Sentences with phrase «profit per equity partner of»

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 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.

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.

In 2007, K&L Gates had revenues of $ 755 million and profits per equity partner of $ 800,000.

Not exact matches

«We have seen the arrival of the world's first # 1bn law firm, Clifford Chance, and Pinsent Mason's astonishing 71 per cent increase in profits per equity partner (the all important benchmark for law firm performance).»

Data from Legal Week «s UK Top 50 and The American Lawyer «s Global 100 rankings shows that the 10 largest UK firms by revenue have increased profit per equity partner (PEP) by an average of 15.7 % during the last five years, compared with 24.7 % across the 10 largest US firms.

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.

Travers Smith has reported revenue growth of 13 % and an increase in profit per equity partner (PEP) of 8 % for the year ended 30 June 2016.

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

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.

DWF has broken through the # 200m barrier with revenue growth of 7.6 % against a 9.8 % drop in profit per equity partner (PEP).

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

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 %.

Macfarlanes defied the depressed UK and European markets this year to record its second set of strong financial results in a row, with revenue up by 11.6 % and profits per equity partner (PEP) increasing by 9.5 % for 2012 - 13.

The firm saw revenue climb 2.3 % to # 1.31 bn from last year's figure of # 1.28 bn, while average profit per equity partner (PEP) remained stable at # 1.21 m.

It reached turnover of # 1.303 bn for 2011 - 12, and saw profit per equity partner (PEP) rise 7 % to # 1.078 m.

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.

Mishcons took in revenues of # 149.4 m during the year, an increase of 17 % on 2015 - 16, while profit per equity partner (PEP) hit # 1.1 m, a 10 % increase on last year's figure of of # 1m.

In one of the articles that accompanies the report, Nicholas Bruch, senior analyst at ALM Legal Intelligence, which assisted in compiling the results, and Hugh A. Simons, an industry analyst and former COO at Ropes & Gray in Boston, write that 78 percent of the firms in this year's Am Law 100 surpassed their pre-recession levels of profits per equity partner — and did so in large part through management.

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.

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.

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.

Yet law firms persist in using another type of PEP (profits per equity partner) as a measure of success.

Turnover at Hogan Lovells International, which encompasses all of the firm's operations outside of the US, rose 8 % last year, while profit per equity partner (PEP) jumped 25 %, the firm's limited liability partnership accounts have shown.

The sale of D3 is also thought to have contributed to a 10 % drop in profits per equity partner (PEP).

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.

When The American Lawyer released its Am Law 100 report last week, many noticed a correlation between increased PPP (profits per partner) on the one hand and the decline in the number of equity partners and growth in the category of non-equity partners on the other.

Macfarlanes this week (24 June) reported that, while turnover jumped by 4.5 % to a new high of # 110m, its profits remained almost static, falling slightly from average profits per equity partner (PEP) of # 1.125 m last year to # 1.1 m.

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 %.

Average profits per equity partner (PEP) have also steadily crept back to levels approaching 2007 - 08 ′ s record high of # 616,000.

Average profits per equity partner (PEP) at the northeast firm hit # 366,000, a 14 % rise on last year's mark of # 321,000.

He was interviewed by Lee Pacchia on his Business of Law show about his firm's decision to stop reporting profits per equity partner.

As explained by David Maister in his seminal book (Managing the Professional Service Firm, Free Press Paperbacks, 1993), «it is only by understanding the profit per partner of different practices, services (and even engagements) that the firm can manage its «equity investments» (partner time) wisely.»

Profit per equity partner for the sub-unit equals its profit divided by the notional number of equity partners attributable to the subProfit per equity partner for the sub-unit equals its profit divided by the notional number of equity partners attributable to the subprofit divided by the notional number of equity partners attributable to the sub-unit.

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.

If you follow the legal media, one of the biggest stories so far this year was when the major law firm, Dentons, announced it was no longer reporting average profits per equity partner, saying that it was a meaningless statistic for a firm that operates in so many global jurisdictions.

Two - thirds of firms participating in the survey report increases in gross revenue, revenue per lawyer and profits per equity partner in 2014.»

Two thirds of firms in the UK top 50 have seen profits per equity partner (PEP) fall over the past five years, according to research compiled by Legal Week.

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.

Braithwaite has overseen a solid period of growth during his 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.

Mayer Brown saw revenue inch up 0.2 % last year to reach a new high of $ 1.26 bn (# 1.03 bn), while profit per equity partner (PEP) fell 7.1 % to $ 1.45 m (# 1.19 m)

But that average gain of 1.2 %, coupled with similar increases in revenue per lawyer and profits per equity partner, masked some weakness in many firms» results.

According to unaudited figures released by the firm last July it had recorded revenues of # 51.8 m, a 7 % dip on the previous year, alongside a 14 % drop in profits per equity partner (PEP) to # 260,000.

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.

The City firm took in fee income of # 57.5 m for the last financial year, broadly in line with the 2011 - 12 figure of # 57.6 m, while profits per equity partner (PEP) fell 3 % from # 303,000 to # 293,000.

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.

Weil's equity partner head count declined by 4.1 percent, which contributed to a profits per partner surge of 8 percent last year, our reporting showed.