According to the new information,
profits per partner last year were $ 1.04 million, not the $ 1.8 million The American Lawyer initially reported.
Goodwin's
profits per partner last year were around $ 1.5 million, compared to $ 870,000 at Schiff Hardin.
Not exact matches
Cenovus reported fourth - quarter net income of $ 620 million or 50 cents
per share on Thursday, well ahead of $ 91 million, or 11 cents
per share, in the year - earlier period, thanks to better refinery
profits, stronger oil prices and production that almost doubled after it bought out its oilsands
partner, Houston - based ConocoPhillips,
last year.
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.
Burges Salmon has announced that it hit record revenue and average
profit per equity
partner (PEP) levels in the
last financial year.
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.
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.
Taylor Wessing's UK arm boosted its
profit per equity
partner (PEP) by 17 % over the
last financial year, its results for 2014 - 15 show.
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.
Last month Dentons reignited the debate on the validity of publishing
profits per equity
partner.
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.
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.
Linklaters grew its revenue to # 1.31 bn in the
last financial year as
profit per equity
partner (PEP) rose to # 1.45 m.
The firm is yet to provide
profit figures for the past financial year, and
last year declined to provide a figure for
profit per equity
partner.
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.
Average
profits per equity
partner (PEP) at the northeast firm hit # 366,000, a 14 % rise on
last year's mark of # 321,000.
Profits rose on average by 8 %, and median
profit per equity
partner rose # 20,000 on
last year's report to # 107,000.
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)
Macfarlanes has posted a 16.7 % fall in
profit per equity
partner (PEP) in the
last financial year as net
profit for the firm fell 8.9 %.
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.
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.
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.
Cleary: According to reporting by The American Lawyer, the firm's gross revenue surged to $ 1.125 billion from $ 1.05 billion, while
profits per equity
partner rose to $ 2.7 million from $ 2.6 million
last year.
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.
Profit per equity
partner now stands at # 366,000, up slightly from
last year.
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.
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.
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.
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.
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.
Curtis, Mallet - Prevost, Colt & Mosle saw its revenue pop nearly 18 percent to $ 165 million, and its
profits per partner rise by nearly 10 percent to more than $ 1.5 million
last year, according to The American Lawyer's reporting.
2010 average
profits per equity
partner should have been $ 980,000, not $ 1,605,000 as reported by the firm
last year.
Addleshaw Goddard's yo - yoing recent financial results — a 40 % leap
last year in
profit per equity
partner was followed by a 31 % drop this year — are reflected in some changeable performances in the various categories of the Legal Cheek Trainee and Junior Lawyer Survey 2017 - 18.
Arent Fox, bolstered by a strong year in the firm's intellectual property, civil litigation and government contracts practices, saw revenue
per lawyer increase 2.7 percent to $ 750,000 in 2012 and
profit per partner rise to $ 850,000, a 2.4 percent increase over
last year, our reporting shows.
Offering one of the best combinations of scale and quality outside the magic circle — with revenue
last year of a whopping # 1.53 billion and global
profit per equity
partner at nearly # 1 million (the UK figure is # 760,464)-- Hogan Lovells specialises in about every practice area you can imagine.
Although not mentioned as a reason for the current wave of departures, Howrey has recently suffered from poor profitability;
last year,
profits per partner plunged 35 percent firmwide.
Berwin Leighton Paisner had a seven percent gross revenue increase
last year but
profits per equity
partner fell by eight percent.
The firm saw its gross revenue drop 3.5 percent to $ 422.5 million
last year, while
profits per equity
partner rose 5.2 percent to $ 705,000, according to reporting by The American Lawyer.
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.
Trowers & Hamlins has seen a dip in
profits per equity
partner (PEP) of 14 % over the
last year on the back of a drop in revenues and net
profit.
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.