Sentences with phrase «profits per partner increased»

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

According to the most recent Am Law 100 financial data, 570 - lawyer Dorsey saw gross revenue fall nearly 6 percent last year to $ 322.5 million, while profits per partner increased 13 percent to $ 565,000.

Perhaps more significantly, profits per partner increased 13.8 percent to essentially match 2007's $ 2.27 million figure (profits nose - dived 20.5 percent the following year amid the economic crisis).

Profits per partner increases ranged from less than 1 percent (Simpson Thacher) to 8 percent (Weil).

Willkie Farr & Gallagher saw its gross revenue rise 2.7 percent to $ 548 million and its profits per partner increase 2.6 percent to $ 2.15 million last year, according to The American Lawyer's reporting.

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.

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.

As for «profits per partner,» the metric that matters most to firms, nineteen firms had profits per partner of $ 2 million or more, an increase of four over last year.

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

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.

Its gross revenue has grown 57 percent since fiscal 2013, while its head count increased 28 percent and its profits per partner rose 43 percent.

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.

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.

The 2018 Am Law 100, which looks at numbers from 2017, reports that gross revenue grew 5.5 percent on average, net income increased by 6.1 percent, profit per equity partner grew by 6.3 percent, revenue per lawyer moved up 3.2 percent, and headcount rose 2.2 percent.

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.

Withers saw double digit increases in both turnover and profits per equity partner (PEP) over the 12 - month period ending 30 June.

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.

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

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.

And the trend has been to invite fewer attorneys into the equity ranks, increasing the firm's «leverage» and its coveted «profit per equity partner» figure (a large law firm's «stock price»).

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

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

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.

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

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.

Herbert Smith Freehills (HSF) has posted an 8 % rise in profit per equity partner (PEP) in 2014 - 15 as its revenue also increased.

In the year to 30 April, Gowling WLG's UK arm saw revenues increase by 2 % to # 184.7 m. Average profit per equity partner has also risen by 2 %, to # 379,000.

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.

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.

The firm said that in the year to 30 June 2015 profit per equity partner also increased, to # 935,000, up 6 % from # 882,000 the previous 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.

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.

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.

(This may be contrasted in some of these firms with reported increases in profits per partner, which they achieve by reducing partner rolls.

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

While developing strategies to cope with the recession, managing partners and executive committees must deal with is to understand their partners» expectations so that the former may develop and begin to implement strategies to reduce costs and enhance the volume of profitable business which, in turn, leads to increased revenue per lawyer and profits per partner.

Revenue has almost doubled to stand at # 1.28 bn in 2014 - 15, while profit per equity partner has increased by some 80 % since 2002 - 03 to # 1.21 m.

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.

Profit per equity partner (PEP) also increased by 8.5 % to $ 2.36 m (# 1.53 m), while revenue per lawyer (RPL) grew 8 % to $ 1.145 m (# 742,000).

Insurance and shipping firms have once again outpaced the UK top 50, with the firms seeing both revenues and profits per equity partner (PEP) increase by an average of 10.3 %.

Berrymans Lace Mawer has posted a 4 % increase in revenue for 2012 - 13 while seeing profits per equity partner (PEP) dip by 13 %.

Clyde & Co, Holman Fenwick Willan, Kennedys, Watson Farley & Williams, Ince & Co and Berrymans Lace Mawer all saw profits per equity partner (PEP) fall by between 2 % and 15 % during 2011 - 12, against an average increase in turnover of 12.6 %.

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.

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

Berrymans Lace Mawer has announced double - digit increases in both revenues and profits, with profits per equity partner (PEP) soaring upwards by 32 %.

Profits per equity partner posted a 1 percent overall increase.

Gibson Dunn, meanwhile, saw gross revenue increase by 6.8 percent, to $ 1.06 billion; profits per partner at the 1,030 - lawyer firm increased by 20.7 percent, to $ 2.3 million.

Davis Polk's gross revenue increased 2.8 percent in 2010 to $ 870 million, while profits per partner at the 745 - lawyer firm rose 5 percent to $ 2.2 million.