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.
Contrary to some
reports, the investment has not made him the world's wealthiest musician; the $ 1.4 bn will be split between the six founding
partners of Elevation Partners, which only get 20 per cent of
partners of Elevation
Partners, which only get 20 per cent of
Partners, which only get 20
per cent of
profits.
White & Case and King & Spalding have both
reported a rise in
profit per equity
partner (PEP) as K&L Gates
reported a slight dip.
The ongoing spat around the value - or otherwise - of firms
reporting profit per equity
partner (PEP) shows no sign of abating, with a stream of industry leaders weighing in on the debate.
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.
White & Case
reported a 7 % rise in
profit per equity
partner (PEP) in 2014 to $ 2m (# 1.3 m), up from $ 1.87 m (# 1.14 m) in 2013.
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.
Dundas & Wilson has
reported significant fall key financial metrics with turnover down 11 %, net
profit down 21 % and
profits per equity
partner plunging 22 %.
In one of the articles that accompanies the
report, Nicholas Bruch, senior analyst at ALM Legal Intelligence, which assisted in compiling the results, and Hugh A. Simons, an industry analyst and former COO at Ropes & Gray in Boston, write that 78 percent of the firms in this year's Am Law 100 surpassed their pre-recession levels of
profits per equity
partner — and did so in large part through management.
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.
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.
He was interviewed by Lee Pacchia on his Business of Law show about his firm's decision to stop
reporting profits per equity
partner.
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.
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.
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.
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.
Two - thirds of firms participating in the survey
report increases in gross revenue, revenue
per lawyer and
profits per equity
partner in 2014.»
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.
Profits rose on average by 8 %, and median
profit per equity
partner rose # 20,000 on last year's
report to # 107,000.
Gateley has
reported a significant hike in
profits with
profit per equity
partner (PEP) soaring by 22 % while revenue also climbed 7 % during the 2012 - 13 financial year.
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.
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.
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.
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.
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.
(This may be contrasted in some of these firms with
reported increases in
profits per partner, which they achieve by reducing
partner rolls.
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.
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.
Dentons has opted to stop
reporting average
profits per equity
partner, citing the metric as «meaningless» for a global firm, and claiming it could be potentially damaging to client relations.
Citing a weak second half and aggressive lateral investment, Shearman & Sterling posted a slight gain in gross revenue, a slight dip in revenue
per lawyer, and stagnant
profits per partner, according to The American Lawyer's
reporting.
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.
The firm
reported steady growth across the board, with gross revenue increasing almost 10 percent and
profits per partner rising 7.2 percent, 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.
In the year leading up to its impending merger with McKenna Long & Aldridge, San Diego — based Luce, Forward, Hamilton & Scripps saw its gross revenue fall nearly 18 percent to $ 83.5 million and its
profits per partner drop almost 21 percent to $ 535,000, according to
reporting by The American Lawyer.
In a year that saw it move into a new Manhattan headquarters and install a new chairman, Proskauer Rose increased its gross revenue by more than 6 percent and its
profits per partner by 9 percent, 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.
Though it posted new records in net income, revenue
per lawyer, and
profits per partner, Bingham McCutchen saw its 15 - year topline growth streak end in 2011 as gross revenue fell 0.5 percent to $ 868.5 million, according to
reporting by The American Lawyer.
2010 average
profits per equity
partner should have been $ 980,000, not $ 1,605,000 as
reported by the firm last year.
As we've
reported before,
profits per partner at Howrey dropped 35 percent, to about $ 846,000 in 2009.
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.
According to the new information,
profits per partner last year were $ 1.04 million, not the $ 1.8 million The American Lawyer initially
reported.
White & Case saw its gross revenue rise about 4 percent to $ 1.33 billion in 2011, while the firm's
profits per equity
partner fell about 5 percent to $ 1.475 million, according to
reporting by The American Lawyer.
Regional
partners also enjoyed higher
profits — more than 70 % of those who grew
profit per equity
partner (PEP)
reported an increase of more than 10 %, compared to less than 40 % of City firms.
The Missouri — based firm saw gross revenue dip 4.7 percent to $ 266 million and its
profits per partner fall 7.1 percent to $ 525,000 in 2011, according to The American Lawyer's
reporting.
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 its
profits per partner decline in 2011, according to
reporting by The American Lawyer.
While Kramer Levin Naftalis & Frankel's gross revenue hit a new high in 2011, the firm's
profits per partner fell 3.5 percent, according to The American Lawyer's
reporting.
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.
Charles Russell Speechlys has
reported a 23 % jump in
profit per equity
partner (PEP) in its first full financial year results following the merger of legacy firms Charles Russell and Speechly Bircham, as Trowers & Hamlins
reported flat net
profit.
Legal Week
reported in August that Ashurst held back distributions due that month after a difficult 2015 - 16, when revenue and
profit per equity
partner (PEP) both plunged by double digits.