The firm's three - year profits and three - year revenue are up 35 and 30 percent, respectively, with three - year
revenue per lawyer up 20 percent — percentage increases well outside current Big Law norms.
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.
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.
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.
«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 %.
Mayer Brown saw modest growth in 2015, with gross
revenue increasing 2.8 % to $ 1.257 billion (# 889m), while
revenue per lawyer inched
up 1.2 % to $ 835,000 (# 590,000).
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.
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).
«
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.
The revised parameters — at least $ 500,000 in profits
per lawyer and $ 1.1 million in
revenue per lawyer — yielded 29 law firms this year,
up from 24 last year.
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.