Sentences with phrase «with profit per partner»

Back then, the firm had just come off a banner year, with profits per partner of $ 2.9 million for 2006, double the figure from 2002.

Not exact matches

Profit per equity partner (PEP) rose by 63.8 % at legacy Lawrence Graham in the firm's 2013 - 14 financial results, prior to the merger with Wragges & Co which went live on 1 May this year.

Data from Legal Week «s UK Top 50 and The American Lawyer «s Global 100 rankings shows that the 10 largest UK firms by revenue have increased profit per equity partner (PEP) by an average of 15.7 % during the last five years, compared with 24.7 % across the 10 largest US firms.

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.

Profit per equity partner (PEP) rose by 63.8 % at legacy Lawrence Graham in the firm's 2013 - 14 financial year, prior to the merger with Wragge & Co which went live on 1 May this year.

DWF has broken through the # 200m barrier with revenue growth of 7.6 % against a 9.8 % drop in profit per equity partner (PEP).

Kirkland & Ellis had a 2016 to remember, with revenue rising 15 % to $ 2.65 bn (# 2.12 bn) and profit per equity partner (PEP) passing the $ 4m mark.

Macfarlanes defied the depressed UK and European markets this year to record its second set of strong financial results in a row, with revenue up by 11.6 % and profits per equity partner (PEP) increasing by 9.5 % for 2012 - 13.

Dundas & Wilson has reported significant fall key financial metrics with turnover down 11 %, net profit down 21 % and profits per equity partner plunging 22 %.

Still, with global firms bringing in billions in revenue and profits per partner at the top 10 firms all well over $ 2 million, it is hard to offer them much sympathy for having had to weather the downturn.

Stephenson Harwood's average profit per equity partner (PEP) fell 8.5 % to # 708,000 in 2016 - 17, with the dip coming against an 11 % rise in revenue to # 176m.

Allen & Overy (A&O) has eclipsed its peers with double - digit growth in both revenue and profit per equity partner (PEP) that outstrips its closest rivals by some distance.

When this is combined with an ownership model and media culture that gives a distorting emphasis to profits per partner, the total cost - base of the law firm can be significantly inflated beyond sensible levels of cost - efficiency and market sustainability.

Braithwaite has overseen a solid period of growth during his ten - year tenure as managing partner with the firm recording a 14 % rise in average profits per equity partner last year to hit # 366,000, with the firm's fee income standing at # 56m.

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.

Weil Gotshal & Manges enjoyed a record year in 2017, with revenue reaching new heights, profits per equity partner (PEP) seeing double - digit growth and London turnover surging by 33 %.

with profits per equity partner (PEP) inching up 2.7 % to $ 1.5 m (# 950,000).

Cooley sees revenue climb 19 % as Mayer Brown posts 7 % rise to $ 1.2 bn, with profit per equity partner increasing 13 % to $ 1.44 m

The UK's leading law firms have struggled to match significant hikes in revenue with similar profitability increases during the past five years, with Legal Week research showing that 30 % of the UK top 50 have lower profits per equity partner (PEP) now than they did in 2011 - 12.

This week, a couple of bloggers discuss whether law firms can retain good people at a time when firms focus, with a laser - like intensity, on profits per partner and the bottom line.

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.

LG has posted a 26 % drop in profits per equity partner (PEP) for 2011 - 12, with revenue also fallng for a second consecutive year.

Braithwaite has overseen a solid period of growth during his tenure as managing partner with the firm recording a 14 % rise in average profits per equity partner last year to hit # 366,000, with the firm's fee income standing at # 56m.

Murphy argues that a fascination with profit per equity partner and short - term decision making is potentially putting some law firms at risk.

And it's generally only the Wall Street firms, with profits in the millions per partner, where the associate leverage is such that very few make partner.

DAC Beachcroft has posted rising turnover and profitability for the 2016 - 17 financial year, with profit per equity partner (PEP) rising to a new record high.

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.

Akin Gump Strauss Hauer & Feld has posted a double - digit increase in profits per partner (PEP) for 2017, with the metric rising 13.5 % to $ 2.4 m after another strong year for lobbying and dealmaking.

Maclays also demonstrated further growth in its 2006 - 07 results with average profits per equity partner breaking the # 300k barrier, rising by 15 % from # 275,000 last year to # 315,000 this year, while Brodies announced a turnover rise of 43 % to # 30m and gross profits up 33 % to # 11.6 m.

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.

In this case, the TNT that set off the avalanche was Herrmann's observation in an earlier post that of the 10 U.S. firms with highest profits per partner, «only one has any connection to a blog.

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.

The top line rose by 61 per cent in 2017 from # 44.8 m to # 71.9 m (or $ 92.6 m), while the litigation boutique is one of the most profitable firms in the world, with average partner profits well in excess of $ 5m.

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.

(This may be contrasted in some of these firms with reported increases in profits per partner, which they achieve by reducing partner rolls.

Overall profits per partner were up by 3.1 % but the growth was not evenly distributed, with mid-sized firms actually experiencing a decline of 0.4 % reflecting growing market segmentation

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.

Berrymans Lace Mawer has announced its 2011 - 12 financial results, with turnover climbing by 3 % against a 15 % drop in profits per equity partner (PEP).

Insurance and shipping firms have once again outpaced the UK top 50, with the firms seeing both revenues and profits per equity partner (PEP) increase by an average of 10.3 %.

As competition increases, law firms are trying to maintain and grow profits per partner with smaller partnerships.

Watson Farley & Williams has strengthened its London office with the addition of two partners from US law firms, in the wake of a strong 2016 - 17 for the firm which is expected to result in profit per equity partner (PEP) rising by at least 25 %.

Olswang and pre-merger Berrymans Lace Mawer have each grown their revenues for 2013 - 14, with profits per equity partner (PEP) at the former expected to dip by nearly 4 %.

Ashurst has posted falling revenue and profit per equity partner (PEP) for the second year running, with PEP falling to an 11 - year low.

Berrymans Lace Mawer has announced double - digit increases in both revenues and profits, with profits per equity partner (PEP) soaring upwards by 32 %.

Nabarro has also been doing well financially, with revenues up again this year after a stonking 2015 which saw profit per equity partner soar 21 %.

In this period the firm's revenue and profits have jumped by 40 %, with the journey capped last summer as profit per equity partner surpassed the # 1 million mark for the first time.

Law firms whose economic model is based on maximizing billable hours rather than efficiency, who limit (or shrink) the number of partners in order to maximize profits per partner, and who equate «face time» with commitment and loyalty, scoff at younger lawyers as being naïve and unrealistic.

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.

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.