2016 Law Firm Financials
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Poast new message in this thread
Date: January 30th, 2017 10:46 AM Author: passionate light kitty
Firm Revenue RPL PPP Headcount
Kirkland $2.65(15%) $1.51(5.6%) $4.1(14%) 1759(8.6%)
Latham $2.82(6.5%) $1.24(1.9%) $3.06(5.3%) 2280(4.7%)
DavisPolk $1.18(10.3%) $1.3(8.7%) $3.75(12.5%) 907(1.3%)
Paul Weiss$1.22(10.1%) $1.27(13.4%)$4.38(7.1%) 959(1.1%)
GibsonDunn$1.61(4.6%) $1.3(2.4%) $3.28(2.8%) 1,239(2.2%)
Weil $1.27(9%) $1.17 $3.1(22%) 1,083(1.8%)
Milbank $855.5(11%) $1.29(8.4%) $3.12(12.8%) 649(2.3%)
Cahill $382.5(4.9%) $1.29(10.3%)$3.64(8.2%) 296(-5.1%)
FriedFran $556.5(10.3%) $1.27(3.3%) $2.51(13.6%) 440(6.8%)
WilmerHale$1.13(-.6%) $1.28(1.5%) $1.86(3%) 887(-2.2%
Debevoise $735(-2.9%) $1.2(-2.4%) $2.41(-8.2%) 613(NC)
Munger $234.5(-10.2%)$1.2(-6.6%) $1.59(-14.7%)194(-4%)
BakerBott $846.5(20.2%) $1.2(18.3%) $2.5(36.6%) 708(1.3%)
PaulHastin$1.08(1.7%) $1.17(.4%) $2.6(4%) 921(1%)
Fish $407.5(3.2%) $1.17(NC) $1.59(6.7%) 348(3%)
Sidley $1.93(3.4%) $1.05(NC) $2.13(3.1%) 1,836(3.2%)
Akin $980(5.4%) $1.15(4.5%) $2.1(9.6%) 932 (-2.3%)
Cooley $974(6.8%) $1.14(NC) $1.97(4.2%) 854(6.6%)
Schulte $409.5(1%) $1.17(2.2%) $2.39(2.6%) 351(-1%)
Shearman $913(6%) $1.09(5.9%) $2.17(18%) 841(NC)
OMM $725(5.3%) $1.12(3%) $1.95(11%)
Covington $838.5(13%) $1.00(7%) $1.48(16%) 838(5.7%)
VinsonElki$654(4.2%) $1.09(5.3%) $2.03(7.4%) 604(NC)
Goodwin $912(5.4%) $1.08(-1.8%)$1.98(-.5%) 847(7.2%)
FenwickWes$361.5(-.6%) $1.17(-2.9%)$1.49(-8%) 310(2.3%)
Dechert $911.5(2.4%) $995k(-1%) $2.55(1.6%) 916(3.6%)
King&Spaud$1.06(3.8%) $1.05(-3.7%)$2.47(-1.8%) 1005(7.4%)
Cadwalader$452(-2.5%) $1.03(NC) $2.12(2.7%) 438(-2.2%)
WilsonSons$755(2.7%) $1.01(-4.7%)$1.97(-11.1%)745(7.5%)
MoFo $945(-3.5%) $990(-4.8%) $1.41(-9.3%) 956 (1.6%)
ArnoldPort$624.5(-4%) $950(-2.6%) $1.16(-4.5%) 657(-1.4%)
WinstonStr$823(.5%) $1.03(1.5%) $1.83(1.1%) 798(-1.2%)
Orrick $929(1.8%) $985(-1%) $1.68(-6.1%)
AlstonBird$730.5(6.2%) $935(2.2%) $1.81(3.8%) 782(4%)
White&Case$1.63(7.1%) $835(5%) $2.05(1.5%) 1957(2.2%)
KramerLev $352(6%) $1.1(4.8%) $1.99(8.5%) 320(1.6%)
HoganLovel$1.93(6%) $738(2%) $1.25(NC) 2609(3.7%)
Jenner $457.5(-1.6%) $940(-11.7%)$1.745(1.5%) 487(11.7%)
DLAPiper $2.47(-2.9%) $685(1.5%) $1.66(5.4%) 3616(-3.7%)
Crowell $434.5(20%) $985(19.9%) $1.45(40%) 440(NC)
Buckley $132(-9.3%) $936(-7.3%) $2.48(-5.3%) 141(-2.1%)
MayerBrown$1.26(NC) $795(-4.8%) $1.45(-7.1) 1586(5.2%)
Steptoe $356(NC) $955(NC) $940(NC) 373(NC)
Lowenstein$256.6(1.8%) $935(2.2%) $1.58(1%) 274(-.6%)
SheppardMu$607(8.5%) $925(NC) $1.5(3.5%) 655(8.1%)
KayeSchole$320(-13.5%) $911 $1.03(-25.4%)351(-5.1%)
PerkinsCoi$781(4.3%) $850(6.3%) $1.18(7.3%) 921(-1.8%)
AndrewsKur$289(-2.7%) $885(-4.8%) $1.26(2%) 327(2.2%)
Kasowitz $217(-7.5%) $825(-1%) $1.86(1%) 263(-6.7%)
Venable $498.5(5%) $815(1.9%) $1.1(3.9%) 15(2.5%)
HolandKni $803(8%) $750(5.6%) $1.29(3.2%) 1074(2.9%)
LockeLord $559(-6.4%) $745(5.7%) $950(6.7%) 749(-11.6%)
ThompsonKn$213.5(2.9%) $780(2.6%) $985(3.7%) 271(-.4%)
Greenberg $1.38(4.2%) $730(NC) $1.55(4.7%) 1884(4.2%)
McGuireWo $682(4%) $689(2%) $1.01(-4%) 990(2.6%)
TroutmanS $490(4.6%) $750(NC) $1.02(5.2%) 655(4.6%)
DrinkerBid$434.5(6.1%) $780(3.3%) $850 (6.3%) 557(2.4%)
Bracewell $277(-6.6%) $750(5.6%) $1.29(8.4%) 370(-11.3%)
Kilpatrick$416.5(1.2%) $725(1.4%) $915(-1.6%) 573(NC)
FaegreBak $489.5(5%) $745(7.2%) $860(7.5%) 657(-1.9%)
NixonPea $458(-.7%) $740(2.1%) $980(8.3%) 619(-2.4%)
PepperHam $347.5(-10.6%)$715(-8.9%) $730(-28.8%) 485(-1.8%)
ReedSmith $1.08(-4.3%) $700(.7%) $1.1(.5%) 1536(-5.1%)
BakerHost $642.5(1.4%) $700(NC) $965(3.8%) 920(1.7%)
BryanCave $608(-1.5%) $700(2.9%) $865(7.5%) 870(-4.4%)
HayBoo $375(3.6%) $685(-.7%) $930(2.8%) 547(4.4%)
JacksonWal$246.5(11.3%) $710(7.6%) $1.09(20.4%) 347(3%)
McCarter $237(1.7%) $645(3.2%) $750(11.9%) 367(-2%)
Cozen $376(10.1%) $665(3.9%) $770(3.4%) 563(5.6%)
Ballard $342(1.2%) $645(-3%) $605(.8%) 529(4.4%)
CarltonFie$197(-11.7%) $615(-2.4%) $700(-16%) 320(-9.3%)
Shutts $151(2.7%) $600(1.7%) $760(2.7%) 252(1.2%)
Akerman $349(3.6%) $585(-2.5%) $660(-2.2%) 595(5.9%)
Dickinson $209(13%) $510(2%) $550(7%) 411(11.1%)
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32498342) |
Date: February 9th, 2017 8:10 AM Author: passionate light kitty Subject: Baker Botts
The bottom-line numbers were rosy: Gross revenue hit $846.5 million for 2016, compared with $704.5 million in 2015, and net income reached $435 million, from $301 million the prior year. Profits per partner were $2,465,000 in 2016, up from $1,805,000 in 2015, and revenue per lawyer came in at $1,195,000 in 2016, up 18.3 percent from $1,010,000.
http://www.americanlawyer.com/home/id=1202778792945/Revenue-Profits-Soar-at-Baker-Botts-Amid-Contingency-Wins?mcode=1202617075486&curindex=0
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32580173) |
Date: February 10th, 2017 12:54 AM Author: passionate light kitty Subject: Ballard Spahr
Gross revenue was $341.5 million in 2016, up 1.2 percent from $337.5 million in 2015. Profits per equity partner were up very slightly, by 0.8 percent, increasing from $600,000 to $605,000.
But revenue per lawyer fell as the firm grew its head count. RPL was $645,000, a decrease of 3 percent from 2015.
Total lawyers increased by 4.4 percent to 529, while the equity partnership tier shrank 3 percent from 238 to 231. Ballard Spahr does not have a nonequity partner tier.
http://www.americanlawyer.com/home/id=1202778872498/Ballard-Spahr-Sees-Small-Revenue-Bump-as-Profits-Stay-Flat?mcode=1202617075486&curindex=2
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32587883)
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Date: February 10th, 2017 10:09 PM Author: passionate light kitty Subject: Cadwalader
Profits per partner, after dropping consecutively for three years, rose 2.7 percent in 2016 to $2.115 million. Gross revenue fell by 2.5 percent to $452 million last year, according to preliminary American Lawyer reporting.
Even with declining income, revenue per lawyer at Cadwalader, with its smaller size, held steady at about $1.03 million. Head count declined 2.2 percent to 438 lawyers, while the number of equity partners dropped by two to 45.
http://www.americanlawyer.com/id=1202778975317/A-Smaller-Cadwalader-Sees-Revenue-Drop-Profits-Rise?mcode=1202615717726
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32595014) |
Date: February 15th, 2017 5:02 PM Author: passionate light kitty Subject: Lowenstein
Lowenstein Sandler saw incremental increases in gross revenue and average equity partner compensation in 2016, while attorney head count stayed essentially flat.
The Roseland-based firm's $256.5 million gross revenue last year was a 1.8 percent increase over the $252 million total from 2015.
With a 0.6 percent reduction in attorney head count (to 274 from 276), the uptick comes because of an improvement in revenue per lawyer (RPL), which rose 2.2 percent, to $935,000 from $915,000.
http://www.njlawjournal.com/id=1202779158952?back=law&slreturn=20170115170038
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32630072) |
Date: February 15th, 2017 5:10 PM Author: passionate light kitty Subject: Alston
Revenue increased 6.2 percent, reaching $730.5 million. Net income rose 7.9 percent to $267 million, pushing up average profit per equity partner (PPP) by $65,000 to $1.81 million.
http://www.dailyreportonline.com/id=1202779063364?slreturn=20170115171007
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32630142) |
Date: February 15th, 2017 5:14 PM Author: passionate light kitty Subject: Venable
In 2016, the Baltimore-founded Am Law 100 firm said its gross revenue grew almost 5 percent, to $498.5 million from the previous year. Profits per equity partner hit $1.1 million, an almost 4 percent increase from the year before and the second year that Venable exceeded a $1 million PPP rate.
http://www.nationallawjournal.com/home/id=1202778545703?slreturn=20170115171010
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32630187) |
Date: February 15th, 2017 5:15 PM Author: passionate light kitty Subject: Shutts & Bowen
Shutts & Bowen's gross revenue rose by $4 million to $151 million in 2016, a 2.7 percent increase over 2015. The firm attributed the increase to work on significant acquisitions in the financial services sector, a real estate development rebound and growth in specialized areas.
http://www.dailybusinessreview.com/id=1202779102296?slreturn=20170115171015
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32630195) |
Date: February 17th, 2017 10:56 AM Author: passionate light kitty Subject: Andrews Kurth
Andrews Kurth Kenyon saw its gross revenue drop by 2.7 percent in 2016, but net income rose by 2.2 percent as the firm expanded in New York and Washington, D.C., with the addition of 53 lawyers from an intellectual property boutique.
http://www.texaslawyer.com/home/id=1202779237495?slreturn=20170117105503
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32643142) |
Date: February 17th, 2017 10:57 AM Author: passionate light kitty Subject: McCarter English
Despite a net loss in attorney population, McCarter & English saw year-over-year revenue improvement while the firm's profitability metrics increased more dramatically.
The $237 million in gross revenue posted in fiscal 2016 by the Newark-based firm was a 1.7 percent increase from the previous year's $233 million, according to data compiled by the ALM Legal Intelligence group, a Law Journal affiliate.
http://www.njlawjournal.com/id=1202778957063?slreturn=20170117105513
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32643144) |
Date: February 19th, 2017 9:55 PM Author: passionate light kitty Subject: Paul Weiss
Paul, Weiss, Rifkind, Wharton & Garrison saw gross revenue rise 10.12 percent in 2016, to $1.222 billion, a record year for the 959-lawyer firm.
Profits per partner rose 7.1 percent, to $4.38 million, while revenue per lawyer rose 13.4 percent, to $1.12 million. The number of partners stayed flat at 139, while head count at Paul Weiss rose to 959, a slight increase over 2015.
http://www.americanlawyer.com/home/id=1202779482639/Paul-Weiss-Reaps-Benefits-From-Star-Lateral-Hires?mcode=1202617075486&curindex=0
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32658367) |
Date: February 19th, 2017 10:08 PM Author: passionate light kitty Subject: Holland and Knight
Holland & Knight continued to show strong growth in 2016, with an increase in gross revenue of 8 percent and a rise in net income of 8.4 percent compared with 2015.
The firm's gross revenue hit $803 million in the firm's eighth consecutive year of gains, and net income rose by $18.5 million to $238.5 million. The firm also said it maintained its 30 percent profit margin for a second straight year. With the higher net income, profits per equity partner rose to $1.3 million—an increase of 3.2 percent.
http://www.americanlawyer.com/home/id=1202779464969/Holland-amp-Knight-Sees-Strong-Growth-in-Revenue-and-Income?mcode=1202617075486&curindex=3
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32658468) |
Date: February 21st, 2017 6:03 PM Author: passionate light kitty Subject: McGuire Woods
McGuireWoods, a global firm rooted in Virginia and Washington, D.C., found some growth in a stagnant legal market last year by looking to laterals.
The firm's gross revenue grew by about 4 percent, to $682 million in 2016, according to ALM reporting. Revenue per lawyer increased by only $14,000, or 2 percent, to $689,000. The firm said it raised its billing rates last year by less than 3 percent.
The firm increased its total number of lawyers by 25, to 990. The equity partnership grew by 10 partners, to 184. (About 40 percent of the firm's partners hold equity stakes.) Because of that increase, profits per equity partner decreased by about 4 percent, to $1.005 million on average, the firm said.
http://www.americanlawyer.com/id=1202779564630/McGuireWoods-Revenue-Up-4-Percent-Following-Lateral-Additions?kw=McGuireWoods%20Revenue%20Up%204%20Percent%20Following%20Lateral%20Additions&et=editorial&bu=The%20American%20Lawyer&cn=20170221&src=EMC-Email&pt=Afternoon%20Update&slreturn=20170121175949
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32671628) |
Date: February 22nd, 2017 3:39 PM Author: passionate light kitty Subject: Shearman & Sterling
Shearman & Sterling's gross revenue rose 6 percent to $912.5 million, boosted by strong performances in mergers and acquisitions, international arbitration, asset management, real estate and project finance, said senior partner Creighton Condon.
Correspondingly, revenue per lawyer, another key marker, rose 5.9 percent to $1.085 million, as total head count stayed steady at about 841 lawyers last year.
http://www.americanlawyer.com/home/id=1202779643407/Shearman-amp-Sterling-Sees-Revenue-Rise-and-Partner-Profits-Spike?mcode=1202617075486&curindex=1
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32678086) |
Date: February 23rd, 2017 9:13 AM Author: passionate light kitty Subject: Troutman Sanders
Revenue increased 4.6 percent to $490 million, after an 11 percent surge in 2015. Net income rose 3.9 percent to $188 million after a 14 percent spike the prior year. That pushed 2016 profit per partner (PPP) to $1.02 million.
Troutman increased PPP by $50,000 even though the number of equity partners decreased by a net of only one, to 185. The number of nonequity partners also stayed constant, increasing by a net of one to 121 for 306 total partners—unchanged from 2015.
http://www.dailyreportonline.com/id=1202779687775?back=law&slreturn=20170123091257
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32683175) |
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Date: February 24th, 2017 6:28 PM Author: mauve resort
Troutman Sanders LLP at a Glance
Uppers
“I have a great mentor as a boss”
“PaperMate felt tip pens!”
“Job security”
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32693896) |
Date: February 23rd, 2017 12:58 PM Author: passionate light kitty Subject: Latham
Latham's revenue increased 6.5 percent, to $2.823 billion, its seventh consecutive year of revenue growth and the most revenue ever generated by a law firm in a single fiscal year.
Having dipped 2.4 percent in 2015, Latham's average revenue per lawyer rose 1.9 percent last year, to $1.238 million, the second highest in the firm's history, narrowly behind its 2014 peak of $1.245 million.
Latham's net profit, meanwhile, jumped 8 percent in 2016, to $1.424 billion. That helped push its average profit per equity partner past the $3 million barrier for the first time, with that metric rising 5.3 percent, to $3.06 million
http://www.americanlawyer.com/id=1202779753046/Latham-Has-Another-Outstanding-Year-With-Revenue-Surpassing-28B?mcode=1202615717726
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32684511)
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Date: February 23rd, 2017 1:05 PM Author: Azure marvelous lay
Perkins/Davis/K&L plz
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32684559)
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Date: February 23rd, 2017 1:10 PM Author: passionate light kitty Subject: Faegre Baker
In a year when Faegre Baker Daniels announced a new leadership structure, the firm posted a 5 percent increase in gross revenue and a solid 7.5 percent bump in profits per equity partner.
The firm saw revenue rise to $489.5 million in 2016, as partner profits grew to $860,000. Revenue per lawyer rose 7.2 percent in 2016 to $745,000, as the firm's total head count dropped from 670 lawyers to 657. Faegre Baker's net income also increased to $190 million—a 5.3 percent rise compared with 2015.
http://www.americanlawyer.com/home/id=1202779717731/Steady-Growth-for-Faegre-Baker-as-Leadership-Change-Looms?mcode=1202617075486&curindex=3
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32684599) |
Date: February 24th, 2017 9:58 AM Author: passionate light kitty Subject: Thompson Knight
Building on a strong 2015, Thompson & Knight posted positive financial results for 2016, with gross revenue up 2.9 percent and net income up 3.5 percent when compared with the previous year.
http://www.texaslawyer.com/id=1202779800523?back=law&slreturn=20170124095817
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32690388) |
Date: February 24th, 2017 5:44 PM Author: passionate light kitty Subject: Goodwin
Goodwin Procter hit a new high in 2016, boosting gross revenue by 5.4 percent to $912 million, after a year of strategic expansion and growth.
"It was a very exciting year for us," said chairman David Hashmall, who said 2016 marked the firm's fourth consecutive year of revenue increases.
There were also declines, however, which Hashmall attributed to the firm's sizable growth in head count last year. After rising 5.3 percent in 2015, revenue per lawyer dropped 1.8 percent to $1.08 million. Profits per partner slipped 0.5 percent to $1.98 million, after growing 14 percent to $1.99 million the year prior.
http://www.americanlawyer.com/home/id=1202779924733/Goodwin-Nears-1B-Revenue-Mark-as-Partner-Profits-Stay-Flat?mcode=1202617075486&curindex=0
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32693553) |
Date: February 24th, 2017 5:49 PM Author: passionate light kitty Subject: Wilson Sonsini
Coming off a strong performance in 2015, Wilson Sonsini Goodrich & Rosati posted more mixed financial results in 2016. Gross revenue at the Palo Alto, California-based firm rose 2.7 percent to $755 million, while revenue per lawyer (RPL) dipped 4.7 percent to $1,005,000. And after a 22.6 percent leap in 2015, Wilson Sonsini's profits per partner (PPP) dropped 11.1 percent to $1.97 million.
http://www.americanlawyer.com/home/id=1202779914631/Revenue-Up-Profits-Down-at-Wilson-Sonsini?mcode=1202617075486&curindex=1
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32693590) |
Date: February 27th, 2017 4:47 PM Author: passionate light kitty Subject: Winston & Strawn
was a relatively stagnant financial year for Winston & Strawn, where gross revenue bumped up half a percent in 2016, to $823 million, while net income fell nearly 1 percent from 2015.
The firm topped $1 million in revenue per lawyer for the second straight year, helped in part by continuing a trend of shrinking head count. Total lawyers fell to 798 from 808 a year ago. Profits per partner rose 1.1 percent in 2016, to nearly $1.83 million. The tepid results come after a strong 2015 that saw Winston & Strawn see increases in several key financial metrics.
http://www.americanlawyer.com/home/id=1202780027544/After-Flat-Year-Winston--Strawn-Ratchets-Up-Lateral-Hiring?mcode=1202617075486&curindex=0
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32713759) |
Date: March 1st, 2017 6:25 PM Author: passionate light kitty Subject: Bracewell
For 2016, gross revenue at Bracewell was $277 million, compared with $296.5 million in 2015. But net income was $87.5 million, up 1.7 percent when compared with $86 million in 2015.
Jenna Greene
"We were very pleased with 2016," said Gregory Bopp, a partner in Houston who became managing partner on July 1, 2016. "Our energy, finance and IP practices were very robust throughout the year, in addition to our public finance, litigation, white-collar [crime defense] and bankruptcy."
Revenue per lawyer was $750,000 in 2016, up 5.6 percent when compared with $710,000 in 2015, and profits per partner came in at $1.29 million—an increase of 8.4 percent from $1.19 million the prior year.
http://www.texaslawyer.com/id=1202779911179
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32730205) |
Date: March 1st, 2017 6:25 PM Author: passionate light kitty Subject: Jackson Walker
For 2016, gross revenue came in at $246.5 million, compared with $221.5 million the year before, and net income was $106 million—up 26.2 percent from $84 million in 2015. Revenue per lawyer was $710,000, which was 7.6 percent higher than $660,000 the prior year, and profits per partner topped the seven-figure mark at $1.09 million—20.4 percent more than $905,000 in 2015.
http://www.americanlawyer.com/home/id=1202780038770
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32730208) |
Date: March 1st, 2017 6:26 PM Author: passionate light kitty Subject: Carlton Fields
Carlton Fields Jorden Burt saw its gross revenue and lawyer head count fall significantly in 2016, and its net income dropped by nearly 20 percent.
Its profit per equity partner also declined by 16 percent compared to 2015, totaling $700,000.
The firm's 2016 net income of $52.5 million was a drop of $13 million from 2015's record high.
http://www.dailybusinessreview.com/id=1202780029447
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32730211) |
Date: March 3rd, 2017 3:14 PM Author: passionate light kitty Subject: Akerman
Miami-based Akerman, one of Florida's largest law firms, added 33 lawyers to its national total in 2016 and lifted revenues to an all-time high of $349 million.
The increase, from $337 million in 2015, marks the sixth straight year of gross revenue gains for the firm, according to Akerman chairman and CEO Andrew Smulian.On a percentage basis, gross revenue was up 3.6 percent—just under half a percent less than the increase the firm reported in 2015
http://www.americanlawyer.com/id=1202780493341?back=law
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32745062) |
Date: March 7th, 2017 4:05 PM Author: passionate light kitty Subject: Greenberg
Greenberg Traurig continued to make steady gains in 2016, with gross revenue growing more than 4 percent to nearly $1.4 billion.
But the full-service firm, which celebrates its 50th anniversary this year, plans to take a break from expanding in 2017 and will instead concentrate on efficiency and profitability. It is taking a wait-and-see approach, said firm executive chairman Richard Rosenbaum—in part because of the political climate and concerns about a move away from globalization.
http://www.americanlawyer.com/home/id=1202780636814/Greenberg-Traurig-Makes-Steady-Gains-in-2016?mcode=1202617075486&curindex=1
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32775342)
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Date: March 9th, 2017 4:30 PM Author: passionate light kitty Subject: Mayer Brown
Mayer Brown grew off its modest financial gains in 2015, as gross revenue inched up slightly last year, to $1.26 billion, while its lawyer ranks ballooned 5.2 percent. The firm’s equity partnership also grew by 3.1 percent in 2016.
While the gross revenue mark is a record for Mayer Brown, its head count expansion pushed down other financial metrics, including revenue per lawyer, which dropped 4.8 percent from a year ago, to $795,000. Profits per partner also fell 7.1 percent, to $1.45 million. That drop marked a return to 2014’s partner profit numbers following a 7.6 percent surge in 2015 to a high of $1.56 million.
http://www.americanlawyer.com/id=1202780934641/Revenue-Up-But-Head-Count-Growth-Stalls-Other-Mayer-Brown-Metrics?kw=Revenue%20Up%2C%20But%20Head%20Count%20Growth%20Stalls%20Other%20Mayer%20Brown%20Metrics&et=editorial&bu=The%20American%20Lawyer&cn=20170309&src=EMC-Email&pt=Afternoon%20Update
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32792402) |
Date: March 9th, 2017 4:38 PM Author: passionate light kitty Subject: Arnold Porter
Revenue at Arnold & Porter declined 4 percent in 2016 to $624.5 million, after falling 6 percent from 2014 to 2015. Revenue per lawyer was down 2.6 percent to $950,000, reaching its lowest point since 2011.
Profits per partner also fell in 2016, dropping by almost 5 percent following a 13 percent decrease the previous year. PPP in 2016 was $1.155 million, about $55,000 less than the year before
http://www.nationallawjournal.com/id=1202780857648
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32792458) |
Date: March 9th, 2017 4:46 PM Author: passionate light kitty Subject: Haynes and Boone
Gross revenue at the Dallas-based firm hit $375 million in 2016, up from $363 million in 2015, and net income was $122 million, up from $118.5 million the previous year. Revenue per lawyer was $685,000, down 0.7 percent when compared with $690,000 the year before, and profits per partner came in at $930,000, up 2.8 percent compared with $905,000 the prior year.
http://www.texaslawyer.com/home/id=1202780806883?slreturn=20170209164622
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32792519) |
Date: March 11th, 2017 7:33 AM Author: passionate light kitty Subject: Orrick
Gross revenue at Orrick, Herrington & Sutcliffe grew 1.8 percent last year, to $929 million, but revenue per lawyer and profits per partner both declined, an outcome that chairman and CEO Mitchell Zuklie attributed partly to a lateral hiring spree by the firm.
With 42 laterals—more than twice as many as in 2015—Orrick’s head count rose 2.7 percent, to 941. Revenue per lawyer dropped 1 percent, to $985,000. And partner profits fell 6.1 percent, to $1.68 million, despite an 8.6 percent decrease in the size of the firm’s equity partnership
http://www.americanlawyer.com/home/id=1202780966483/Amid-Hiring-Spree-An-UpandDown-Year-at-Orrick?mcode=1202617075486&curindex=5
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32803364) |
Date: March 14th, 2017 6:12 PM Author: passionate light kitty Subject: Perkins Coie
Perkins Coie posted solid financial growth in 2016, with gross revenue edging up 4.3 percent to $781 million while profits per equity partner grew by 7.3 percent to just less than $1.2 million.
The 921-lawyer, Seattle-based firm's profits per partner of $1.18 million and revenue per lawyer of $850,000 mark record highs, according to managing partner John Devaney, a longtime litigator who took over the firm leadership role in 2015. The firm also posted total net income of $206 million, which constitutes a 1.5 percent bump up compared with Perkins Coie's 2015 financial results.
http://www.americanlawyer.com/home/id=1202781266377/Perkins-Coie-Posts-Solid-Growth-in-Revenue-Profits?mcode=1202617075486&curindex=1
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32829675) |
Date: March 21st, 2017 10:05 AM Author: passionate light kitty Subject: MoFo
Gross revenue at the firm slipped 3.5 percent, to $945 million, as revenue per lawyer dropped 4.8 percent, to $990,000. Profits per equity partner also decreased 9.3 percent, to $1.41 million, even though MoFo’s equity partner head count fell to 232, a 4 percent decline from 2015. That marked the fourth consecutive year that MoFo shed more equity partners than it added.
http://www.americanlawyer.com/home/id=1202781674751/MoFos-Financials-Took-a-Dip-in-2016?mcode=1202617075486&curindex=1
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#32879821) |
Date: April 10th, 2017 9:26 AM Author: passionate light kitty Subject: SheppardMullin
Revenue per lawyer stayed flat at $925,000, while profits per partner rose 3.5 percent, to nearly $1.5 million. Sheppard Mullin’s overall head count grew 8.1 percent, to 655, and the firm increased the ranks of its equity partners to 125, a 2.9 percent bump.
http://www.therecorder.com/id=1202780288305?slreturn=20170310092609
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#33037638) |
Date: April 10th, 2017 9:30 AM Author: passionate light kitty Subject: Kasowitz
The name change comes on the heels of a down year for Kasowitz in several financial metrics. Gross revenue decreased by 7.5 percent to $217 million in 2016, while net income fell 10.5 percent to $72.5 million. Revenue per lawyer at the 263-laywer firm decreased by less than 1 percent compared with 2015, coming in at $825,000 in 2016.
http://www.newyorklawjournal.com/id=1202782581832?slreturn=20170310092613
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#33037651) |
Date: April 10th, 2017 9:32 AM Author: passionate light kitty Subject: Kilpatrick
Gross revenue inched higher at Kilpatrick last year, rising 1.2 percent to $416.5 million.
"It was another solid year," said the firm's chairman, Henry Walker IV. "We've had four years of solid growth."
Revenue had remained stable in 2015 after a 6 percent increase in 2014.
Revenue per lawyer increased by $10,000 in 2016, reaching $725,000. But profit per partner dipped by $15,000 to $915,000, despite a $3.5 million increase in net income, because the firm added a net of five equity partners, for 114. The firm reported 249 partners in all.
http://www.dailyreportonline.com/id=1202782587441
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#33037657)
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Date: April 12th, 2017 9:13 AM Author: passionate light kitty Subject: Kirkland
Kirkland & Ellis had a 2016 to remember, as gross revenue rose 15 percent from a year ago, to $2.65 billion, as the Chicago-based Am Law 100 firm also crossed a rarefied profits per partner barrier.
The firm, which in recent years has taken steps to change an “eat-what-you-kill” reputation, saw partner profits soar nearly 14 percent, to $4.1 million, last year. That puts Kirkland in an elite tier of top-earning firms for partners, whose ranks include Wachtell, Lipton, Rosen & Katz; Quinn Emanuel Urquhart & Sullivan; Paul, Weiss, Rifkind, Wharton & Garrison; Cravath, Swaine & Moore; and Sullivan & Cromwell.
http://www.americanlawyer.com/id=1202783501019/Kirklands-Gross-Revenue-Partner-Profits-Hit-New-Highs
(http://www.autoadmit.com/thread.php?thread_id=3508972&forum_id=2#33055492)
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