Sentences with phrase «profit per partner»

And 2/3 of the firms expect an increase in profits per partner in 2009.

Back then, the firm had just come off a banner year, with profits per partner of $ 2.9 million for 2006, double the figure from 2002.

Those competitors are at the threshold, and they don't care about billable hour targets or average profit per partner.

What with all the focus these days on profits per partner, the leadership necessary to move forward on this issue seems to be in short supply.

At the same time, a net loss of 13 equity partners helped push profits per partner up 3.4 percent to $ 1.5 million.

[48] Finally, statistical rankings generally cover profit - related data such as profits per partner and revenue per lawyer.

In achieving buy - in regarding the relevance of profitability information, it is worth noting that partners do think about profits per partner.

New financial metrics — including margin percentage, leverage, profit per partner hour and revenue per lawyer — deliver greater insight into matter profitability.

The article explains that a firm generating $ 1 million in profits per partner likely has a book of business average of at least $ 2.5 million.

The law firm economic model shows that profits per partner takes four additional variables into account beyond merely realization rate.

As competition increases, law firms are trying to maintain and grow profits per partner with smaller partnerships.

But because net income grew — and because all the head count growth came in the associate ranks — profits per partner continued to rise.

In fact profits per partner exceeded $ 1 million.

In fact, in many cases, the impact was «profound,» writes reporter Richard Lloyd, citing the examples of Clifford Chance, where profits per partner fell by 41 percent, and Latham & Watkins, where they dropped by 20.5 percent.

The highest profits per partner on our Am Law 100 rankings in 2015 came in at $ 6.6 million at Wachtell, Lipton, Rosen & Katz, while the rainmakers and leaders (They are often, though not always, the same persons) at a select few firms can make at least twice that.

According to the most recent Am Law 100 financial data, 675 - lawyer Debevoise saw its gross revenue decrease 1.6 percent last year to $ 657 million, while profits per partner rose 11.1 percent to nearly $ 2.1 million.

Average profits per partner increased 7.2 percent to a record $ 2.47 million.

Coupling a small bump in gross revenue with diligent cost - cutting efforts, Holland & Knight enjoyed a double - digit increase in profits per partner for the second straight year in 2011, according to The American Lawyer's reporting.

Maister's Formula for Profitability, which has been influential in shaping law firms» profitability strategies, provides insight into the variables that can be leveraged to keep profits per partner high.

With several major matters settling on one hand and the firm investing in expansion on the other, Kasowitz Benson Torres & Friedman saw both its gross revenue and profits per partner decline in 2011, according to reporting by The American Lawyer.

After Keith's summary of the realization rate and profits per partner metrics at the matter level, the management committee debate becomes even more lively.

But in inflation adjusted dollars firms actually had the lowest profits per partner since ALM began tracking the AmLaw 200 in 1998.

In 2010, the firm's profits per partner surged 15 percent.

While O'Melveny's gross revenue essentially remained flat by declining less than 1 percent to $ 779 million, profits per partner jumped 13.1 percent to $ 1.73 million, and revenue per lawyer rose 10.2 percent to $ 1.02 million — the first time the firm has broken the $ 1 million mark in revenue per lawyer.

After a down year in 2010, Shearman & Sterling saw profits per partner hold steady at roughly $ 1.56 million in 2011, while its gross revenue inched up less than 2 percent to $ 750 million and its revenue per lawyer ticked down less than 3 percent to $ 900,000, according to The American Lawyer's reporting.

Most firms are financially sound but a lot aren't nearly as financially rich as they appear to be on the [profits per partner] Am Law reports,» says Mullman.

Aside from their phenomenally successful business model and profitability (with the Amlaw100 reporting profit per partner of over $ 4m), one of the points that provoked most discussion was the idea that many of the partners would retire from the firm in their early forties.

We don't want lawyers who are seduced by the reliability of hours and profits per partner because that leads to resistance to change.

Goodwin's profits per partner last year were around $ 1.5 million, compared to $ 870,000 at Schiff Hardin.

Revenue per lawyer dipped 5.3 percent to $ 810,000, while profits per partner decreased 5 percent to $ 1.2 million.

With revenue growth near 12 percent and profits per partner growth of close to 14 percent last year, Latham & Watkins blew past its previous high - water mark for revenue, and roughly matched its prerecession record for profitability, according to reporting by The American Lawyer.

Boston - based Goodwin Procter saw its gross revenues grow 2.5 percent to $ 695.5 million last year, but a net loss of 13 equity partners helped push profits per partner up 3.4 percent to $ 1.5 million, according to The American Lawyer's reporting.

The Law Society's annual report on firms» profitability has revealed an upbeat profession with median practice fee income up 4.1 %, median profit per partner up 3.6 % to # 121,731, and total lock up down slightly to 177 days.

Paul Hastings saw a 3.6 % increase in global revenues from $ 908m (# 544m) to $ 941m (# 564m) last year, with profit per partner rising by 4.6 % to $ 2.18 m (# 1.3 m) and revenue per lawyer up 5 % to $ 1.06 m (# 635,000).

So recently published profit per partner (PPP) figures should give them plenty to quietly whisper about around the water - cooler.

Last Friday, the Legal Pad broke the story that O'Melveny is offering early retirement to lawyers over fifty in response to two years of flat profits per partner (PPP).

But now, increased pressure to pump profits per partner has lead firms to de-equitize nonrevenue - producing partners.

However, competition and the all mighty profits per partner is all that actually matters (in private practice anyways).

As one of the fastest growing areas and increasingly lucrative areas of legal practice, it explains why some of the world's most profitable firms — Kirkland and Ellis (annual profits per partner $ 4.1 m), Quinn Emanuel ($ 5m), and Slaughter and May ($ 3.6 m)-- are now taking a slice of the available pie.

According to The American Lawyer rankings, Boies Schiller is among the most profitable firms in the US, with average profits per partner standing at $ 2.7 m (# 1.8 m) in 2012.

Firm posts profit per partner of over $ 3m for the second year running as it racks up litigation mandates

When firms are laying off associates to stay afloat (or, for the more cynical, to preserve profits per partner), will they still care about associate happiness — or be grateful to see associates leave voluntarily to spare themselves the negative publicity of announcing mass terminations?

The chairman of Akin Gump Strauss Hauer & Feld told attendees at the Thomson Reuters 17th Annual Law Firm Leaders Forum that his firm had chosen to focus on shoring up profits per partner during the recession.

Average profits per partner soared to $ 2.48 million from $ 2.32 million.

In 2010, Cravath and Sullivan broke the $ 3 million profits per partner mark, according to our reporting, with Wachtell partners clearing an average of $ 4.3 million, according to the final results of that year's survey.