Six of the seven New York firms on our list of biggest decliners still had
revenue per lawyer of more than $ 1 million.
Because the firm's head count grew more rapidly than its revenue did in 2011, Curtis saw a decline in
revenue per lawyer of nearly 8 percent to $ 530,000.
Bingham saw City revenues rise by 11 % during the last calendar year to $ 54.7 m (# 36.6 m) compared with $ 49.1 m (# 32.9 m) in 2011, with around 50 lawyers clocking up average
revenue per lawyer of $ 1.158 m (# 776,000), compared to firmwide
revenue per lawyer of $ 969,000 (# 649,800).
Not exact matches
But because
of growth in head count and a drop in demand, particularly in the corporate and finance sectors, profits
per partner (PPP) fell by 4.3 percent, to an average
of $ 1.26 million, and
revenue per lawyer (RPL) dropped 1.2 percent, to $ 818,000.
Head count at law firms has exceeded the growth in
revenues per lawyer — which can begin to take a bite out
of profits.
«The US median is around four
lawyers per billion dollars
of revenue, so one might expect the first
lawyer to be hired at around the $ 250 million mark.
DLA's gross
revenue rose 2.5 % in the last fiscal year, to a new high
of $ 2.54 bn, while average
revenue per lawyer inched up 0.7 %, to $ 675,000.
MacEwen suggests a variety
of financial metrics, including
revenues or profits
per lawyer or one -, three - or five - year growth in
revenue, percentage
of revenues from longtime clients.
The dip in
revenue per lawyer was a product
of the associate ranks growing by more than 6 percent, as the firm welcomed back deferred associates from the summer class
of 2009, and built a team
of some 18
lawyers around two Hong Kong law partners who moved over from O'Melveny in 2010.
Two - thirds
of firms participating in the survey report increases in gross
revenue,
revenue per lawyer and profits
per equity partner in 2014.»
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 A-List is comprised
of firms who score highest in the following categories:
revenue per lawyer, pro bono, associate satisfaction, and diversity.
Even the firm's
revenue per lawyer grew 7 percent last year, to $ 1.07 million, topping even the roughly $ 1.05 million figure collected during the halcyon days
of 2007.
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 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.
According to The Am Law 100, Curtis only reached the milestones
of $ 100 million in gross
revenue in 2006, 200
lawyers in 2007, and $ 1 million in profits
per partner in 2008.
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 a result
of the shrinkage, the firm's
revenue -
per -
lawyer jumped 15 percent, to $ 1.2 million, while profits
per equity partner increased 11 percent, to $ 1.35 million.
While developing strategies to cope with the recession, managing partners and executive committees 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.
The largest
of these has over 4,000
lawyers and 2014
revenues of $ 35,000
per lawyer, according to the American
Lawyer.
Surveys show, nonetheless, that
lawyers per billion Euro
of revenue stand as high in Europe as they do in the US, so the absence
of the privilege hasn't deterred companies from hiring in - house.
lawyer and current information services partner at KPMG Canada, figures many firms have all the data they need, like: type
of client (e.g. industry, size, annual
revenues, number
of matters
per year); matter type (e.g. transaction, litigation); types
of opponents in litigation; and so forth.
There is no point addressing
revenue per lawyer (or profit
per employee) if the firm is actually more bothered about its exposure to a small number
of key clients than about its profitability at present.
In a clean sweep
of rising financials, DLA's U.S.
revenue per lawyer (RPL) was up 8 percent to $ 879,000, while its profit margin climbed 3 percent to a three - year high
of 29 percent.
The importance
of leading the local market on trainee and junior
lawyer salaries will have to be balanced with the fact that Burges Salmon has been feeling a bit more pressure
of late amid a small decline in
revenue from # 87.4 million to # 87 million and a 16 % drop in profit
per equity partner from # 523,000 to # 438,000 in what managing partner Peter Morris has described as a «challenging» financial year.
WASHINGTON — The American
Lawyer has named Covington to its 2016 «A-List,» an annual ranking
of the top 20 firms based on
revenue per lawyer, pro bono commitment, diversity, and associate satisfaction.
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.
In part because
of the expense required to integrate lateral hires into the firm, Winston's
revenue per lawyer declined 1.2 percent to $ 815,000 last year.
Revenue per lawyer is a key indicator
of financial health.
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.
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.
Our sample
of 15 especially highly reputed firms (including the likes
of Cravath, Skadden, and Sullivan) experienced an average increase
of only 2.9 % in
revenue per lawyer over the 5 - year period from 2007 - 12.
The American
Lawyer has ranked Paul, Weiss third in its annual «A-List,» which ranks firms based on their
revenue per lawyer, pro bono commitment, associate satisfaction, racial and gender diversity, and the percentage
of female...