Not exact matches
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.
Amid mixed results from top 50 rivals, RPC was a standout performer,
posting a 7.5 % increase in
profits per equity
partner (PEP) and a 21.8 % hike in turnover, pushing it up seven places in the rankings to 42nd place.
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 also
posted a healthy increase in
profits per equity
partner (PEP) of 7.6 % to # 1.398 m, widening the gap between arch-rival Linklaters, which managed a 5.9 % increase in PEP to # 1.313 m.
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.
Dundas & Wilson has announced its 2010 - 11 financial results,
posting revenues of # 62m against
profits per equity
partner (PEP) of # 325,000.
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.
Even opponents to using
profit per equity
partner (PEP) as a measure of law firm success would struggle to contend that a firm
posting a 19 % year - on - year fall in
profit was in anything other than a challenging position.
In this
post, the term «profitability» of a matter or other sub-unit generally refers to
profit per equity
partner of the matter or sub-unit.
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.
RPC has
posted a 12.4 % drop in
profit per equity
partner (PEP) for 2016 - 17 after a year in which the firm expanded its all - equity partnership and invested in new business lines.
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
Herbert Smith Freehills (HSF) has
posted an 8 % rise in
profit per equity
partner (PEP) in 2014 - 15 as its revenue also increased.
LG has
posted a 26 % drop in
profits per equity
partner (PEP) for 2011 - 12, with revenue also fallng for a second consecutive year.
Lawrence Graham has
posted a 7 % fall in revenue for the 2012 - 13 financial year, while
profits per equity
partner (PEP) dropped 14 %.
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.
Macfarlanes has
posted a 16.7 % fall in
profit per equity
partner (PEP) in the last financial year as net
profit for the firm fell 8.9 %.
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.
Specialist litigation firm Stewarts Law has
posted a 30 % jump in average
profit per equity
partner (PEP) to # 2m for the 2016 - 17 year.
Akin Gump Strauss Hauer & Feld has
posted a double - digit increase in
profits per partner (PEP) for 2017, with the metric rising 13.5 % to $ 2.4 m after another strong year for lobbying and dealmaking.
In this case, the TNT that set off the avalanche was Herrmann's observation in an earlier
post that of the 10 U.S. firms with highest
profits per partner, «only one has any connection to a blog.
A year after
posting declines in both revenue and
profits, Baker & McKenzie more than regained lost ground this past financial year, reporting an 8 % increase in firm revenues and a 13 % surge in
profits per equity
partner.
Berrymans Lace Mawer has
posted a 4 % increase in revenue for 2012 - 13 while seeing
profits per equity
partner (PEP) dip by 13 %.
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.
Ashurst has
posted falling revenue and
profit per equity
partner (PEP) for the second year running, with PEP falling to an 11 - year low.
Profits per equity
partner posted a 1 percent overall increase.
Citing a weak second half and aggressive lateral investment, Shearman & Sterling
posted a slight gain in gross revenue, a slight dip in revenue
per lawyer, and stagnant
profits per partner, according to The American Lawyer's reporting.
Though it
posted new records in net income, revenue
per lawyer, and
profits per partner, Bingham McCutchen saw its 15 - year topline growth streak end in 2011 as gross revenue fell 0.5 percent to $ 868.5 million, according to reporting by The American Lawyer.
Wells Fargo's Jeffrey Grossman continues: «In past years, the high -
profit firms — which the bank identifies as firms
posting $ 2 million in
profit per equity
partner or higher — have mostly bucked the wider trend of falling hours that has plagued their less - profitable peers.
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.
Burges Salmon has
posted improved figures for both revenue and
profits per equity
partner (PEP) for the 2012 - 13 financial year, with increases of 4 % and 1 % respectively.