profits per equity partner edged up for the fourth year in a row, according to The American Lawyer's reporting.

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

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.

The survey revealed a median fee income per equity partner of # 455,650, down from # 469,666 in 2009, and a fall of 8.4 % in the median cost of a fee earner from # 43,938 to # 40,240.

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.

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

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

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.

Small law firms saw profits per equity partner fall 24 % as the recession hit, according to the Law Society Law Management Section's annual profitability survey.

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