Los Angeles based firm Sheppard Mullin Richter & Hampton reported slight increases in revenue and profits in 2009. Revenue increased 2.5% to $361 million. Profits per equity partner were $1.244 million, an increase of 3.5%. Revenue per lawyer though decline to $753,645, 1.8%. Last year the firm cut 25 lawyers in the first two months. In [...]
Continue reading...Monday, February 1, 2010
According to Paul Weiss chairman Brad Karp, 2009 was “the most profitable year in our firm’s history”. Not bad for a year marked by recession and uncertainty in the legal market and a nice repeat of 2008’s growth. What’s most remarkable is that Paul Weiss dramatically increased profits without resorting to layoffs – [...]
Continue reading...Wednesday, January 20, 2010
Cadwalader, Wickersham & Taft reported a 28% increase in profits per partner for 2009, marking the first per partner increase for the firm since 2007. However, this increase may be attributed to an almost 21% loss in the number of equity partners in the firm and massive associate layoffs. Cadwalader had 61 equity partners at [...]
Continue reading...Thursday, November 12, 2009
The top 100 UK firms by revenue dropped saw profits decline by an average of 30% last year, according to a new report out from PricewaterhouseCoopers. The largest decline in income came in the second tier of firms, those listed at #11-25, where partner per partner profits were down by 28%. Firms in [...]
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Tuesday, February 9, 2010
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