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Biglaw Profits Per Partner (PPP) info for 2006

EDIT: This list is no longer being updated. Numbers for all ...
bistre pervert volcanic crater
  01/13/07
GT's moving up in teh world.
Doobsian laser beams
  01/13/07
...
elite slippery parlour
  01/13/07
Recorder article on SF firms
bistre pervert volcanic crater
  01/13/07
Reed Smith: http://www.law.com/jsp/article.jsp?id=1168596135...
bistre pervert volcanic crater
  01/13/07
littler is so TTT. sweet irony, a firm that works exclusivel...
Puce Theater Athletic Conference
  01/13/07
this is profits per partner
elite slippery parlour
  01/13/07
I know but they also pay real shitty to their associates. so...
Puce Theater Athletic Conference
  01/13/07
it is also funny that there are associates at WLRK who get p...
elite slippery parlour
  01/13/07
At least it the major markets. I know that their Atlanta of...
Rusted Rough-skinned New Version
  01/13/07
Compilation of Negative Links About R.D. and Michael Fertik
passionate plaza french chef
  04/15/07
Is Quinn's increase based on their contingency work again?
Adulterous vibrant sound barrier
  01/13/07
Yeah, see the Recorder article that I posted. This makes th...
bistre pervert volcanic crater
  01/13/07
What kind of contingency work are they taking?
opaque geriatric gay wizard
  01/13/07
Patent disputes, I believe.
bistre pervert volcanic crater
  01/13/07
Do you know what percentage they take for those cases? Is it...
opaque geriatric gay wizard
  01/13/07
I assume so but search Westlaw for an AmLaw or Recorder arti...
bistre pervert volcanic crater
  01/13/07
http://www.thelawyer.com/cgi-bin/item.cgi?id=123605 &poun...
trip frozen home
  01/13/07
I'll post it, although it's not really clear from the articl...
bistre pervert volcanic crater
  01/13/07
Last year was 401,000 pounds. http://www.thelawyer.com/gl...
trip frozen home
  01/13/07
That sounds about right for the Jones Day PPP I had for last...
bistre pervert volcanic crater
  01/13/07
Yeah, its a 15% increase, which is in line with most of the ...
trip frozen home
  01/13/07
Wait, JD is only paying 400K PPP in the US?!
pungent motley toilet seat
  01/13/07
That's in pounds. Its about ~900K USD.
trip frozen home
  01/13/07
less than that. more like 750k USD
Underhanded foreskin
  02/15/07
the global 100 is interesting when you consider exchange rat...
Puce Theater Athletic Conference
  01/13/07
Faegre is such a TTT.
pungent motley toilet seat
  01/13/07
I would pick Faegre over Dorsey. Most would. hth.
Thirsty station cuckold
  01/13/07
Wachtell - $3.79m (+8.3%) Cravath - $2.600m (+17.9%) C...
pungent motley toilet seat
  01/13/07
Why are you copying last year's numbers?
bistre pervert volcanic crater
  01/13/07
Because it's annoying having to click the link to read last ...
pungent motley toilet seat
  01/13/07
Tried using a tabbed browser? So now I have your post takin...
bistre pervert volcanic crater
  01/13/07
agreed. that was super idiotic.
sadistic national striped hyena
  01/13/07
why do people with top grades and clerkships go to munger?
Puce Theater Athletic Conference
  01/13/07
http://www.xoxohth.com/thread.php?thread_id=512208&forum...
bistre pervert volcanic crater
  01/13/07
because they don't have the cajones to work for a real firm
elite slippery parlour
  01/13/07
there is no way Jones Day is that high. look at their Atlan...
Milky Harsh Bbw Death Wish
  01/13/07
The link is above. I mentioned that it might be for just th...
bistre pervert volcanic crater
  01/13/07
When does the total ppp list come out?
judgmental chapel
  01/13/07
Last year it was May/June.
bistre pervert volcanic crater
  01/13/07
Fine by me.
federal school cafeteria
  01/14/07
Why isn't Knobbe Martin on the list? I thought that firm pa...
Rusted Rough-skinned New Version
  01/14/07
I've heard that seniors and partners don't make very much th...
bistre pervert volcanic crater
  01/14/07
Dechert
bistre pervert volcanic crater
  01/25/07
Bump to $160k in Philadelphia? Yeah right.
Stubborn salmon rehab masturbator
  01/25/07
You don't get to $2m PPP by being generous!
bistre pervert volcanic crater
  01/25/07
How did a shitty firm like Dechert end up being so profitabl...
wild background story
  01/25/07
seriously. dechert? wtf? they put MUNGER to shame
dashing dark area scourge upon the earth
  01/25/07
Charlie Munger could single-handedly double MTO's PPP just b...
bistre pervert volcanic crater
  01/25/07
they got the most of the merck vioxx work and had a big piec...
Impertinent crackhouse
  01/25/07
i thought hughes hubbard was doing most of the vioxx work
Underhanded foreskin
  02/08/07
Thanks for the link -- but how were you able to get to the L...
Big trailer park
  01/25/07
It was on law.com today -- I think every day there are one o...
bistre pervert volcanic crater
  01/25/07
Anyone have a link to the PPP stats for the Magic Circle?
spectacular submissive hunting ground
  01/25/07
I thought it hadn't been reported yet, but I did a quick sea...
bistre pervert volcanic crater
  01/25/07
Nevermind. There was some mention of Linklater's PPP for 20...
bistre pervert volcanic crater
  01/25/07
Thanks anyway.
spectacular submissive hunting ground
  01/25/07
Actually I just realized last year's chart didn't have the n...
bistre pervert volcanic crater
  01/25/07
ty, ty.
spectacular submissive hunting ground
  01/25/07
Cadwalader: http://www.law.com/jsp/nylj/PubArticleNY.jsp?hub...
bistre pervert volcanic crater
  02/03/07
Susman Godfrey - 3.9mil http://www.accessmylibrary.com/co...
Walnut hairraiser associate
  02/05/07
Oh nice, I always wondered what their PPPs were like. But t...
bistre pervert volcanic crater
  02/05/07
Oh shit, you're right. My bad, sorry.
Walnut hairraiser associate
  02/06/07
Paul Weiss, Sidley: http://www.legalweek.com/Articles/100595...
bistre pervert volcanic crater
  02/07/07
If anybody can find the Baker numbers referenced in the firs...
bistre pervert volcanic crater
  02/07/07
Gibson: http://www.legalweek.com/Articles/1006164/West+Coast...
bistre pervert volcanic crater
  02/08/07
Munger $1.22 Million (+12%) Bingham McCutchen $1.22 Millio...
Mind-boggling locus preventive strike
  02/09/07
Source?
bistre pervert volcanic crater
  02/09/07
You don't trust me? http://www.law.com/jsp/ca/PubArticleCA....
Mind-boggling locus preventive strike
  02/09/07
I do, just wanted the link. Thanks, I don't know how I miss...
bistre pervert volcanic crater
  02/09/07
Will Cadwalader beat Cravath in PPP? Consequences?
Bipolar Pistol
  02/09/07
We already have them beat by the fact that we are too good f...
smoky provocative ratface
  02/09/07
Latham and OMM: http://www.law.com/jsp/ca/PubArticleCA.jsp?i...
bistre pervert volcanic crater
  02/12/07
PPP including nonequity
Mauve beta goyim
  02/21/07
Hm, this makes sense to me. However, I wonder if AmLaw calc...
bistre pervert volcanic crater
  02/21/07
On further consideration I decided to delete my estimates fo...
bistre pervert volcanic crater
  02/21/07
Second Class Citizens
Mauve beta goyim
  02/21/07
The reason that I'm not sure AmLaw does it properly is becau...
bistre pervert volcanic crater
  02/21/07
NEP Comp
Mauve beta goyim
  02/21/07
Couple of posts here and there about Kirkland's NEP comp. I...
bistre pervert volcanic crater
  02/21/07
Here is KirklandTroll's estimate of non-equity partner comp ...
bistre pervert volcanic crater
  02/22/07
Added in estimates of PPP including nonequity partners for W...
bistre pervert volcanic crater
  02/12/07
McDermott: http://www.legalweek.com/Articles/1007236/PEP+up+...
bistre pervert volcanic crater
  02/12/07
Recorder article on LA firms
bistre pervert volcanic crater
  02/13/07
Cleary: http://www.legalweek.com/Articles/1007829/Cleary+bre...
bistre pervert volcanic crater
  02/15/07
Paul Hastings: http://www.thelawyer.com/cgi-bin/item.cgi?id=...
bistre pervert volcanic crater
  02/15/07
"Chairman Seth Zachary said the [London] office was the...
Mind-boggling locus preventive strike
  02/15/07
Actually I'm starting to wonder if the global firms are gett...
bistre pervert volcanic crater
  02/15/07
*ching* give the man a big wheel of dutch cheese
autistic lemon hominid state
  02/16/07
Irell and Knobbe Martens: http://www.law.com/jsp/ca/PubArtic...
bistre pervert volcanic crater
  02/15/07
Morgan Lewis and Jeffer Mangels: http://www.law.com/jsp/ca/P...
bistre pervert volcanic crater
  02/16/07
http://www.averyindex.com/2007_schiltz.php I think these ...
Flirting Lilac School Turdskin
  02/16/07
They are 2005 at best, given that most of these firms haven'...
bistre pervert volcanic crater
  02/16/07
Sherman: There is some confusion over the numbers, as noted ...
bistre pervert volcanic crater
  02/17/07
King & Spaulding: http://www.marketwire.com/mw/release_h...
bistre pervert volcanic crater
  02/17/07
Akin Gump: http://www.thelawyer.com/cgi-bin/item.cgi?id=1243...
bistre pervert volcanic crater
  02/19/07
Pepper Hamilton: http://www.law.com/jsp/article.jsp?id=11719...
bistre pervert volcanic crater
  02/21/07
Debevoise: http://www.thelawyer.com/cgi-bin/item.cgi?id=1243...
bistre pervert volcanic crater
  02/21/07
Hmm, I should probably stick this on LFD in chart format.
fighting kitty cat faggot firefighter
  02/22/07
Duane Morris: http://www.law.com/jsp/article.jsp?id=11721385...
bistre pervert volcanic crater
  02/26/07
"People are concerned that they might not make partner ...
racy rose legend famous landscape painting
  02/26/07
Cahill PPP
Marvelous slate telephone
  02/26/07
Good catch, thanks.
bistre pervert volcanic crater
  02/26/07
thanks for compiling
Marvelous slate telephone
  02/26/07
Milbank, Kaye Scholer: http://www.legalweek.com/Articles/101...
bistre pervert volcanic crater
  03/06/07
Greenberg Traurig: http://www.law.com/jsp/article.jsp?id=117...
bistre pervert volcanic crater
  03/06/07
Wachtell, Cravath, Sullivan, Skadden, Fried Frank - http://...
bistre pervert volcanic crater
  03/22/07
Re Wachtell, please explain to me how $3.79M (2005) --> $...
sadistic national striped hyena
  04/15/07
Yeah, we never got a good answer to the question: http://www...
bistre pervert volcanic crater
  04/15/07
My guess is legalweek just fucked up. It would be interestin...
sadistic national striped hyena
  04/15/07
Legal Week has published their Top 50 list: http://www.legal...
bistre pervert volcanic crater
  04/19/07
man PPP's = peasant $
Twinkling Outnumbered Cuckoldry Crotch
  04/19/07
http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-milli...
bistre pervert volcanic crater
  04/19/07
banking > law. Sadly I just realized this now as a 2L, so...
Twinkling Outnumbered Cuckoldry Crotch
  04/19/07
...
bistre pervert volcanic crater
  04/19/07
Not updating this list anymore. I added the Westlaw cite to...
bistre pervert volcanic crater
  05/07/07
Updated OP with the Westlaw cite for the AmLaw 200 list.
bistre pervert volcanic crater
  06/05/07
your cite doesn't work
Obsidian Den
  06/05/07
Hm, I just tried it and it worked for me. You can just se...
bistre pervert volcanic crater
  06/05/07
Just searched again and they changed the cite, so this one s...
bistre pervert volcanic crater
  06/11/07
this makes me really sad. The most you can possibly hope fo...
histrionic step-uncle's house
  06/11/07
what type of business?
slimy abode
  06/11/07


Poast new message in this thread





Date: January 13th, 2007 5:11 PM
Author: bistre pervert volcanic crater

EDIT: This list is no longer being updated. Numbers for all AmLaw 200 firms are on Westlaw at 6/2007 AMLAW 151

Law firms are reporting financial info, so I might as well collect them into one list. Sources are in the posts below. As usual, I reserve judgment on whether any of this info is actually "useful" -- if you prefer some other metric like revenue per lawyer, wait for AmLaw or run the numbers yourself. If you have an addition, please post to this thread or use the anonymous email form at http://xoxoreader.blogspot.com/

Last year's numbers are here: http://www.xoxohth.com/thread.php?thread_id=373243&forum_id=2

Firm - PPP (percent change) / PPP including nonequity partners

Wachtell - $3.975m (+4.9%)

Cravath - $3.015m (+16%)

Cadwalader - $2.9m (+13.7%)

Sullivan - $2.8m (+8%)

Kirkland - $2.6m (+19.8%)

Cahill - $2.57m

Simpson - $2.5m (+5.3%)

Paul Weiss - $2.5m (+1%)

Quinn - $2.43m (+24%)

Davis - $2.43m (+16.8%)

Milbank - $2.17m (+7%)

Skadden - $2.15m (+16%)

Cleary - $2.1m (+7%)

Wilkie - $2.03m (+13%)

Dechert - $1.985m (+27%)

Weil - $1.95m (+4%)

Latham - $1.855m (+16%)

Debevoise - $1.806m (+7%)

Gibson - $1.75m (+7%)

Irell - $1.675m (+12%)

O'Melveny - $1.625m (+1%)

Paul Hastings - $1.605m (+21%)

Fried Frank - $1.53m (+23%)

White & Case - $1.5m (+21.1%)

Shearman - $1.48m (+14%)

Townsend - $1.44m (+6%)

Dewey - $1.44m

Orrick - $1.43m (+15%)

LeBoeuf - $1.43m (+8%)

Kaye Scholer - $1.41m (+10%)

McDermott - $1.4m (+10%)

King & Spaudling - $1.312m (+25%)

Wilson Sonsini - $1.3m (+30%)

Sidley - $1.3m (+6%)

Jeffer Mangels - $1.25m (-14%)

Morgan Lewis - $1.24m (+24%)

Munger - $1.22m (+12%)

Bingham - $1.22m (+0%)

Howrey - $1.2m (+28%)

Greenberg Traurig - ~$1.2m

MoFo - $1.13m (+8%)

DLA (US only) - $1.12m (+14%)

Loeb - $1.175m (+27%)

Akin Gump - ~$1.1m (+14%)

Manatt - $1.1m(+6%)

Sheppard Mullin - $1.025m (+4%)

Heller Ehrman - $1.035m (+17%)

Finnegan - ~$1m (+~20%)

Cooley Godward - ~$1.0m (+10%)

Reed Smith - $940k (+17%)

Jones Day - ~$900k

Pillsbury - $875k (+14%)

Allen Matkins - $740k (+10%)

Duane Morris - $728k (+8%)

Sedgwick - $705k (+11%)

Pepper Hamilton - $647k (+3.4%)

Luce Forward - $565k (+3%)

Buchanan Ingersoll - $522k (+14%)

Knobbe - $515k (-1%)

Littler Mendelson - ~$463k (+4%)

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412059)





Date: January 13th, 2007 5:13 PM
Author: Doobsian laser beams

GT's moving up in teh world.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412067)





Date: January 13th, 2007 5:17 PM
Author: elite slippery parlour



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412087)





Date: January 13th, 2007 5:12 PM
Author: bistre pervert volcanic crater
Subject: Recorder article on SF firms

The Recorder

January 10, 2007

FIRMS SURF M&A WAVE: CORPORATE WORK, LITIGATION BOOST PROFITS FOR MANY MAJOR

FIRMS

NEWS

By Zusha Elinson

The rising tide of M&A deals lifted law firms' bottom lines in 2006, swelling revenue for some firms and keeping others afloat.

'Put a 'B' for billion in the M&A column,' said Morrison & Foerster Chairman Keith Wetmore, whose firm advised on a number of billion-dollar deals last year.

While corporate lawyers were well-occupied, securities litigators got their own boost from corporate clients eager to cleanse themselves of backdating scandals. IP and mass tort litigators were also busy in 2006.

The trends brought big returns for most leading firms, according to The Recorder 's annual survey of California firm finances. More than a dozen firms with major California practices have released financial data thus far, and most reported double-digit gains in revenue from the previous year.

Nearly every firm reported two-digit growth in profit per equity partner, but fewer reported such high increases in revenue per lawyer -- a number that some legal industry observers say gives the best picture of a law firm's economic standing.

'I think that revenue per lawyer is the most accurate measure of a firm's financial health,' said Richard Gary, a law firm consultant with Gary Advisors. 'Profits per equity partner are subject to manipulation and can be all over the map.'

Quinn Emanuel Urquhart Oliver & Hedges boosted RPL 29 percent. With headcount up 20 percent, and some large contingency fees coming in, that helped push the firm's 2006 revenue up a whopping 54 percent to $298 million.

At Pillsbury Winthrop Shaw Pittman, revenue was up just 1 percent as it shed more than 111 lawyers, including 37 partners. But that helped the firm improve its RPL 16 percent, to $770,000.

'We are indeed a leaner firm than we were a year ago -- but that has made us more nimble and efficient and allowed us to draw more effectively on our talented partners and market-leading practices, which is why, despite fewer lawyers, our revenue exceeded what we earned last year, and profits rose considerably,' said new chairman James Rishwain Jr. 'Many lawyers who left were conflicted out as a result of the 2005 merger with Shaw Pittman.'

MoFo boosted its RPL as well -- by working its lawyers harder. The firm's headcount grew just 1 percent, but its revenue swelled 13 percent to $774 million, and RPL increased 12 percent to $820,000.

'We had capacity for our existing team to work a little harder, so we wanted to make sure that everyone's plate was full before adding more lawyers,' said MoFo's Wetmore, adding that recruits were at a premium in 2006.

Littler Mendelson saw RPL increase 10 percent.

It was a different story at Fenwick & West, where revenue per lawyer was up just 2 percent, one of the lowest among the firms that have compiled year-end results thus far. Revenue was up 5 percent even though other Silicon Valley firms, like Wilson Sonsini Goodrich & Rosati and Cooley Godward Kronish, saw double-digit increases, thanks in part to the hot deal market.

Managing Partner Gordon Davidson said that a challenge for Fenwick, known for its emerging companies practice, is replacing those clients when so many are being acquired. Still, M&A deal flow 'continued strong for the fourth consecutive year,' he said.

THE PROFITS PICTURE

Several firms reported PPP above $1 million. Quinn Emanuel topped the list with $2.43 million, followed by Orrick, Herrington & Sutcliffe at $1.43 million -- a 15 percent jump from the previous year.

At Orrick, revenue was up 20 percent to $666 million in part because of its rapid expansion last year. The firm added offices and 116 lawyers, bringing the headcount to 839 -- a 16 percent spike from 2005. Though the new lawyers brought in revenue, the new offices brought in more bills.

'Our revenues are great, but we would have been more ahead without those investments,' said Orrick's Ralph Baxter Jr., whose firm posted a 4 percent gain in RPL.

Wilson saw the most dramatic growth in PPP, which shot up 30 percent to $1.3 million -- due in part to 35 fewer equity partners, according to the firm's 2006 calculations.

'We have one category of partners -- they're equity partners,' said Wilson CEO John Roos. 'We really don't agree with the definition [that ALM uses].'

This year, though, the firm decided to apply the American Lawyer magazine rules, under which 31 partners qualify for nonequity status.

'We sat there and said, 'This is the definition, and let's just apply the definition to be consistent with what's out there. There wasn't any particular reason [to do so this year].'

Pillsbury's PPP picked up 14 percent to $875,000, even as it reported a 40 percent increase in its number of equity partners.

In 2005, when Pillsbury's profits and revenue were flat, the firm reported a big dip in the number of equity partners.

'Increased profitability simply placed more of our partners into the equity range, as measured by Am Law,' Rishwain said. Under Am Law rules, nonequity partners are those whose guaranteed income makes up more than half their total compensation.

MoFo's PPP increased 8 percent to $1.13 million, even while the firm's equity partner ranks swelled by 10 percent. In 2005, the firm shifted about 50 partners from equity to nonequity status.

Reed Smith boosted PPP 17 percent to $940,000.

Littler saw a modest increase in PPP, which was up 4 percent. The San Francisco-based employment firm increased headcount 10 percent as it added six new offices. Revenue was up 20 percent.

Two firms -- Cooley and Heller Ehrman -- reported that their PPP had topped $1 million for the first time. Cooley's PPP grew 10 percent, even though the firm saw more than a 10 percent increase in its number of equity partners.

At Heller, revenue and RPL were up modestly. But PPP grew 17 percent, which the firm attributed in part to partner retirement and defections that trimmed the ranks by 9 percent.

Reporter Zusha Elinson's e-mail address is zelinson@alm.com. Reporters Petra Pasternak and Jessie Seyfer contributed to this story.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412064)





Date: January 13th, 2007 5:13 PM
Author: bistre pervert volcanic crater

Reed Smith: http://www.law.com/jsp/article.jsp?id=1168596135443

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412071)





Date: January 13th, 2007 5:14 PM
Author: Puce Theater Athletic Conference

littler is so TTT. sweet irony, a firm that works exclusively to screw over employees does the same thing to its own attorneys

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412075)





Date: January 13th, 2007 5:19 PM
Author: elite slippery parlour

this is profits per partner

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412101)





Date: January 13th, 2007 5:22 PM
Author: Puce Theater Athletic Conference

I know but they also pay real shitty to their associates. so it's funny that everyone is getting screwed there

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412122)





Date: January 13th, 2007 5:24 PM
Author: elite slippery parlour

it is also funny that there are associates at WLRK who get paid more than the average partner at littler

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412131)





Date: January 13th, 2007 5:25 PM
Author: Rusted Rough-skinned New Version

At least it the major markets. I know that their Atlanta office pays the same as other big firms there.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412135)





Date: April 15th, 2007 7:13 AM
Author: passionate plaza french chef
Subject: Compilation of Negative Links About R.D. and Michael Fertik

Reputation Defender Michael Fertik http://www.repdefender.ytmnd.com

http://www.autoadmit.com/thread.php?thread_id=611106&mc=2&forum_id=2

http://media.www.hlrecord.org/media/storage/paper609/news/2007/04/05/News/Autoadmit.Lifts.Veil.Of.Anonymity-2826053.shtml

Michael Fertik http://www.xoxohth.com/thread.php?thread_id=612051&mc=19&forum_id=2

Mike Fertik http://snarkybastards.com/index.php/category/the-law-is-an-ass-an-idiot/page/2/

ReputationDefender http://www.encyclopediadramatica.com/index.php/Michael_Fertik

http://positiveliberty.com/category/the-bureau/page/2/ Michael Fertik Reputation Defender

Mike Fertik http://www.youtube.com/watch?v=yYEHkXJmsO0 Reputation Defender

ReputationDefender http://www.hlrecord.org/news/2005/03/17/Etc/Fenno-896966.shtml Michael Fertik Reputation Defender

ReputationDefender http://authorskeptics.blogspot.com/2004/11/professor-tribe-new-harvard-law-record.html Mike Fertik

Reputation Defender ReputationDefender http://forum.mamboserver.com/showthread.php?t=62768&page=2 Michael Fertik ReputationDefender

ReputationDefender http://www.autoadmit.com/thread.php?thread_id=612051&mc=19&forum_id=2 Mike Fertik ReputationDefender

http://bamber.blogspot.com/2007_01_01_archive.html Mike Fertik

Reputation Defender ReputationDefender http://www.positiveliberty.com/2007/01/irony-at-cada-vez.html Michael Fertik

Mike Fertik http://www.metafilter.com/57676/Just-this-site-alone-would-make-them-millionaires

http://media.www.hlrecord.org/media/storage/paper609/news/2004/11/04/Etc/Fenno-795548-ReputationDefender page3.shtml Mike Fertik

Reputation Defender Michael Fertik http://www.repdefender.ytmnd.com

ReputationDefender Michael Fertik http://snarkybastards.com/index.php/2007/01/25/irony-deficient-no-more/

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http://www.positiveliberty.com/2007/03/reputation-defender-continued.html Mike Fertik

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http://www.xoxohth.com/thread.php?thread_id=591603&mc=18&forum_id=2

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ReputationDefender http://www.autoadmit.com/thread.php?thread_id=612051

http://onlinereputation.googlepages.com/casestudy3



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7934810)





Date: January 13th, 2007 5:17 PM
Author: Adulterous vibrant sound barrier

Is Quinn's increase based on their contingency work again?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412089)





Date: January 13th, 2007 5:18 PM
Author: bistre pervert volcanic crater

Yeah, see the Recorder article that I posted. This makes them only the second non-NY firm to break $2m though (after Kirkland last year).

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412095)





Date: January 13th, 2007 5:25 PM
Author: opaque geriatric gay wizard

What kind of contingency work are they taking?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412138)





Date: January 13th, 2007 5:32 PM
Author: bistre pervert volcanic crater

Patent disputes, I believe.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412158)





Date: January 13th, 2007 5:36 PM
Author: opaque geriatric gay wizard

Do you know what percentage they take for those cases? Is it 30% like PI?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412177)





Date: January 13th, 2007 5:39 PM
Author: bistre pervert volcanic crater

I assume so but search Westlaw for an AmLaw or Recorder article on this.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412190)





Date: January 13th, 2007 5:19 PM
Author: trip frozen home

http://www.thelawyer.com/cgi-bin/item.cgi?id=123605

£462,000 = ~$900,000

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412099)





Date: January 13th, 2007 5:21 PM
Author: bistre pervert volcanic crater

I'll post it, although it's not really clear from the article if they might be referring to just Jones Day London or last year's numbers or both.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412112)





Date: January 13th, 2007 5:24 PM
Author: trip frozen home

Last year was 401,000 pounds.

http://www.thelawyer.com/global100/2005/pep.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412129)





Date: January 13th, 2007 5:25 PM
Author: bistre pervert volcanic crater

That sounds about right for the Jones Day PPP I had for last year. Thanks.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412134)





Date: January 13th, 2007 5:28 PM
Author: trip frozen home

Yeah, its a 15% increase, which is in line with most of the other firms.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412147)





Date: January 13th, 2007 5:29 PM
Author: pungent motley toilet seat

Wait, JD is only paying 400K PPP in the US?!

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412149)





Date: January 13th, 2007 5:35 PM
Author: trip frozen home

That's in pounds.

Its about ~900K USD.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412169)





Date: February 15th, 2007 11:42 AM
Author: Underhanded foreskin

less than that. more like 750k USD

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608224)





Date: January 13th, 2007 5:20 PM
Author: Puce Theater Athletic Conference

the global 100 is interesting when you consider exchange rates. guess foreign companies are taking advantage of the low cost

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412104)





Date: January 13th, 2007 5:26 PM
Author: pungent motley toilet seat

Faegre is such a TTT.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412145)





Date: January 13th, 2007 9:27 PM
Author: Thirsty station cuckold

I would pick Faegre over Dorsey. Most would.

hth.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413650)





Date: January 13th, 2007 5:31 PM
Author: pungent motley toilet seat

Wachtell - $3.79m (+8.3%)

Cravath - $2.600m (+17.9%)

Cadwalader - $2.545m (+20.6%) / $2.025m

Paul Weiss - $2.475m (+14.8%)

Sullivan - $2.410m (+2.6%)

Simpson - $2.370m (+1.7%)

Cahill - $2.285m (-6.9%) / $2.255m

Kirkland - $2.120m (+7.3%) / $1.160m

Milbank - $2.020m (+6.3%) / $1.935m

Davis - $2.000m (-0.2%)

Cleary - $1.960m (+14.3%)

Quinn - $1.96m (+1%)

Skadden - $1.910m (+10.1%)

Schulte - $1.900m (+4.7%) / $1.885m

Weil - $1.830m (+7.6%) / $1.535m

Willkie - $1.790m (+9.1%)

Debevoise - $1.675m (+10.9%)

Gibson - $1.635m (+7.9%)

O'Melveny - $1.615 (+23.3%) / $1.515m

Latham - $1.600m (+13.9%) / $1.400m

Dechert - $1.560m (+26.3%) / $1.195m

Irell - $1.5m (-3%)

Shearman - $1.385m (+20.4%) / $1.335m

Kramer Levin - $1.375m (+13.6%) / $1.150m

LeBoeuf - $1.32m (+14.2%) / $1.095m

Paul Hastings - $1.325m (+12.8%) / $1.205m

Kaye Scholer - $1.285m (+8.9%) / $1.260m

McDermott - $1.280m (+7.6%) / $825k

Goodwin Proctor - $1.245m (+6.9%) / $1.005m

Orrick - $1.240m (+13.8%) / $865k

Fried Frank - $1.240m (+7.4%)

White & Case - $1.240m (+1.6%) / $1.075m

Sidley - $1.235m (+21.1%) / $890k

Dewey - $1.225m (-0.4%) / $1.070m

Proskauer - $1.220m (+7.0%) / $1.190m

Bingham - $1.220m (+6.1%) / $780k

Stroock - $1.145m (+8.0%)

Winston - $1.115m (+13.2%) / $675k

Hughes Hubbard - $1.100m (+8.4%)

Gunderson - $1.1m

Greenberg Traurig - $1.090m (+10.7%) / $610k

Munger - ~$1.08m (+4%)

Ropes - $1.080m (+1.9%)

Vinson - $1.070m (+19.6%) / $940k

Dickstein - $1.065m (+30.7%) / $840k

King & Spaulding - $1.050m (-10.6%) / $820k

MoFo - $1.050m (+27.3%) / $835k

DLA Piper - $1.000m / $645k

Morgan Lewis - $1.000 (+11.1%) / $780k

Manatt - $1.03m (+12%)

Wilson Sonsini - $980k (+13.3%)

Covington - $975k (+18.2%)

Akin Gump - $965k (+8%) / $800k

Chadbourne - $965m (-3.5%) / $725k

Howrey - $960k (+23.9%) / $690k

Mayer Brown - $955k (+5.5%)

Katten Muchin - $935k (+9.4%) / $655k

Loeb - $926k (+30%)

WilmerHale - $915k (+5%.2)

Cooley Godward - $910k (+7.1%) / $890k

Baker Botts - $905k (+4.6%) / $860k

Fish & Richardson - $905k (+15.3%) / $660k

Hogan - $905k (+9.7%) / $725k

Heller - $885k (+3.5%) / $745k

Fenwick - $905k (-3%)

Heller - $885k (+4%) / $745k

Finnegan - $870k (-2.8%) / $805k

Steptoe - $855k (+8.9%)

Thelen Reid - $850k (+44.1%) / $685k

Foley - $845k (+13.4%) / $610k

Arnold & Porter - $835k (+0.6%)

Mintz Levin - $835k (+4.4%) / $550k

Alston & Bird - $810k (-13.4%) / $580k

Reed Smith - $800k (+20.3%) / $530k

Sonnenschein - $800k (+11.1%) / $560k

Sutherland - $800k (+12.7%) / $715k

Sheppard - $785k (+15%) / $725k

Wilson Elser - $775k (+6.9%) / $525k

Pillsbury - $765k (-1.9%) / $545k

Baker McKenzie - $760k (+16.9%)

Kirkpatrick - $725k (+9.0%) / $510k

Jones Day - $720k (+8.3%) / $700k

Fulbright - $715k (+6.7%)

Jenner - $710k (+7.6%) / $700k

Andrews Kurth - $705k (+7.6%) / $610k

Duane Morris - $675k (+18.4%) / $475k

Hunton & Williams - $670k (+4.7%) / $575k

Allen Matkins - $675k (+16%)

Sedgewick - $640k (-7%)

Pepper Hamilton - $625k (+5.0%) / $535k

Squire Sanders - $625k (+3.3%) / $510k

Patton Boggs - $620k (-2.4%) / $510k

Bryan Cave - $615k (+15.0%) / $490k

Kilpatrick - $615k (+2.5%) / $500k

Perkins Coie - $610k (+22.0%) / $460k

McGuireWoods - $605k (0%)

Seyfarth Shaw - $600k (+12.1%) / $490k

Edwards Angell - $600k / $545k

Venable - $595k (+7.2%) / $480k

Drinker Biddle - $575k (+15.0%) / $520k

Blank Rome - $570k (+5.6%) / $485k

Nixon Peabody - $570k (+3.6%) / $500k

Troutman - $550k (+6.8%) / $425k

Baker & Hostetler - $535k (-1.8%) / $445k

Shook Hardy - $520k (+9.5%) / $400k

Womble Carlyle - $515k (-8.0%) / $385k

Buchanan Ingersoll - $485k (+20%)

Dorsey - $485k (+1.0%) / $435k

Holland & Knight - $480k (+7.9%) / $375k

Cozen O'Connor - $470k (+2.2%) / $370k

Littler - $445k (+2%)

Faegre & Benson - $410k (+9.3%)

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412156)





Date: January 13th, 2007 5:33 PM
Author: bistre pervert volcanic crater

Why are you copying last year's numbers?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412161)





Date: January 13th, 2007 5:34 PM
Author: pungent motley toilet seat

Because it's annoying having to click the link to read last year's numbers.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412164)





Date: January 13th, 2007 5:38 PM
Author: bistre pervert volcanic crater

Tried using a tabbed browser? So now I have your post taking up like half the thread, plus you didn't title it so I didn't know what it was at first. But whatever.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412185)





Date: January 13th, 2007 8:13 PM
Author: sadistic national striped hyena

agreed. that was super idiotic.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413197)





Date: January 13th, 2007 5:34 PM
Author: Puce Theater Athletic Conference

why do people with top grades and clerkships go to munger?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412162)





Date: January 13th, 2007 5:36 PM
Author: bistre pervert volcanic crater

http://www.xoxohth.com/thread.php?thread_id=512208&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412174)





Date: January 13th, 2007 5:38 PM
Author: elite slippery parlour

because they don't have the cajones to work for a real firm

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412186)





Date: January 13th, 2007 5:41 PM
Author: Milky Harsh Bbw Death Wish

there is no way Jones Day is that high. look at their Atlanta office.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412201)





Date: January 13th, 2007 5:44 PM
Author: bistre pervert volcanic crater

The link is above. I mentioned that it might be for just the London office, but I'll keep it there until another link reports differently.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412217)





Date: January 13th, 2007 8:16 PM
Author: judgmental chapel

When does the total ppp list come out?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413211)





Date: January 13th, 2007 8:20 PM
Author: bistre pervert volcanic crater

Last year it was May/June.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413240)





Date: January 14th, 2007 10:47 PM
Author: federal school cafeteria

Fine by me.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420600)





Date: January 14th, 2007 10:15 PM
Author: Rusted Rough-skinned New Version

Why isn't Knobbe Martin on the list? I thought that firm paid a lot?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420292)





Date: January 14th, 2007 11:24 PM
Author: bistre pervert volcanic crater

I've heard that seniors and partners don't make very much there, since it's more of a lifestyle place.

The numbers are all self-reported, anyway, and a lot of smaller firms don't report. I have Gunderson on last year's list because there was an article on them, but they aren't on the actual AmLaw 200 table.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420998)





Date: January 25th, 2007 9:19 AM
Author: bistre pervert volcanic crater
Subject: Dechert

Dechert: http://www.law.com/jsp/article.jsp?id=1169632957125

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482403)





Date: January 25th, 2007 9:21 AM
Author: Stubborn salmon rehab masturbator

Bump to $160k in Philadelphia? Yeah right.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482408)





Date: January 25th, 2007 9:23 AM
Author: bistre pervert volcanic crater

You don't get to $2m PPP by being generous!

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482411)





Date: January 25th, 2007 10:15 AM
Author: wild background story

How did a shitty firm like Dechert end up being so profitable? They're Philly-based, for crying out loud!

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482580)





Date: January 25th, 2007 10:23 AM
Author: dashing dark area scourge upon the earth

seriously. dechert? wtf? they put MUNGER to shame

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482623)





Date: January 25th, 2007 10:40 AM
Author: bistre pervert volcanic crater

Charlie Munger could single-handedly double MTO's PPP just by handing out a couple shares of Berkshire to each partner.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482725)





Date: January 25th, 2007 10:29 AM
Author: Impertinent crackhouse

they got the most of the merck vioxx work and had a big piece of the phen-fen litigation

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482663)





Date: February 8th, 2007 11:57 AM
Author: Underhanded foreskin

i thought hughes hubbard was doing most of the vioxx work

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7566280)





Date: January 25th, 2007 10:09 AM
Author: Big trailer park

Thanks for the link -- but how were you able to get to the Legal Intelligencer's content? I thought it was password protected. Is there a way to access the Legal Intelligencer online without a password?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482559)





Date: January 25th, 2007 10:22 AM
Author: bistre pervert volcanic crater

It was on law.com today -- I think every day there are one or two articles that you can access without a password, and if it's on law.com you're in luck (same thing with the Cali paper, the Recorder)

I also just search Westlaw from time to time.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482620)





Date: January 25th, 2007 10:16 AM
Author: spectacular submissive hunting ground

Anyone have a link to the PPP stats for the Magic Circle?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482586)





Date: January 25th, 2007 10:24 AM
Author: bistre pervert volcanic crater

I thought it hadn't been reported yet, but I did a quick search and might have something. Give me a sec.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482631)





Date: January 25th, 2007 10:26 AM
Author: bistre pervert volcanic crater

Nevermind. There was some mention of Linklater's PPP for 2006 but that was only up to May 2006, so that info was in last year's chart already.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482648)





Date: January 25th, 2007 10:34 AM
Author: spectacular submissive hunting ground

Thanks anyway.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482694)





Date: January 25th, 2007 10:39 AM
Author: bistre pervert volcanic crater

Actually I just realized last year's chart didn't have the numbers for the Magic Circle firms since they are in the "Global 100" list and not the "AmLaw 100" list. Here's an article with the Magic Circle PPP: http://www.thelawyer.com/cgi-bin/item.cgi?id=120843&d=11&h=24&f=46 (scroll to the bottom)

Numbers are in pounds. If you want to see how they stack up in dollars, check Westlaw for the Global 100 issue -- I can't search for it right now.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482720)





Date: January 25th, 2007 10:47 AM
Author: spectacular submissive hunting ground

ty, ty.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482755)





Date: February 3rd, 2007 12:12 AM
Author: bistre pervert volcanic crater

Cadwalader: http://www.law.com/jsp/nylj/PubArticleNY.jsp?hubtype=TopStories&id=1170410593356

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7535183)





Date: February 5th, 2007 6:42 PM
Author: Walnut hairraiser associate

Susman Godfrey - 3.9mil

http://www.accessmylibrary.com/coms2/summary_0286-14975961_ITM

Down a little bit from 05, but the article doesn't say how much exactly. Net profits were down about 10%

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7549764)





Date: February 5th, 2007 10:46 PM
Author: bistre pervert volcanic crater

Oh nice, I always wondered what their PPPs were like. But that number is for 2005, not 2006.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7551368)





Date: February 6th, 2007 12:55 AM
Author: Walnut hairraiser associate

Oh shit, you're right. My bad, sorry.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7552295)





Date: February 7th, 2007 10:04 AM
Author: bistre pervert volcanic crater

Paul Weiss, Sidley: http://www.legalweek.com/Articles/1005951/Paul+Weiss+bucks+US+trend+with+modest+results.html

Buchanan Ingersoll: http://www.law.com/jsp/article.jsp?id=1170756166762

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7559729)





Date: February 7th, 2007 10:08 AM
Author: bistre pervert volcanic crater

If anybody can find the Baker numbers referenced in the first link, let me know.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7559738)





Date: February 8th, 2007 11:48 AM
Author: bistre pervert volcanic crater

Gibson: http://www.legalweek.com/Articles/1006164/West+Coast+trio+unveil+mixed+results+for+2006.html

Wilkie, LeBoeuf, Howrey: http://www.legalweek.com/Articles/1006003/US+firms+post+robust+results+as+MA+powers+market.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7566227)





Date: February 9th, 2007 10:27 AM
Author: Mind-boggling locus preventive strike

Munger $1.22 Million (+12%)

Bingham McCutchen $1.22 Million (+0%)

Loeb&Loeb $1.175 Million (+27%)

Manatt $1.1 Million (+6%)

Sheppard Mullin $1.025 Million (+4%)

Sedgwick $705,000 (+11%)

Allen Matkins $740,000 (+10%)



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572101)





Date: February 9th, 2007 11:14 AM
Author: bistre pervert volcanic crater

Source?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572300)





Date: February 9th, 2007 11:17 AM
Author: Mind-boggling locus preventive strike

You don't trust me?

http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572312)





Date: February 9th, 2007 11:20 AM
Author: bistre pervert volcanic crater

I do, just wanted the link. Thanks, I don't know how I missed this page before.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572327)





Date: February 9th, 2007 11:22 AM
Author: Bipolar Pistol

Will Cadwalader beat Cravath in PPP? Consequences?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572335)





Date: February 9th, 2007 12:01 PM
Author: smoky provocative ratface

We already have them beat by the fact that we are too good for yale.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572477)





Date: February 12th, 2007 1:36 AM
Author: bistre pervert volcanic crater

Latham and OMM: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

The numbers for PPP including nonequity partners is my estimate based on PPP * # of equity partners / (# of equity partners + # of non-equity partners). All that info is on the link above.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7587937)





Date: February 21st, 2007 1:00 AM
Author: Mauve beta goyim
Subject: PPP including nonequity

The numerator in the formula needs to be:

(PPP* # of equity partners) + (total comp to non-equity partners)

Otherwise you are ignoring comp paid to non-equity partners, and artificially deflating the number.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7640474)





Date: February 21st, 2007 1:03 AM
Author: bistre pervert volcanic crater

Hm, this makes sense to me. However, I wonder if AmLaw calculates it that way. I would have to pull out numbers from last year and check.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7640501)





Date: February 21st, 2007 7:53 PM
Author: bistre pervert volcanic crater

On further consideration I decided to delete my estimates for PPP including nonequity partners. I still suspect AmLaw calculates it the way I had it -- it is *profit* per partner, after all -- but I agree that it seems to misinterpret the point of PPP as an indicator of partner comp.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645431)





Date: February 21st, 2007 9:06 PM
Author: Mauve beta goyim
Subject: Second Class Citizens

" it is *profit* per partner, after all -- but I agree that it seems to misinterpret the point of PPP as an indicator of partner comp."

It is so easy to forget -- NEP compensation is not salary; it is paid & taxed (to the NEP), and accounted for (by the firm) as allocation/distribution of partner profits.

The measure we usually call PPP is really PEP, which is: money left over after spending on everything but EP comp, divided by # of EPs.

PPP including NEPs (if we used "PPP" literally, it should include NEPs anyway, but we never use the term that way), would draw the circle around all the partners, including the sham . . sorry, non-equity partners. It would be: money left over after spending on everything but all partner comp, divided by all partners.

I bet AmLaw does it correctly. I know The Lawyer.com does it right for UK firms.



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645897)





Date: February 21st, 2007 9:30 PM
Author: bistre pervert volcanic crater

The reason that I'm not sure AmLaw does it properly is because they are dependent on the firms to give them the info. Now there's a couple reasons why firms wouldn't give the info. First of all they have no real requirement to do so. But more importantly, AmLaw's definition of NEP is their own definition. They define it as any partner who gets 50% of their comp in salary instead of profits or something like that. Not every firm defines nonequity partner that way. So AmLaw would probably get a big mish-mash of results if you tried asking for that info.

However, AmLaw does know 1) total profits and 2) total equity partners and 3) total non-equity partners that match their definition so that's why I think they might take the easy way out.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7646033)





Date: February 21st, 2007 9:12 PM
Author: Mauve beta goyim
Subject: NEP Comp

This actually raises an interesting point about information in the market.

Associate salaries and bonuses are generally widely broadcast, precise to the last $. Profits per Equity Partner is published annually by a major trade publication(though some gaming of the accounting does go on).

But NEP comp is an information black hole. The two-tier structure is getting more common, and I bet NEP will be a more likely place than EP for people to end up, but there is no information -- barely even rumors -- on NEP comp.

Why is that?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645927)





Date: February 21st, 2007 9:31 PM
Author: bistre pervert volcanic crater

Couple of posts here and there about Kirkland's NEP comp. I'll have to look for it again, I think it's on my blog somewhere.

You could also make the point that there aren't very many detailed explanations of equity partner compensation either. The most detailed one I have is Latham's which was posted on Greedy Junior Partners a while ago.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7646046)





Date: February 22nd, 2007 9:29 AM
Author: bistre pervert volcanic crater

Here is KirklandTroll's estimate of non-equity partner comp at Kirkland: http://www.xoxohth.com/thread.php?thread_id=514615&mc=2&forum_id=2#6955825

Here is the Latham partner compensation post that I was referring to: http://www.xoxohth.com/thread.php?thread_id=548302&mc=26&forum_id=2#7249655



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7648385)





Date: February 12th, 2007 1:41 AM
Author: bistre pervert volcanic crater

Added in estimates of PPP including nonequity partners for WSGR, MoFo, Heller, and Orrick (see also the Recorder article above).

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7587971)





Date: February 12th, 2007 10:42 PM
Author: bistre pervert volcanic crater

McDermott: http://www.legalweek.com/Articles/1007236/PEP+up+10+as+McDermott+posts+2006+results.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7592978)





Date: February 13th, 2007 10:11 AM
Author: bistre pervert volcanic crater
Subject: Recorder article on LA firms

The Recorder

Vol. 131st Year 29

MONDAY, february 12, 2007, No. 29

Copyright 2007 by American Lawyer Media, ALM, LLC

February 12, 2007

PALM TREES & PROFITS: L.A. FIRMS REPORT STRONG REVENUE GAINS, SO-SO RPL GROWTH

NEWS

By Kellie Schmitt

The Recorder

LOS ANGELES -- A boost in M&A deals and intellectual property work propelled revenue and profits ever higher at major L.A.-based law firms in 2006. But most firms saw more measured growth in revenue per lawyer.

Even at the biggest firm in the state -- Latham & Watkins, where revenue was up 15 percent and profits up 16 percent -- the firm's revenue per lawyer advanced just 5 percent.

Firms cited a variety of reasons why growth in RPL may be slowing, not least of which is that it's been soaring for several years running.

'There's nothing wrong with single digits,' said Newport Beach-based consultant Peter Zeughauser. 'We've just gotten spoiled.' That may sound good to O'Melveny & Myers, because single digits was all it could muster: Profits per partner and revenue per lawyer increased by just one percent.

Chairman Arthur Culvahouse attributed those middling results to a 'lumpy year' for the transactional practice.

'We were better at realization and our rates were higher, but we didn't have the hours,' he said. 'It wasn't until the last couple months that all of our 13 offices seemed busy at the same time.'

Gibson, Dunn & Crutcher was somewhere in the middle, with RPL and headcount each up four percent, boosting revenue 8 percent.

Zeughauser said firms have been adding capacity, which brings down RPL in the short term but is still a positive. 'It shows they feel the work will be there, and they're staffing up for it,' he said.

Despite a slow year for bankruptcy, Sheppard, Mullin, Richter & Hampton's corporate and IP practices drove revenue up 14 percent, Managing Partner Guy Halgren said.

Sheppard, Mullin's RPL was also up just 1 percent. Halgren said billing rates leveled off, and the firm spent more on new offices and technology upgrades.

'To some extent, this was a year of investment,' Halgren said.

Munger, Tolles & Olson, which boosted headcount 14 percent, also reported flat RPL figures, though they, like Gibson, are above $1 million. To put that in perspective, it means the average lawyer at those firms would have billed at least 2,000 hours at $500 an hour.

Two firms kept a lid on hiring, and as a result netted larger gains in RPL. Manatt, Phelps & Phillips added just one lawyer, boosting RPL 8 percent. Likewise, headcount at Allan Matkins Leck Gamble Mallory & Natsis was up 3 percent, allowing the firm to boost RPL 8 percent.

But Loeb & Loeb was able to blow through almost all the metrics. The firm posted a 23 percent increase in revenue, and a 27 percent increase in profits on double-digit headcount growth. RPL was up 6 percent.

'We had a significant increase last year as well -- it's a two-year trend rather than something aberrational,' said Loeb Co-Chairman John Frankenheimer. He attributed the growth to Loeb's long-term plan to be mid-sized and focused.

Growth isn't an aberration for Latham, either. The firm, which has 625 lawyers in California alone, saw revenue top $1.5 billion.

'The remarkable thing is that there was no particular area that spiked -- it was an across the board performance,' said Latham & Watkins Chairman Robert Dell said, adding that the firm's offices in Asia and Europe saw higher growth than in previous years. 'We grew the revenue base quite significantly without a merger, and only added 3 percent to the equity partnership.'

The Big Numbers

O'Melveny and Gibson, Dunn came in a distant second and third in overall revenue, at $869 million and $809 million respectively.

Gibson Managing Partner Kenneth Doran pointed to 'extraordinarily strong' litigation and arbitration in Europe as well as the firm's appellate group, which 'was definitely one of the strongest in the country last year,' he said.

O'Melveny's Culvahouse, meanwhile, blamed the firm's flat profits in part on a slow transactional year -- private equity clients were gathering money, he said, not making deals. Jeffrey Skilling, the former Enron executive, didn't help either.

'Our commitment to the Skilling team exceeded the financial return,' Culvahouse said. 'Jeff Skilling asked us to represent him and we continued to put our best team on the field, notwithstanding the fact that circumstances made it very difficult for him to pay us full value.'

Munger, Tolles' gross revenue climbed 14 percent, and PPP was up 11 percent. Along with busy corporate and litigation practices, Co-Managing Partner Bart Williams pointed to 'a tremendous year' in the intellectual property arena.

Manatt's 8 percent increase in revenue was primarily a result of strong performance in litigation, particularly intellectual property, as well as robust M&A and capital markets, said Managing Partner William Quicksilver.

Luce, Forward, Hamilton & Scripp's 11 percent revenue gain was the result of strong real estate and insurance litigation tempered by a slower bankruptcy practice in San Diego, said Robert Bell, the managing partner. They were able to raise billing rates about five percent last year: 'We're a real bargain so we have a lot of room -- [rates] haven't been a problem for our clients,' Bell said.

Quinn Emanuel Urquhart Oliver & Hedges reported last month that revenue soared more than 50 percent.

Paul, Hastings, Janofsky & Walker's fiscal year ended Jan. 31 and financial results still aren't available. But Chairman Seth Zachary said the firm is 'very bullish' about its financials, adding 'our revenue per lawyer will be way up this year,' as well as gross revenue and profits per partner.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7595016)





Date: February 15th, 2007 12:52 AM
Author: bistre pervert volcanic crater

Cleary: http://www.legalweek.com/Articles/1007829/Cleary+breaks+2m+PEP+but+posts+modest+turnover+rise.html

Weil: http://www.legalweek.com/Navigation/20/Articles/1007995/Germany+leads+way+as+Weil+unveils+'06+results.html

White & Case: http://www.thelawyer.com/cgi-bin/item.cgi?id=124178&d=122&h=24&f=46 and http://www.thelawyer.com/cgi-bin/item.cgi?id=124194&d=122&h=24&f=46

Dewey: http://www.thelawyer.com/cgi-bin/item.cgi?id=124205&d=122&h=24&f=46

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7606928)





Date: February 15th, 2007 10:25 AM
Author: bistre pervert volcanic crater

Paul Hastings: http://www.thelawyer.com/cgi-bin/item.cgi?id=124285&d=122&h=24&f=46

Pretty impressive year. Apparently the foreign offices are really starting to pay off.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7607945)





Date: February 15th, 2007 11:34 AM
Author: Mind-boggling locus preventive strike

"Chairman Seth Zachary said the [London] office was the firm’s “busiest” during 2006, with the office’s 40 lawyers recording an average of 1,900 billable hours - 5 per cent higher than the firm’s global average."

That's downright liveable.



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608188)





Date: February 15th, 2007 11:36 AM
Author: bistre pervert volcanic crater

Actually I'm starting to wonder if the global firms are getting a lot of their growth through the declining dollar.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608197)





Date: February 16th, 2007 4:07 PM
Author: autistic lemon hominid state

*ching* give the man a big wheel of dutch cheese

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615651)





Date: February 15th, 2007 10:28 AM
Author: bistre pervert volcanic crater

Irell and Knobbe Martens: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

Note that the number of partners at Irell went down by 4%, so this would inflate PPP a bit.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7607955)





Date: February 16th, 2007 3:46 PM
Author: bistre pervert volcanic crater

Morgan Lewis and Jeffer Mangels: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

I don't know much about Jeffer, but apparently even with a 14% decline in PPP, they're still making more money than Munger.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615509)





Date: February 16th, 2007 4:04 PM
Author: Flirting Lilac School Turdskin

http://www.averyindex.com/2007_schiltz.php

I think these are this year's numbers. It lists PPP as 120-180.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615633)





Date: February 16th, 2007 4:29 PM
Author: bistre pervert volcanic crater

They are 2005 at best, given that most of these firms haven't announced 2006 numbers yet.

EDIT: Actually yeah, they match the rankings for the 2005 numbers, so that is most likely what he used.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615792)





Date: February 17th, 2007 11:52 AM
Author: bistre pervert volcanic crater

Sherman: There is some confusion over the numbers, as noted here: http://www.thelawyer.com/cgi-bin/item.cgi?id=124293&d=122&h=24&f=46

However, I've used that number instead of the alternative here: http://www.legalweek.com/Articles/1008726/Profits+surge+at+Shearman+but+fee+income+static.html

The second article notes that Shearman's PPP increase is at least partly due to a reduction in the number of equity partners.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7619044)





Date: February 17th, 2007 11:54 AM
Author: bistre pervert volcanic crater

King & Spaulding: http://www.marketwire.com/mw/release_html_b1?release_id=216554

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7619049)





Date: February 19th, 2007 12:28 PM
Author: bistre pervert volcanic crater

Akin Gump: http://www.thelawyer.com/cgi-bin/item.cgi?id=124326&d=122&h=24&f=46

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7629821)





Date: February 21st, 2007 7:48 PM
Author: bistre pervert volcanic crater

Pepper Hamilton: http://www.law.com/jsp/article.jsp?id=1171965783064

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645397)





Date: February 21st, 2007 7:50 PM
Author: bistre pervert volcanic crater

Debevoise: http://www.thelawyer.com/cgi-bin/item.cgi?id=124394&d=122&h=24&f=46

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645413)





Date: February 22nd, 2007 5:27 PM
Author: fighting kitty cat faggot firefighter

Hmm, I should probably stick this on LFD in chart format.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7651049)





Date: February 26th, 2007 10:51 AM
Author: bistre pervert volcanic crater

Duane Morris: http://www.law.com/jsp/article.jsp?id=1172138585862&pos=ataglance

Finnegan: http://www.law.com/jsp/article.jsp?id=1171360974409

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671236)





Date: February 26th, 2007 11:20 AM
Author: racy rose legend famous landscape painting

"People are concerned that they might not make partner for 10 years," says a current Finnegan associate. "It was explained that there's not enough information at the eight-year mark and that the firm needs more time to evaluate an associate before making them partner. I'm sure that's part of it, but it's not the entire picture."

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671321)





Date: February 26th, 2007 11:58 AM
Author: Marvelous slate telephone
Subject: Cahill PPP

http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Inside&id=1172497084594

2.57m ppp in 2006

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671430)





Date: February 26th, 2007 12:02 PM
Author: bistre pervert volcanic crater

Good catch, thanks.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671449)





Date: February 26th, 2007 12:05 PM
Author: Marvelous slate telephone

thanks for compiling

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671463)





Date: March 6th, 2007 10:27 AM
Author: bistre pervert volcanic crater

Milbank, Kaye Scholer: http://www.legalweek.com/Articles/1013719/Milbank,+Kaye+Scholer+post+strong+'06+numbers.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7715883)





Date: March 6th, 2007 10:31 AM
Author: bistre pervert volcanic crater

Greenberg Traurig: http://www.law.com/jsp/article.jsp?id=1173101898582

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7715896)





Date: March 22nd, 2007 7:52 AM
Author: bistre pervert volcanic crater

Wachtell, Cravath, Sullivan, Skadden, Fried Frank - http://www.legalweek.com/Articles/1017935/MA+boom+drives+Wall+St+elite+to+3m+partner+profits.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7795599)





Date: April 15th, 2007 1:37 PM
Author: sadistic national striped hyena

Re Wachtell, please explain to me how $3.79M (2005) --> $3.9M (2006) is a 10% increase?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935470)





Date: April 15th, 2007 2:01 PM
Author: bistre pervert volcanic crater

Yeah, we never got a good answer to the question: http://www.xoxohth.com/thread.php?thread_id=599706&mc=6&forum_id=2#7795910

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935605)





Date: April 15th, 2007 2:12 PM
Author: sadistic national striped hyena

My guess is legalweek just fucked up. It would be interesting to know the truth, b/c if WLRK's profits remained flat while other firms' profits increased substantially, that could mean that (a) Wachtell is losing market share, or (b) there is some sort of ceiling of profitability beyond which it's hard to push (~$4M), or (c) both.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935685)





Date: April 19th, 2007 12:14 AM
Author: bistre pervert volcanic crater

Legal Week has published their Top 50 list: http://www.legalweek.com/Articles/1022330/International+ambition+drives+as+US+top+50+rakes+in+40bn+in.html

Chart (PDF): http://www.legalweek.com/assets/getAsset.aspx?uiAssetID=10093ca4-0b73-482f-a7ce-9a5365184743

I've added Kirkland, Simpson, and DPW to the OP. Also took out the Wachtell +10% thing since it hasn't been sufficiently resolved (the Legal Week Top 50 chart now claims Wachtell's previous PPP was $3.55m instead of $3.8m).

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960653)





Date: April 19th, 2007 12:57 AM
Author: Twinkling Outnumbered Cuckoldry Crotch

man PPP's = peasant $

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960901)





Date: April 19th, 2007 1:01 AM
Author: bistre pervert volcanic crater

http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-million-blackstones-ppp.html

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960935)





Date: April 19th, 2007 1:15 AM
Author: Twinkling Outnumbered Cuckoldry Crotch

banking > law. Sadly I just realized this now as a 2L, so it's off to finance after I finish my JD, you risk averse fags can work sweatshop hours for 1/10 the pay

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7961045)





Date: April 19th, 2007 9:19 AM
Author: bistre pervert volcanic crater



(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#7962093)





Date: May 7th, 2007 9:46 AM
Author: bistre pervert volcanic crater

Not updating this list anymore. I added the Westlaw cite to the OP for the AmLaw 100 list; I'll replace it with the AmLaw 200 list when that is available.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8076760)





Date: June 5th, 2007 10:17 PM
Author: bistre pervert volcanic crater

Updated OP with the Westlaw cite for the AmLaw 200 list.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218323)





Date: June 5th, 2007 10:41 PM
Author: Obsidian Den

your cite doesn't work

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218525)





Date: June 5th, 2007 11:25 PM
Author: bistre pervert volcanic crater

Hm, I just tried it and it worked for me.

You can just search the AMLAW database for "full profits picture" and it should come up.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218767)





Date: June 11th, 2007 1:19 AM
Author: bistre pervert volcanic crater

Just searched again and they changed the cite, so this one should work now. Updated the OP with the new one.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241435)





Date: June 11th, 2007 1:44 AM
Author: histrionic step-uncle's house

this makes me really sad. The most you can possibly hope for is a measly $4 million a year if everything goes your way? My parents make 7 figures working <30 hours week. This is truly just pathetic.

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241488)





Date: June 11th, 2007 2:10 AM
Author: slimy abode

what type of business?

(http://www.autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241558)