Nabarro posts PEP increase after cutting 17 equity partners
Nabarro has posted a 4.4 per cent increase in profits per equity partner, after cutting 17 partners from the equity ranks last year. The move i credited for turning around a…
Law firm news by topic » Profits Per Equity Partner
Magic circle firms give a solid performance in 2011-12
Four of the five Magic Circle firms have released their financial results, with decent news all round and fairly excellent news of equity partners. Allen & Overy posted a 6 per…
Clydes records 36% revenue growth after merger with BLG
Clyde & Co has posted a 36 per cent jump in revenue - the largest revenue increase of any top UK firm so far. The firm took in £287 million for 2011-12, up from £212m last year,…
Ashurst records 3% rise in PEP and 6% rise in revenues
Ashurst has boosted its profits per equity partner by 3 per cent in the 2011-12 financial year, with equity partners taking home an average of £744,000. The firm’s net profit…
SNR Denton reports 48% rise in PEP over 6% drop in revenues
SNR Denton has reported a massive 48% rise in profits per equity partner for Europe, Middle East and Africa, alongside a 6% drop in revenues. The firm explained the increase in…
Four leading NY firms post increased revenues in 2011
Four of the top New York law firms posted their financial results for 2011, with all four showing an increase in revenues. Skadden Arps Slate Meagher & Flom…
Profit at SNR Denton drops from £37.9m to £22.5m
The profit pool at SNR Denton dropped from £37.9 million to £22.5 million in 2010-11. Turnover in the same period fell from £166.1 million to £152.5 million. The firm explains…
Four associates leave London office of Quinn Emanuel
Four litigation lawyers have departed from the London office of US litigation firm Quinn Emanuel, punching a largeish hole in the team of 13. The firm’s London has done…
Mayer Brown invreases revenue by 2.4%
Mayer Brown has increased its revenue by 2.4 per cent – after two years of falling revenues. The figures will be some relief for the firm after dropping 14 per cent in 2009 and a…
Should law firms stay on home turf?
Interesting article here about the effect of international expansion on law firm balance sheets. The article points out that of the five elite London firms belonging to the so called ‘magic circle’, four (
Top US firms see growth in revenue, net income and profits in first half of 2011
The first half of 2011 saw revenue, net income, and profits per partner rise marginally in top US firms, according to a new survey by Wells Fargo Wealth Management's Legal Specialty Group. Collectively, revenue at the…
Profits at top US firms called into question
The Wall Street Journal has reported that over half of the top US law firms may have overstated their average profits per equity partner, and around 22 per cent of the top 50 firms overstated partner profits by more than…
Baker & McKenzie reports 8% growth in revenue over 7% growth profits
Baker & McKenzie has reported growth in gross revenue and average profits per partner in the past financial year. The firm’s gross revenue hiked 8 per cent to a record…
Top UK firms increase revenue by 4%
The Lawyer has published a survey that shows total revenues from the UK’s top law firms increasing by four per cent to £14.27bn in 2010-11. This marks the first return to growth since 2008.
LG reports 9% drop in revenue, 10% drop in PEP
LG has reported a 9 per cent drop in revenue in the 2010-11 financial year, from £64.9m to to £59m. In the same period the firm saw a 10 per cent drop in average profit per equity…