Not exact matches
Clients pay between $ 3,500 and $ 15,000
per family to use the service, and Crosby plans to open up a second
revenue stream this fall by licensing the Wevorce software to
lawyers, counselors and accountants — professionals who currently work
for the company as independent contractors.
Altogether, the group could bring $ 20 - 25m (# 15 - 20m) in business
for Cooley, which had
revenue per lawyer surpassing $ 1.1 m (# 850,000) last year.
«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 b
Revenue was up year - over-year by 7 %,
revenue per lawyer by 9 %, and profits per partner b
revenue per lawyer by 9 %, and profits
per partner by 11 %.
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).
For example, in the Aerospace and Defense category, the listed companies average 4
lawyers per billion dollars in
revenue.
For lawyers charging $ 250
per hour, that equals $ 30,500 in lost
revenue annually.
«
Revenue per lawyer, profit
per lawyer and profit
per equity
lawyer are all up over the last five years and all of these figures are at or near all time highs — even after adjusting
for inflation,» said Bruch.
While developing strategies to cope with the lagging demand
for legal services,
lawyer management must 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.
As
for other key financial metrics, the firm's overall attorney head count decreased by 1.8 percent, or five
lawyers, its
revenue per lawyer jumped 5.8 percent to $ 640,000, and its profits
per partner rose 3.8 percent to $ 680,000.
The above opinion is supported by the answers to the second question about results
for 2014 to date, where participants were asked: «What is your firm's
revenue per lawyer compared to a year ago?»
WASHINGTON — The American
Lawyer has named Covington to its 2017 «A-List,» an annual ranking of the top 20 firms based on
revenue per lawyer, pro bono commitment, diversity, associate satisfaction, and,
for the first time, the percentage of female equity partners.
When we examined
revenue per lawyer (a proxy
for a law firm's ability to command a price premium) across a sample of firms, we found that growth was highest among non-pedigreed firms.