Sentences with phrase «profits per partner takes»

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

Not exact matches

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.

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.

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.

Davis Polk: According to reporting by The American Lawyer, the firm took in $ 910 million, up from $ 870 million, and its profits per partner rose to $ 2.3 million from $ 2.2 million.

Risk - taking represents a greater threat to profits per partner than an opportunity for the firm to make a statement about its confidence in its abilities.

Some additional distinctions between Liam Brown's «law company» and the traditional law firm include: (1) performance and reward structures that value output over input; (2) closer alignment with the financial and enterprise objectives of the consumer; (3) a corporate structure that takes a long - term, client - centric view over profit - per - partner; (4) continuous process improvement; (5) investment in technology; (6) focus on «the right resource for the task»; (6) compressed delivery time; (7) a continuous quest to use technology and process to automate tasks and gather «big data» for benchmarking, predicting, and quantifying risk; (8) a transparent, 24/7/365 accessible connection with legal consumers; (9) supply chain management expertise; and (10) reduced cost.