Sentences with phrase «profit 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.

Preliminary results show revenue growth outstripping growth in profit per equity partner in difficult market conditions

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.

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.

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.

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.

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.

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.

Cooley and Mayer Brown have both posted double digit increases in profits per equity partner for 2014, as US financial results continue to trickle in.

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.

The ongoing spat around the value - or otherwise - of firms reporting profit per equity partner (PEP) shows no sign of abating, with a stream of industry leaders weighing in on the debate.

Realization rates, utilization and leverage were the control mechanisms to boost profits per equity partner and, alongside well - maintained overhead expenses, buoy the financial health of the firm.

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

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

Ryan has 18 + years working across BFSI, professional services and Global 100 law firms introducing value propositions which enhance valuation of organizations by providing for higher profits per equity partner, managed services and market data solutions across Tier 1 banks and investment houses.

An average profit per equity partner number that fails to give any indication of how many partners are actually receiving anything close to that figure, due to the way the firm shares out its equity?

Recent financial results have been solid, with revenues rising to # 870m during 2015 - 16 against profit per equity partner of # 840,000.

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.

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.

Mark's expertise has consistently enabled clients to significantly improve profits per equity partner, provide accurate and reliable information real time, and enhance staff capabilities.

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.

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.

Profits per equity partner posted a 1 percent overall increase.

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

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.

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.

After what the firm described as a «solid» 2016, Reed Smith held profits per equity partner (PEP) and revenue per lawyer (RPL) steady amid declines in headcount and overall revenue.

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

Under the leadership of senior partner Michael Ward profit per equity partner (PEP) increased nearly 10 % to # 288,000 in 2013 - 14.

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 %.

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

Last month Dentons reignited the debate on the validity of publishing profits per equity partner.

Dentons» decision to cease publication of its annual profits per equity partner (PEP) has its backers within the legal profession: according to a survey of partners, just under half think financial transparency is «irrelevant» to anyone outside the firm itself.

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.

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 %.

This joint post by Blaqwell and KMJD Consulting describes a recent American Lawyer study showing a correlation between non-equity partners and declining profitability in Am Law 100 firms, concluding that firms with increasing NEP tiers are signaling weak underlying profits per equity partner.

If you track these numbers over the course of several years, you can get a good idea of the overall health of the firm by comparing those numbers to the related profit per equity partner.

Since the start of 2008, many observers predicted that law firms would experience decreased revenues and diminished profits per equity partner (PPP) for the year.

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.

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.

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.

David Maister described the objective as maximising profit per equity partner (PEP) using a simple equation based on 4 key factors, based essentially on the old concept of «Finders Minders and Grinders»:

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.

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