Biglaw Profits Per Partner (PPP) info for 2007
| Hazelrah | 02/07/08 | | Strong&Bald Arm&HammerDood | 02/07/08 | | ...,.,.,...,.,,,.,.,., | 02/08/08 | | ....,,,.....,.......,,..,.,,.,,.,.,.......,...... | 02/09/08 | | Scalito | 02/11/08 | | Scalito | 02/14/08 | | Scalito | 02/14/08 | | Katzenbach | 02/25/08 | | Hazelrah | 02/26/08 | | Hazelrah | 02/07/08 | | Hazelrah | 02/07/08 | | Hazelrah | 02/07/08 | | Hazelrah | 02/07/08 | | ....,,,.....,.......,,..,.,,.,,.,.,.......,...... | 02/07/08 | | Hazelrah | 02/07/08 | | Non sequitur | 02/07/08 | | Mulholland Dr. | 02/07/08 | | GWLaw23 | 02/08/08 | | steve | 02/16/08 | | sealclubber | 02/19/08 | | Hazelrah | 02/08/08 | | hizzle | 02/08/08 | | I_AM_A_COOL_DOOD | 02/08/08 | | Puck42 | 02/08/08 | | Hazelrah | 02/08/08 | | Mahendra Singh Dhoni | 02/08/08 | | Hazelrah | 02/08/08 | | Hazelrah | 02/08/08 | | Scalito | 02/11/08 | | Hazelrah | 02/11/08 | | Hazelrah | 02/13/08 | | Hazelrah | 02/14/08 | | MisterX | 02/14/08 | | MisterX | 02/14/08 | | Hazelrah | 02/14/08 | | Hazelrah | 02/15/08 | | MisterX | 02/16/08 | | steve | 02/16/08 | | sealclubber | 02/19/08 | | Hazelrah | 02/19/08 | | MisterX | 02/21/08 | | Hazelrah | 02/21/08 | | Hazelrah | 02/23/08 | | MisterX | 02/25/08 | | Hazelrah | 02/25/08 | | I like the way ya Gwerk it | 02/26/08 | | evan39 | 02/26/08 | | Hazelrah | 02/26/08 | | HarmonyKorine | 03/04/08 | | Hazelrah | 03/05/08 | | MisterX | 03/06/08 | | Hazelrah | 03/06/08 | | MisterX | 03/17/08 | | MisterX | 03/25/08 |
Poast new message in this thread
Date: February 7th, 2008 1:44 PM Author: Hazelrah (http://xoxoreader.blogspot.com/)
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.
Last year's numbers are here: http://www.xoxohth.com/thread.php?thread_id=563047&mc=57&forum_id=2#7412059
Firm - PPP (percent change) / PPP including nonequity partners
Sullivan - $3.13m (+11%)
Quinn - $3.01m
Cadwalader - $2.72m (-6%)
Paul Weiss - $2.6m (+4%)
Milbank - $2.53m (+16.4%)
Dechert - $2.35m (+18%)
Debevoise - $2.29m (+26.5%)
Skadden - $2.28m (+9%)
Latham - $2.27m (+22%)
Willkie - $2.23m (+10%)
Cleary - $2.17m (+7%)
Weil - $2.11m (+11%)
Paul Hastings - $1.92m (+20%)
Gibson - $1.9m (+8.5%)
Irell - $1.9m
Shearman - $1.847m (+11.9%)
Orrick - $1.67m (+16%)
White & Case - $1.67m (+11.3%)
O'Melveny - $1.64m (+0%)
Dewey - $1.57m (+10%)
McDermott - $1.52m (+8%)
Wilson Sonsini - $1.44m (+9.9%)
Morgan Lewis - $1.43m (+15%)
Cooley Godward - $1.4m (+42%)
King & Spalding - $1.4m (+6%)
Sidley - $1.38m (+5.7%)
Baker Botts - $1.30m (+18.6%)
Morrison & Foerster - $1.3m (+15%)
Greenberg Traurig - $1.3m (+9%)
Munger - $1.3m
Loeb & Loeb - $1.29m (+10%)
DLA Piper - $1.28m (+8.3%)
Winston - $1.28m (+6.5%)
Manatt - $1.25m (+14%)
Mayer Brown - $1.24m
Sheppard Mullin - $1.2m (+19%)
Hogan - $1.19m (+18%)
Baker & McKenzie - $1.06m (+22%)
WilmerHale - $1.06m (+8.6%)
Fenwick - $1.02m(+8%)
Heller - $1.01m (-3%)
Howrey - $1.01m (-17.5%)
Reed Smith - $1m (+6%)
Heller Ehrman - $1m (-3.5%)
Pillsbury - $985k (+13%)
Townsend - $740k (-48%)
Dorsey - $672k (+30%)
Nixon - $653k (+13%)
Luce Forward - $605m (+7%)
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9287118) |
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Date: February 8th, 2008 5:14 AM Author: ...,.,.,...,.,,,.,.,.,
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9292018) |
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Date: February 9th, 2008 12:02 PM Author: ....,,,.....,.......,,..,.,,.,,.,.,.......,......
Wow, Wilmer is overfuckingrated.
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9297703) |

Date: February 7th, 2008 1:50 PM Author: ....,,,.....,.......,,..,.,,.,,.,.,.......,......
Quinn - $3 million.
http://www.law.com/jsp/LawArticlePC.jsp?id=1199931032897
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9287165) |
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Date: February 16th, 2008 9:37 AM Author: steve
I'm so happy I picked Latham over Reed Smith (those are the only big firms I got offers from). Reed Smith may have more of a lifestyle firm reputation, but Latham is not a dungeon and the firm is on a much better financial footing.
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9335064)
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Date: February 14th, 2008 12:53 PM Author: MisterX
Profits per equity partner (PEP) at Weil Gotshal improved by 11% to reach $2.11m (£1.07m). Total revenue at the New York law firm increased by 12% to $1.175bn (£596.8m), up from $1.050bn (£533.4m) in 2006.
Milbank, meanwhile, more than doubled its growth rate of 2006 to record an 18.8% surge in global fee income, from $540.8m (£274.6m) to $642.5m (£326.2m). PEP rose by a similar amount, up 16.4% to $2.53m (£1.28m), compared to $2.17m (£1.10m) in 2006.
http://www.legalweek.com/Articles/1096229/Weil+breaks+2m+PEP+as+Milbank+ups+pace.html
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9324727) |

Date: February 14th, 2008 12:58 PM Author: MisterX
Mayer Brown saw both revenue and partner profits increase by 9%, with turnover at the top 10 US firm rising from $1.084bn (£550.4m) in 2006 to a new mark of $1.183bn (£600.6m).Profits per equity partner (PEP) moved to $1.24m (£629,000) in 2007, up from $1.14m (£577,000) for the year before.
Winston saw revenues increase by 14% in 2007, reaching $697.4m (£354.0m), compared to $612m (£311m) in 2006.
PEP increased by 6.5% at the Chicago firm to hit $1.28m (£649,000), up from last year’s figure of $1.20m (£609,000).
http://www.legalweek.com/Articles/1096198/Mayer+Brown,+Winston+unveil+strong+'07+figures.html
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9324770)
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Date: February 16th, 2008 9:10 AM Author: MisterX
Profits per equity partner (PEP) at Paul Hastings were up to reach $1.92m (£979,000), an improvement of 19.6% from last year’s mark of $1.61m (£821,000). Total revenue, meanwhile, was up 20% from $813.5m (£414.6m) to a new high of $976m (£498m) in 2007.
http://www.legalweek.com/Articles/1096991/Fees+and+profits+up+a+fifth+at+Paul+Hastings.html
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9335031) |

Date: February 23rd, 2008 2:58 PM Author: Hazelrah (http://xoxoreader.blogspot.com/)
"Greenberg Traurig has posted a 15 per cent increase in gross revenue for 2007, with turnover at the US national firm rising from $1.04bn (£519m) to $1.2bn (£599m).
Average profit per equity partner (PEP) at the expansionist firm rose by just under 9 per cent, hitting $1.3m (£650,000) from $1.2m (£600,000) in 2006. Total compensation for Greenberg's 288 full equity partners rose 14.6 per cent to $374.9m (£187.4m) while compensation to the 476 non-equity partners rose 24 per cent, to $205.5m (£102.7m).
Greenberg chief executive Cesar Alvarez said it had been "a good year", with the firm ending 2007 almost $20m (£10m) above budget."
http://www.thelawyer.com/cgi-bin/item.cgi?id=131353&d=415&h=417&f=416
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9374316) |

Date: February 25th, 2008 12:34 AM Author: MisterX
Baker & McKenzie has reported global turnover growth of 20 per cent in the 2007 financial year, with total income rising to $1.83bn (£910m). The firm's average profit per equity partner figure rose by 22 per cent over the year, breaking the $1m (£500,000) level for the first time to reach $1.06m (£530,000).
http://www.thelawyer.com/cgi-bin/item.cgi?id=127953
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9382505) |

Date: February 26th, 2008 1:08 PM Author: Hazelrah (http://xoxoreader.blogspot.com/)
"Dewey & LeBoeuf today (Monday 25 February) announced its first financial results since the merger of Dewey Ballantine and LeBoeuf Lamb Greene & MacRae last year.
Global revenue for 2007 was just over $1bn (£500m), representing an approximate increase of 9 per cent on the combined revenues of Dewey Ballantine and LeBoeuf for 2006, which add up to $921m (£460.4m). That year the two firms reported revenues of $408m (£203.9m) and $513m (£256.4m) respectively.
The average profit per equity partner (PEP) of the two firms in 2006 was $1.43m (£715,000). On that basis, PEP increased by almost 10 per cent last year, to $1.57m (£785,000)."
http://www.thelawyer.com/cgi-bin/item.cgi?id=131458&d=415&h=417&f=416
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9390449) |

Date: March 4th, 2008 8:05 AM Author: HarmonyKorine Subject: S&C
Sullivan & Cromwell has broken through the $1bn (£500m) revenue barrier for the first time, topping $3m (£1.51m) average profit per equity partner (PEP) in the process.
Internal sources have estimated that revenue will rise by approximately 12 per cent to $1.01bn (£508m) and PEP will rise by 11 per cent to $3.13m (£1.57m). While these figures are initial estimates, it is clear that Sullivan has achieved the iconic $1bn revenue and $3m PEP benchmarks.
http://www.thelawyer.com/cgi-bin/item.cgi?id=131498&d=415&h=417&f=416
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9425516) |

Date: March 6th, 2008 9:41 AM Author: MisterX
Profits per equity partner (PEP) at Debevoise rose by rose by 26.5% from $1.81m (£908,000) last year to a new high of $2.29m (£1.15m). Global revenue, meanwhile, was up by 23.4% from $575m (£288m) in 2006 to $709.54m (£355.84m).
http://www.legalweek.com/Articles/1103537/New+York's+Debevoise+has+stellar+'07.html
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9437459) |

Date: March 17th, 2008 11:03 AM Author: MisterX
Fried Frank Harris Shriver & Jacobson has announced its financial results for the 2007-08 year.
Figures for Fried Frank's fiscal year, which unusually for a US firm closes at the end of February, show a 14 per cent increase in gross revenue to $537.4m (£268.6m) and a 5 per cent rise in average profit per equity partner (PEP), to $1.6m (£800,000).
http://www.thelawyer.com/cgi-bin/item.cgi?id=131775&d=415&h=417&f=416
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9488703) |
Date: March 25th, 2008 11:06 AM Author: MisterX
http://www.thelawyer.com/cgi-bin/item.cgi?id=131857
Kirkland 2.25 (12.3%)
Jones Day 770k
Simpson 2.87 (15.3%)
Davis Polk 2.4 (12.1)
Akin 1.2 (-7.0%)
Hunton Williams 850k (13.3%)
Fulbright 777k (.9%)
Cravath 3.30 (10%)
Vinson Elkins 1.2 (7.1%)
Wachtell 4.48 (14.9%)
(http://www.autoadmit.com/thread.php?thread_id=761861&forum_id=2#9528519) |
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