Sentences with phrase «profits per partner]»

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.

with profits per equity partner (PEP) inching up 2.7 % to $ 1.5 m (# 950,000).

Reed Smith has posted a 7 % rise in global revenue for 2014, while average profits per equity partner (PEP) have increased by 6 %.

The answer to that question might just determine how well, if at all, your firm weathers the coming months.How many partners in your firm would willingly — enthusiastically — assent to a drop in profits per partner in order to keep fellow partners in the fold?

Weil Gotshal & Manges enjoyed a record year in 2017, with revenue reaching new heights, profits per equity partner (PEP) seeing double - digit growth and London turnover surging by 33 %.

And 10 firms, nine of them in New York, boasted more than $ 2 million average «profits per partner.»

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.

Profits per partner at Cadwalader rose to $ 2.4 m (# 1.5 m) for 2009, while revenue per lawyer climbed by 3 % to almost $ 1m (# 614,000).

Law firm leaders can perhaps convince their colleagues to care about profitability of clients, matters, practice areas, etc. by pointing out that profits per partner is merely the aggregation of all the profits on all the clients (or matters, etc.), divided by the number of partners.

An annual institution, the report analyzes the 2012 financial year and ranks United States - based law firms by overall revenue, number of attorneys, profits per partner, and various other measures.

In calculating profits per office, instead of using the two - step method used above for matter profitability — allocating occupancy expense first to lawyers then to the office — occupancy expense could be allocated directly to each office.

Greater efficiency leads to increased revenues and profits per partner, even using an hourly billing model.

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.

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

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

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.

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

I concede that The American Lawyer wasn't telling us much about profits per partner in 1895.)

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.

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.

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.

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.

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

Profits per partner, meanwhile, fell 10 percent to $ 1.67 million.

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

The data reflects the 2014 calendar year and orders the leading US law firms by overall revenue, number of attorneys, profits per partner, and various other measures.

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

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

Meanwhile, average profits per equity partner dropped slightly by 1 % to # 300,000, down from # 303,000 in 2006 - 07.

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 %.

Dickinson Dees saw average profits per equity partner (PEP) drop by more than 10 % during 2007 - 08, the firm's limited liability partnership (LLP) accounts have revealed.

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.

Each composite was then correlated profit margin, profitability index, and profits per equity partner.

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.

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

But for MacEwen, asking whether $ 160,000 is too high a salary is the wrong question; the ratio of associate salaries to PPP (profits per partner) also matters.

«Law Firms Breaking Records for Revenues and Profits Per Partner Main Will Roger Clemens Face Perjury Charges?»

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.

«On a macro level, the news is good for these firms: Revenue was up year - over-year by 7 %, revenue per lawyer by 9 %, and profits per partner by 11 %.

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

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.

In your zeal to ride the profits per partner wave just a bit longer, you weren't listening.

When this is combined with an ownership model and media culture that gives a distorting emphasis to profits per partner, the total cost - base of the law firm can be significantly inflated beyond sensible levels of cost - efficiency and market sustainability.

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

Too many firms are ruled not by a genuine interest in their associates and fellow partners but by profits per partner.

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

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.

Dundas & Wilson has announced its 2010 - 11 financial results, posting revenues of # 62m against profits per equity partner (PEP) of # 325,000.

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.

MacEwen suggests a variety of financial metrics, including revenues or profits per lawyer or one -, three - or five - year growth in revenue, percentage of revenues from longtime clients.