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2014 Law Firm Financials

Firm Revenue RPL PPP Attorneys Profit Margin Sullivan 1.28...
Provocative idiot
  01/21/15
LOL, just slash headcount by 7% to get dat PPP up by 16%
Costumed House Newt
  01/21/15
...
bateful menage
  03/04/15
list is missing Jenner and perhaps a few other firms already...
fluffy new version field
  02/11/15
fyi, amlaw put together a compilation in Feb 9; i think we h...
fluffy new version field
  02/20/15
Weil
Provocative idiot
  01/21/15
Oh thank god. Finally all of those axed associates can slee...
Deep gaping cruise ship
  01/21/15
When did firms start being run like corporations, with PPP d...
Costumed House Newt
  01/21/15
yes. bro at the end of every month these dudes rifle thr...
swollen tanning salon
  01/21/15
...
Histrionic Bipolar Brethren Locale
  02/02/15
Second page, please!
Chocolate Soul-stirring Set
  01/21/15
...
Razzle-dazzle lemon theater stage
  01/21/15
...
Dun Factory Reset Button Point
  02/01/15
Goodwin Proctor
Provocative idiot
  01/30/15
OK GOOD JOB GOODWIN BUT WHAT ABOUT ROPES AND GRAY
crusty alpha
  01/30/15
Hazelrah, is that you?
Maroon Contagious Depressive Chapel
  01/30/15
...
sable metal telephone
  02/05/15
Irell
Provocative idiot
  01/30/15
didnt like a ton of partners leave irell?
Orchid Cruel-hearted Den
  02/01/15
at the start of 2015, not in 2014
fluffy new version field
  02/01/15
Dorsey & Whitney
Provocative idiot
  02/01/15
Is this firm any good?
Pink Comical Senate Mediation
  02/01/15
http://www.dorsey.com/mondale_walter/
pontificating cerebral principal's office
  02/01/15
According to the graphic in the American Lawyer article, the...
Avocado slimy resort people who are hurt
  02/03/15
rofl. pretty sure they made it so first and second years are...
Exciting insane corner
  02/01/15
Fucklaw is self reporting huge percentage profits in 2014 on...
beady-eyed mewling garrison sneaky criminal
  02/01/15
...
Green Organic Girlfriend Lodge
  02/04/15
...
irradiated hideous public bath
  02/01/15
Dechert
Provocative idiot
  02/02/15
Pillsbury
fluffy new version field
  02/02/15
McDermott Rev +2.2% to 900M RPL +4% to 0.9M PPP -1% to ...
fluffy new version field
  02/02/15
Munger
fluffy new version field
  02/03/15
Cadwaladar
fluffy new version field
  02/03/15
Wow - that Cravath partner/sean hannity look like jumped shi...
Deep gaping cruise ship
  02/03/15
...
garnet zombie-like liquid oxygen
  02/13/15
...
garnet zombie-like liquid oxygen
  03/28/15
"We shored up some holes in our asian ranks, bringing i...
Costumed House Newt
  02/03/15
...
swollen tanning salon
  02/05/15
Fenwick
fluffy new version field
  02/04/15
holy shit
irradiated hideous public bath
  02/04/15
ty associates for working 15% more hours for the same pay
irate vigorous scourge upon the earth
  02/05/15
Baker Botts
Provocative idiot
  02/05/15
...
Green Organic Girlfriend Lodge
  02/05/15
dat energy boom! interesting to see what happens going fo...
fluffy new version field
  02/05/15
it won't be too hard match them when they just stealth a who...
primrose autistic center cuckold
  02/05/15
i bet legal work will see a short dip and then come back for...
irate vigorous scourge upon the earth
  02/05/15
FRAUDLIE
Dun Factory Reset Button Point
  02/09/15
What?
Green Organic Girlfriend Lodge
  02/12/15
gif of Russian crain falling into sea
Dun Factory Reset Button Point
  03/04/15
do the magic cirlce
swollen tanning salon
  02/05/15
Akin Gump
Provocative idiot
  02/06/15
Jenner
fluffy new version field
  02/06/15
Revenue +14% Headcount -7.6% "We had a great year!&...
Costumed House Newt
  02/06/15
...
Razzle-dazzle lemon theater stage
  02/11/15
...
Alcoholic charismatic home gaming laptop
  02/11/15
Paul Weiss
fluffy new version field
  02/09/15
Sidley Austin
fluffy new version field
  02/09/15
Mayer Brown
fluffy new version field
  02/10/15
Cooley
fluffy new version field
  02/10/15
Wilson Sonsini
fluffy new version field
  02/11/15
Ugh, fucking law firms are so small time, it's hilarious
Milky Rigor
  02/11/15
explain "small time"?
fluffy new version field
  02/12/15
Irrelevant small time shitholes with no scale, impact, or sc...
Milky Rigor
  02/12/15
It's true. Even the biggest law firms are dwarfed by even th...
Passionate market dragon
  02/27/15
Bracewell
Provocative idiot
  02/12/15
LOL @ 3 % PPP growth in HOUSTON
Dun Factory Reset Button Point
  03/04/15
Arent Fox
Provocative idiot
  02/12/15
Crowell
Provocative idiot
  02/12/15
Greenberg
Provocative idiot
  02/12/15
Holland and Knight
Provocative idiot
  02/12/15
King and Spaulding
Provocative idiot
  02/12/15
$2.3 million in atlanta is equivalent to how much in nyc?
fragrant roommate crotch
  02/13/15
probably like 4M but once you're above 2M per year, you l...
fluffy new version field
  02/13/15
How does a secondary market firm make so much money. That's ...
fragrant roommate crotch
  02/13/15
there are probably like 50 equity partners eating the breakf...
Deep gaping cruise ship
  02/24/15
Venable
Provocative idiot
  02/12/15
"comanaging partner Robert Waldman" sounds like a ...
fluffy new version field
  02/12/15
do dentons
Dun Factory Reset Button Point
  02/12/15
Norton Rose
Dun Factory Reset Button Point
  02/12/15
Do Vorys Sater
Dun Factory Reset Button Point
  02/12/15
Baker Hostetler
fluffy new version field
  02/12/15
Orrick
fluffy new version field
  02/13/15
Davis Polk
fluffy new version field
  02/13/15
jesus ppp jumped 12% to $3.3M? No wonder they were willing ...
Deep gaping cruise ship
  02/24/15
YHEAAAA! OPEN A HOUSTON OFFICE
Dun Factory Reset Button Point
  03/04/15
Andrews Kurth
fluffy new version field
  02/17/15
NICE!! OH WHAY AN ENERGY SPACE
Dun Factory Reset Button Point
  03/04/15
HoganLovells
Provocative idiot
  02/18/15
Finnegan
Provocative idiot
  02/18/15
White & Case
fluffy new version field
  02/19/15
KL Gates
Provocative idiot
  02/20/15
Gibson Dunn
fluffy new version field
  02/20/15
I feel like the posters ITT fail to realize that XOXO has ev...
Maroon Contagious Depressive Chapel
  02/20/15
...
Jade whorehouse
  02/24/15
Arnold Porter
Provocative idiot
  02/24/15
WilmerHale
Provocative idiot
  02/24/15
Latham
Provocative idiot
  02/24/15
amazing how profits are up double digits across the board an...
irate vigorous scourge upon the earth
  02/24/15
They did. 7500 to 45K.
Saffron Odious Striped Hyena Hospital
  02/24/15
Seems like 90% of the firms this year had what could be cons...
fluffy new version field
  02/24/15
Milbank
fluffy new version field
  02/26/15
Kasowitz
fluffy new version field
  02/26/15
wow
irradiated hideous public bath
  02/27/15
Shearman
fluffy new version field
  02/26/15
Kaye Scholer
fluffy new version field
  02/27/15
Paul Hastings
fluffy new version field
  02/27/15
Nixon Peabody
fluffy new version field
  02/27/15
Wilkie
fluffy new version field
  02/27/15
Covington
Provocative idiot
  03/02/15
Vinson Elkins
fluffy new version field
  03/03/15
CONGRATS V&E ASSOCIATES, YOU WILL BE LAID OFF THIS YEAR
Dun Factory Reset Button Point
  03/04/15
why are Covington partners not making as much as they should...
Stirring henna degenerate coldplay fan
  03/04/15
less leverage, better shot at making partner = too many part...
irradiated hideous public bath
  03/04/15
debevoise
Provocative idiot
  03/04/15
Kramer Levin
fluffy new version field
  03/05/15
DLA Piper
fluffy new version field
  03/05/15
Proskauer
fluffy new version field
  03/05/15
O'Melveny
fluffy new version field
  03/09/15
fried frank
Provocative idiot
  03/15/15
cahill
Provocative idiot
  03/15/15
skadden
Provocative idiot
  03/15/15
sullivan
Provocative idiot
  03/15/15
simpson
Provocative idiot
  03/15/15
schulte
Provocative idiot
  03/15/15
cravath
Provocative idiot
  03/15/15
cleary
Provocative idiot
  03/15/15
mofo
Provocative idiot
  03/19/15
winston & strawn
Provocative idiot
  03/19/15
KIRKLAND & ELLIS
Doobsian gas station
  03/25/15
what's the shatters meme? is k&e a good firm to work...
embarrassed to the bone generalized bond casino
  03/25/15


Poast new message in this thread



Reply Favorite

Date: January 21st, 2015 5:54 AM
Author: Provocative idiot

Firm Revenue RPL PPP Attorneys Profit Margin

Sullivan 1.28 (?) 1.59 (?) 3.68 (?) 805 (nc)

Cravath 648 (5.5%) 1.47 (?) 3.37 (2.3%) 442 (2.8%)

Skadden 2.32 (3.6%) 1.40 (?) 2.9 (6.4%) 1654

Kirkland 2.15 (6.6%) 1.37 (?) (5.4%) 3.51 (7%) 1576 (1.4%)

Simpson 1.25 (10.4%) 1.35 (?) 3.49 (10.1%) 929 (5.9%)

Latham 2.6 (14.3%) 1.25 (12.2%) 2.9 (16.5%) 2,100 (2%)

Davis Polk 1.07 (9.9%) 1.23 (?) 3.29 (12.1%) 871 (7.5%)

Cleary 1.25 (5%) ? 3 (12.3%)

Paul Weiss 1.04 (10.9%) 1.1 (.5%) 3.85 (6.2%) 943 (10.4%)

Gibson 1.45 (5.7%) 1.22 (1.3%) 3.05 (3.4%) 1,204 (4.3%)

Debevoise 711 (3.3%) 1.16 (nc) 2.38 (3%)

Sidley 1.75 (9.5%) 995K (5.3%) 1.99 (6.1%) 1,761 (3.8%)

Weil 1.15 (1.2%) 1.08 (9.1%) 2.4 (16.5%) 1,072 (-7.3%)

WilmerHale 1.07 (NC) 1.16 (7%) 1.61 (7%) (-6%)

Covington 709 (8%) 915 (6%) 1.34 (15.6%)

Irell 247.5 (4.4%) 1.56 (9.1%) 3.63 (8%)

Munger 266 (7.5%) 1.4 (?) 1.9 (8%) 2,360

Cahill 380 (-1.7%) 1.17 (-2.9%) 3.62 (-4.4%) 327 (1.6%)

PaulHastings 1b (6.3%) 1.15 (8%) 2.36 (8.5%) 873

Milbank 761 (7.8%) 1.24 (3.8%) 2.75 (7%) 614 (3.7%)

Shearman 845 (3%) 1.03 (1.5%) 1.91 (5.8%) (1.5%)

Mayer 1.22 (6.7%) 825 (5.8%) 1.45 (12.8%) 1,486 (1%)

WhiteCase 1.5 (4.2%) 800 (?) 2.0 (7.2%)

Hogan 1.78b (3.6%) 755 (1.3%) 1.22 (.4%)

KingSp 934 (8.4%) 1.06 (7.1%) 2.36 (10%) 886 (1.4%)

Schulte 401 (3%) ? 2.32 (4.5%) 351 (1.4%)

Wilkie 640 (14.5%) 1.16 (8.5%) 2.26 (14.5%) 554 (5.3%)

Dechert 839.4 (8%) 957K (?) 2.31 (7.4%) 877 (?)

Proskauer 819 (6.5%) 1.14 (5.1%) 2.1 (7.7%) 721 (1.3%)

Fried frank 460 (.3%) 1.11 (8.8%) 1.81 (10.7%) 414 (-8%)

Goodwin 785.5 (4%) 1.04 (6.1%) 1.75 (7.4%) 755 (-1.8%)

ArnoldPorter 694 (1.2%) 994 (?) 1.39 (?)

Wilson Sonsini 646 (12.3%) 965 (4.3%) 1.91 (8.2%) 670 (8%)

Cooley 802 (19%) 1.06 (6%) 1.7 (11%)

Baker Botts 653 (11.4%) ? 1.7 (25.5%)

VinsonElkins 654 (1.3%) 1.05 (7.7%) 1.93 (12.6%) 624 (-4%)

Akin Gump 868 (4.8%) 1.06 (2.9%) 1.89 (2.7%) 822 (1.6%)

Fenwick 327 (19%) 1.14 (15%) 1.54 (20.1%)

Cadwalader 481.45 (NC) 1.07 (-3.2%) 2.21 (-15.3%) 452 (3.4%)

Jenner 408 (14%) 1.01 (23%) 1.62 (31%) 401 (-7.6%)

Mofo 969 (-4.2%) 980 (-1%) 1.42 (-3.4%)

OMM 665 (-9.3%) 1.00 (NC) 1.59 (-8%) 663 (-8%)

Winstonstrawn 786 (6%) 970 (7.8%) 1.69 (19.5%) 808 (-2%)

DLAPiper 2.48 (NC) 670 (7.2%) 1.49 (12.5%) 3,702 (-6.6%)

Kramer 321 (-.5%) 1.04 (1%) 1.82 (3.7%) 308 (-1.6%)

Orrick 877 (1.1%) 985 (8.2%) 1.6 (-5.9%) 891 (-6.6%)

Finnegan 309.5 (-2.4%) 985 (8.8%) 1.22 (23.2%) 314 (-10%)

Greenberg 1.27 (3.3%) 735 (.7%) 1.43 (5.6%) 1,730 (2.4%)

McDermott 900 (2.2%) 900 (4%) 1.53 (-1%) 997 (-2.4%)

AndrewsKurth 307 (11.2%) 910 (11%) 1.21 (14.2%)

Pillsbury 560 (3%) 950 (?) 1.17 (6%)

NixonPeabody 407 (-1.1%) 710 (.7%) 760 (7%)

Kasowitz 263 (14.6%) 780 (26.8%) 1.97 (35.5%) 337 (-9.4%)

Kaye Scholer 375 (-1.3%) 1.02 (5.2%) 1.41 (1.8%) 368 (-6.1%)

Bracewell 337 (4.5%) 750 (2.7%) 1.33 (3.1%) 450 (2%)

Dorsey 338.5 (3.8%) 675 (3.8%) 605K (11%)

Holland 688.5 (9.8%) 680 (3.8%) 1.14 (10.2%) 1,009 (5.5%)

Baker Hostetler 579 (7.2%) 660 (-2.2%) 810 (-13.4%)

Crowell 368.5 (2.6%) 820 (5.8%) 1.03 (10.8%) 450 (-3%)

Arent Fox 276.5 (5%) 800 (NC) 935 (4%) 346 (5%)

Venable 442 (7.9%) 785 (1.9%) 970 (7.2%) 564 (6%)

KL Gates 1.15 (-1.2%) 587 (NC) 829 (-.4%)

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27156876)



Reply Favorite

Date: January 21st, 2015 9:03 AM
Author: Costumed House Newt

LOL, just slash headcount by 7% to get dat PPP up by 16%

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157141)



Reply Favorite

Date: March 4th, 2015 12:27 PM
Author: bateful menage



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27427635)



Reply Favorite

Date: February 11th, 2015 10:39 PM
Author: fluffy new version field

list is missing Jenner and perhaps a few other firms already poasted below

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297254)



Reply Favorite

Date: February 20th, 2015 7:50 PM
Author: fluffy new version field

fyi, amlaw put together a compilation in Feb 9; i think we have all of the updates covered

http://www.americanlawyer.com/id=1202717423172/An-Early-Look-at-The-2015-Am-Law-100-

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27358835)



Reply Favorite

Date: January 21st, 2015 5:54 AM
Author: Provocative idiot
Subject: Weil

After two consecutive years of profits per equity partner dipping by high single digits, Weil, Gotshal & Manges is reporting a 16.5 percent upswing for 2014, with PPP climbing to $2.4 million from $2.065 million—a level not seen since 2011.

Increased demand for the firm's services, combined with lower head count, also pushed revenue per lawyer up 9.1 percent, to $1.075 million from $985,000. Overall, the firm shrank by 85 lawyers, or 7.3 percent, to 1,072 from 1,157. Equity partner numbers drifted down by three, to 171 from 174, while overall, the partnership, including nonequity partners, dropped by 10 percent, to 281 from 312.

Read more: http://www.americanlawyer.com/id=1202715608032/The-Am-Law-100-the-Early-Numbers-Weil-Sees-Strong-Rebound-Year#ixzz3PS6Oj53P

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27156878)



Reply Favorite

Date: January 21st, 2015 9:05 AM
Author: Deep gaping cruise ship

Oh thank god. Finally all of those axed associates can sleep easy knowing that the sacrificing of their futures at least resulted in higher PPP.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157150)



Reply Favorite

Date: January 21st, 2015 9:16 AM
Author: Costumed House Newt

When did firms start being run like corporations, with PPP driving all decisions? Is it the jews?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157191)



Reply Favorite

Date: January 21st, 2015 9:18 AM
Author: swollen tanning salon

yes.

bro at the end of every month these dudes rifle through REEMS of paper with PPP, utlizatoin rates, realization rates etc. sabremetrics that would make reddit/bsaeball blush. its a fucking faggot service profession run by pencilnecked cowards.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157197)



Reply Favorite

Date: February 2nd, 2015 7:01 PM
Author: Histrionic Bipolar Brethren Locale



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27237807)



Reply Favorite

Date: January 21st, 2015 9:14 AM
Author: Chocolate Soul-stirring Set

Second page, please!

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157185)



Reply Favorite

Date: January 21st, 2015 9:18 AM
Author: Razzle-dazzle lemon theater stage



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27157199)



Reply Favorite

Date: February 1st, 2015 3:50 PM
Author: Dun Factory Reset Button Point



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27229261)



Reply Favorite

Date: January 30th, 2015 5:52 AM
Author: Provocative idiot
Subject: Goodwin Proctor

Building off a record year in 2013, Goodwin Procter saw gross revenues rise again in 2014, this time by 4.4 percent, to $785.5 million, according to The American Lawyer’s reporting. Revenue per lawyer increased by 6.1 percent, to $1.04 million, while profits per partner at the 755-lawyer firm grew 7.4 percent, to $1.75 million.

Read more: http://www.americanlawyer.com/id=1202716528090/The-Am-Law-100-the-Early-Numbers-Goodwin-Procter-Builds-on-2013-Growth#ixzz3QIiPNwei

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27214559)



Reply Favorite

Date: January 30th, 2015 5:56 AM
Author: crusty alpha

OK GOOD JOB GOODWIN BUT WHAT ABOUT ROPES AND GRAY

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27214561)



Reply Favorite

Date: January 30th, 2015 7:30 AM
Author: Maroon Contagious Depressive Chapel

Hazelrah, is that you?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27214608)



Reply Favorite

Date: February 5th, 2015 8:59 AM
Author: sable metal telephone



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27253756)



Reply Favorite

Date: January 30th, 2015 7:46 AM
Author: Provocative idiot
Subject: Irell

Irell & Manella saw solid growth in its revenue and profits in 2014, rebounding from a dip in performance the prior year. Gross revenue grew 4.4 percent to $247.5 million—still below the peak seen in 2012—but revenue per lawyer returned to its 2012 all-time high of $1.555 million.

Read more: http://www.therecorder.com/id=1202716543218/Irell-amp-Manella-Sees-Revenue-Profits-Climb#ixzz3QJB9Ty4W

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27214618)



Reply Favorite

Date: February 1st, 2015 3:38 PM
Author: Orchid Cruel-hearted Den

didnt like a ton of partners leave irell?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27229185)



Reply Favorite

Date: February 1st, 2015 3:46 PM
Author: fluffy new version field

at the start of 2015, not in 2014

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27229227)



Reply Favorite

Date: February 1st, 2015 3:27 PM
Author: Provocative idiot
Subject: Dorsey & Whitney

Minneapolis-based Dorsey & Whitney saw gross revenue increase by 3.8 percent to $338.5 million in 2014, while revenue per lawyer also grew by 3.8 percent, to $675,000. But the real jump was in profits per partner, which increased by 11 percent, to $605,000.

Read more: http://www.americanlawyer.com/id=1202716672703/The-Am-Law-100-the-Early-Numbers-Dorsey--Whitney-Records-Most-Profitable-Year#ixzz3QWk0Ja70

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27229104)



Reply Favorite

Date: February 1st, 2015 8:07 PM
Author: Pink Comical Senate Mediation

Is this firm any good?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27231369)



Reply Favorite

Date: February 1st, 2015 8:13 PM
Author: pontificating cerebral principal's office

http://www.dorsey.com/mondale_walter/

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27231417)



Reply Favorite

Date: February 3rd, 2015 10:45 PM
Author: Avocado slimy resort people who are hurt

According to the graphic in the American Lawyer article, their PPP is $3.6 million, which is up there with Cravath, Paul Weiss, Kirkland, Sullivan & Cromwell, etc.

http://www.americanlawyer.com/image/tal/charts/2015amlaws/dorsey.png

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27245350)



Reply Favorite

Date: February 1st, 2015 8:39 PM
Author: Exciting insane corner

rofl. pretty sure they made it so first and second years are no longer eligible for bonuses.

reminder: biglaw is filled with greedy human waste everywhere in the country. there is no such thing as "chill" biglaw in a secondary city

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27231735)



Reply Favorite

Date: February 1st, 2015 8:43 PM
Author: beady-eyed mewling garrison sneaky criminal

Fucklaw is self reporting huge percentage profits in 2014 on several options trades.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27231771)



Reply Favorite

Date: February 4th, 2015 5:13 PM
Author: Green Organic Girlfriend Lodge



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27249874)



Reply Favorite

Date: February 1st, 2015 9:00 PM
Author: irradiated hideous public bath



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27231939)



Reply Favorite

Date: February 2nd, 2015 4:33 PM
Author: Provocative idiot
Subject: Dechert

US firm Dechert grew its global gross revenue by 8 per cent in 2014 from $777.2m to $839.4m.

http://www.thelawyer.com/analysis/the-lawyer-management/financial-news/dechert-increases-global-revenue-by-8-per-cent-to-8394m/3031213.article

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27236971)



Reply Favorite

Date: February 2nd, 2015 4:46 PM
Author: fluffy new version field
Subject: Pillsbury

Rev +3% to 560M

Headcount 0 at 591

PPP +6% to 1.165M

RPL 0.95M

basically flat compared to 2013

SAN FRANCISCO — Gross revenue at Pillsbury Winthrop Shaw Pittman was up 3 percent in 2014, to $560 million, after dipping 3 percent in 2013.

With lawyer headcount exactly flat at 591, profits per partner rose 6 percent, to $1.165 million. Revenue per lawyer was $950,000.

"We grew our revenues while making bold investments," said James Rishwain, who has chaired the firm since 2006. In 2014 the firm opened new offices in Beijing and Austin (where it added 10 intellectual property attorneys poached from Bracewell & Giuliani this past week) and built a new building to house its Washington, D.C., office.

Rishwain attributed the positive results in 2014 to strong performances by the emerging growth, corporate, crisis management, insurance recovery and commercial litigation practices.

Read more: http://www.therecorder.com/id=1202716697518/With-Headcount-Flat-Pillsbury-Sees-3-Percent-Revenue-Gain#ixzz3QcuUTcPS

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27237040)



Reply Favorite

Date: February 2nd, 2015 6:07 PM
Author: fluffy new version field

McDermott

Rev +2.2% to 900M

RPL +4% to 0.9M

PPP -1% to 1.53M

Headcount -2.4% to 997

McDermott Will & Emery increased its revenue for the third straight year, while shrinking its head count. Last year, it brought in $900 million, up 2.2 percent from the year before; revenue per lawyer rose 4 percent to $900,000. Profits per partner dropped slightly by 1 percent, to $1.53 million.

McDermott increased its net income 4.5 percent, to $310 million, but PPP fell because the firm increased its equity partners ranks 6 percent, from 192 to 203. The number of nonequity partners stayed essentially flat, dropping by one partner to 368. The total number of lawyers at McDermott fell 2.4 percent, from 1,021 to 997.

After the financial crisis, from 2009 and 2011, McDermott’s revenue fell for three straight years, before rebounding in 2012.

“It was a very strong year with growth in all the right places,” says McDermott cochairman Jeffrey Stone. He says the firm saw especially good results in some of its traditional core practices, including health care, tax, and trusts and estates. Stone adds that the firm’s 35 percent profit margin was its best since 2007. “We grew revenue while shrinking head count in a deliberate and planned way.”

Last year, the firm formed McDermott+Consulting, a separate entity that provides lobbying and other regulatory and consulting advice, focused on health care clients. The firm also expanded its e-discovery business by opening a facility in China to handle discovery and investigations there. According to Stone, this is the first such e-discovery operation in China established by a U.S. law firm.

Read more: http://www.americanlawyer.com/id=1202716809444/The-Am-Law-100-the-Early-Numbers-McDermotts-Revenue-Spikes-While-Head-Count-Drops#ixzz3QdEn0TkX

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27237511)



Reply Favorite

Date: February 3rd, 2015 3:30 PM
Author: fluffy new version field
Subject: Munger

Munger

rev +7.5% to 266M

PPP +8% to 1.9M

RPL ? to 1.4M

AN FRANCISCO — After a boom year in 2013, Munger, Tolles & Olson grew revenue another 7.5 percent in 2014 to $266 million. The firm's profits per partner reached an all-time high of $1.9 million, a nearly 8 percent increase from 2013. Revenue per lawyer inched up last year to $1.4 million.

Those gains follow double-digit growth in 2013, when the firm saw a more than 15 percent surge in gross revenue and profits. Munger Tolles' financial performance in recent years puts it back on the course it ran until the financial crisis, when it saw revenue droop in 2009 and 2010.

Managing partner Sandra Seville-Jones said a number of high-stakes cases were a boon to the firm's business in 2014. Munger Tolles represented the National Collegiate Athletic Association in a hard-fought antitrust trial in Oakland over licensing rights for college athletes. The NCAA lost the case and has appealed to the U.S. Court of Appeals for the Ninth Circuit.

In a win for the firm's litigators, a federal judge cleared client Transocean Ltd., the drilling company that owned the Deepwater Horizon oil rig and leased it to BP PLC, of gross negligence in the 2010 Gulf of Mexico oil spill.

Seville-Jones said the firm's corporate practice enjoyed a strong year as well, representing headphone company Beats Electronics in its acquisition by Apple Inc., and advising long-time client Berkshire Hathaway Inc. in multiple deals.

The 190-lawyer firm ranked 123rd on last year's Am Law 200 and placed sixth in revenue per lawyer. It has offices in Los Angeles and San Francisco.

Read more: http://www.therecorder.com/id=1202716824474/Munger-Sees-More-Growth-in-Revenue-Profits#ixzz3QiS61mtD

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27242749)



Reply Favorite

Date: February 3rd, 2015 10:09 PM
Author: fluffy new version field
Subject: Cadwaladar

Cadwaladar

rev 0% to 482M

PPP -15.3% to 2.21M

RPL -3.2% to 1.07M

Headcount +15 to 452

On the heels of the abrupt departure of soon-to-be-chair James Woolery, Cadwalader, Wickersham & Taft reported a 15.3 percent decline in profits per partner in 2014, slipping to $2.21 million. Gross revenue remained flat at $481.5 million, while revenue per lawyer decreased by 3.2 percent, to $1.07 million.

Despite the numbers, managing partner Patrick Quinn—who took over as Cadwalader’s sole leader after Woolery’s departure—says 2014 was the firm’s busiest of the past six years, with demand for its attorneys at a high since 2008. He attributes last year’s financial declines to the “normal lag in collecting” and a number of investments the firm made in 2014 in areas such as technology, attorney training, programs to promote diversity and business trend analysis.

“Obviously, those are investments that you make not in the short term but in the long term,” Quinn says.

The firm increased the size of its junior class and has done some lateral associate hiring, he adds. Those hires are also reflected in the firm’s 2014 numbers, which show that its attorney head count went up by 15 lawyers for a total of 452, although the number of partners decreased by one to 102.

Quinn's predecessor, W. Christopher White, led the firm for seven years through the global economic downturn, which forced Cadwalader, a firm with a strong securitization practice, to let go of 130 associates. The fallout from the financial crisis was the subject of a 2008 feature story in The American Lawyer about Cadwalader.

White ceded his managing partner role in 2014 to Quinn. At the same time, the firm announced that M&A veteran Woolery, who had been lured away from his role as cohead of North American M&A at JPMorgan Chase a year earlier, would become the firm’s chair on Jan. 1, 2015. It was widely reported that Woolery, a former partner at Cravath, Swaine & Moore, was expected to build up Cadwalader’s M&A practice and attract clients in the financial services industry by serving as the public face of the firm.

But instead of taking the reins at Cadwalader last month, the firm announced that Woolery was jumping ship two years in to cofound an investment venture. Sources told The Am Law Daily that the would-be chair had started at Cadwalader with a three-year guarantee that was in the range of $8 million to $10 million per year.

When asked whether Woolery’s salary and any infrastructure hired around him contributed to the firm’s expenses in 2014, Quinn says that the entire firm will benefit from investments made last year.

“The investments … were very much made for the firm and not about any one individual partner,” he says, adding that Woolery was a significant contributor to business development.

Cadwalader saw a number of partners depart in 2014, including Houston-based energy partners Robert Stephens for Sidley Austin and Michael Niebruegge for Bracewell & Giuliani. At the moment, Cadwalader only lists one associate in its Houston office. Quinn says a lot of other lawyers spend time there.

Some New York-based partners have also left the firm, including Israel Dahan, a business litigator who joined King & Spalding in January of this year; Stewart Kagan, who joined Fried, Frank, Harris Shriver & Jacobson’s corporate department in March; Jason Halper, a financial institution litigator who joined Orrick, Herrington & Sutcliffe in July; and Jason Jurgens, a business litigator who joined Jones Day in June.

The firm did make some notable lateral hires, such as Ashurst's David Quirolo, a capital markets partner in London office and Morrison & Foerster's IP litigator Johnny Chiu in its Washington, D.C., office, both of whom joined Cadwalader in September. The firm also recruited Latham & Watkins corporate partner Michael Liu in Hong Kong, who was part of a seven-lawyer group hire noted by The Asian Lawyer in January.

Quinn stresses that the firm was particularly busy during the latter half of the year. For example, Cadwalader attorneys advised Mercuria Energy Group Limited on its acquisition of J.P. Morgan’s physical energy and commodities business for $3.5 billion, which closed in October. The firm counseled Forbes Media when it sold a majority stake to a group of Hong Kong-based international investors for $475 million and conducted the investigation into the University of North Carolina’s grading practices around college athletes, which concluded in October.

For the past several years, Cadwalader has remained in the top 15 or so firms nationally in profits per partner, though it saw a slight dip in 2013, according to The Am Law Daily’s previous reports.

Quinn says the firm will continue to grow in 2015. “We are very focused on being deep and very expert in a select number of practices,” he says, highlighting the recent growth in capital markets and financial restructuring in London and Hong Kong. “We do not seek to be everything to everyone.”

Read more: http://www.americanlawyer.com/id=1202716931139/The-Am-Law-100-the-Early-Numbers-Cadwaladers-Partner-Profits-Take-a-Hit#ixzz3Qk4ZEoOf

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27245108)



Reply Favorite

Date: February 3rd, 2015 10:38 PM
Author: Deep gaping cruise ship

Wow - that Cravath partner/sean hannity look like jumped ship the year he was supposed to take over as chairman (this just after he jumped ship from JPM as head of m&a for North America and that just after he jumped ship from partnership at cravath).

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27245294)



Reply Favorite

Date: February 13th, 2015 6:18 PM
Author: garnet zombie-like liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27309626)



Reply Favorite

Date: March 28th, 2015 2:34 PM
Author: garnet zombie-like liquid oxygen



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27570744)



Reply Favorite

Date: February 3rd, 2015 10:56 PM
Author: Costumed House Newt

"We shored up some holes in our asian ranks, bringing in Johnny Chiu in DC and Mike Liu in Hong Kong. Mike brought in another half-dozen chinamen, but I can't remember their names. Something or other Wu was one of em, I think."

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27245445)



Reply Favorite

Date: February 5th, 2015 6:40 AM
Author: swollen tanning salon



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27253545)



Reply Favorite

Date: February 4th, 2015 5:09 PM
Author: fluffy new version field
Subject: Fenwick

Fenwick (these positive numbers make Fenwick's TTT/SPS bonuses -- apparently 1/2 of DPW scale -- even more outrageous)

rev +19.1% to 327M

PPP +20.8% to 1.54M

RPL +15% to 1.1M

SAN FRANCISCO — Propelled by a thriving market for tech deals, Fenwick & West saw explosive growth in 2014, with revenues skyrocketing 19.1 percent to $327 million.

"Everything broke right this year," said firm chair and corporate partner Richard Dickson. "Everything aligned this year. Every cylinder hit. Every major practice area grew."

Revenue has shot up at the 288-lawyer Silicon Valley firm while head count has barely budged over the past three years, helping drive the firm's profits per partner up 20.8 percent to $1.54 million. The firm's revenue per lawyer jumped 15 percent in 2014 to more than $1.1 million.

Fenwick's success is "proof of the principle that there's riches in niches," said law firm consultant Peter Zeughauser of Zeughauser Consulting. He said the firm has benefited from its reputation for handling Valley deals, and added that he expects to see similar results from other firms with close ties to the tech industry, where Fenwick is a "bellwether."

The firm's business has grown organically with client demand, Dickson said. The firm handled more than 170 M&A transactions in 2014, worth an aggregate sum of about $55 billion.

Fenwick's major M&A clients in 2014 included WhatsApp Inc. in its acquisition by Facebook Inc.; Facebook in its purchase of virtual-reality company Oculus VR Inc; memory-chip manufacturer Spansion Inc. in its merger with Cypress Semiconductor Corp.; and Concur Technologies Inc. in its sale to SAP America Inc.

Fenwick also worked on 12 initial public offerings this past year for clients including camera company GoPro Inc. and King Digital Entertainment PLC, creator of the Candy Crush smartphone game. The firm also advised LendingClub Corp., which raised $870 million in the year's largest IPO for a U.S. tech company. In the litigation arena, Fenwick won a patent trial for online real estate database company Zillow Inc. and a securities class action for Immersion Corp., said Dickson, who took the reins from longtime chair and corporate partner Gordon "Gordy" Davidson on January 1, 2014.

Dickson said he has maintained Davidson's strategy of serving a niche clientele and fostering a collaborative environment.The revenue figures also include Flex by Fenwick, the firm's consulting service for interim in-house legal needs. Although not a major driver of the firm's growth, Flex has grown every year since its 2010 founding, Dickson said.

Read more: http://www.therecorder.com/id=1202716948656/Fenwick-Rides-Valley-Deal-Wave-to-Blockbuster-Year#ixzz3QohgY6N6

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27249862)



Reply Favorite

Date: February 4th, 2015 5:10 PM
Author: irradiated hideous public bath

holy shit

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27249864)



Reply Favorite

Date: February 5th, 2015 11:34 AM
Author: irate vigorous scourge upon the earth

ty associates for working 15% more hours for the same pay

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27254453)



Reply Favorite

Date: February 5th, 2015 6:33 AM
Author: Provocative idiot
Subject: Baker Botts

US firm Baker Botts has announced record revenue of $653m in its year-end financial results for 2014, increasing its turnover by 11.4 per cent from $586m.

Net income at the firm increased by 22.6 per cent to $299.3m in 2014, while profits per partner increased by 25.5 per cent to $1.7m.

http://www.thelawyer.com/baker-botts-boosts-2014-revenue-by-11-per-cent-to-a-record-653m/3031300.article

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27253537)



Reply Favorite

Date: February 5th, 2015 8:58 AM
Author: Green Organic Girlfriend Lodge



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27253750)



Reply Favorite

Date: February 5th, 2015 11:31 AM
Author: fluffy new version field

dat energy boom!

interesting to see what happens going forward with energy prices plummeting; it'll be hard to match these growth numbers in any event

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27254435)



Reply Favorite

Date: February 5th, 2015 11:34 AM
Author: primrose autistic center cuckold

it won't be too hard match them when they just stealth a whole bunch of associates so they can avoid sustaining a 5% decrease from this year's 25% increase in PPP.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27254449)



Reply Favorite

Date: February 5th, 2015 11:41 AM
Author: irate vigorous scourge upon the earth

i bet legal work will see a short dip and then come back for a period--there will be consolidation M&A, refinancing/recaps, distressed work and several PE funds are raising funds just to take advantage of depressed valuations. after that if the decline continues, i guess the legal work will dry up.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27254481)



Reply Favorite

Date: February 9th, 2015 5:49 PM
Author: Dun Factory Reset Button Point

FRAUDLIE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27281312)



Reply Favorite

Date: February 12th, 2015 12:25 AM
Author: Green Organic Girlfriend Lodge

What?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297923)



Reply Favorite

Date: March 4th, 2015 3:11 AM
Author: Dun Factory Reset Button Point

gif of Russian crain falling into sea

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27426643)



Reply Favorite

Date: February 5th, 2015 6:42 AM
Author: swollen tanning salon

do the magic cirlce

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27253546)



Reply Favorite

Date: February 6th, 2015 7:45 AM
Author: Provocative idiot
Subject: Akin Gump

Akin Gump Strauss Hauer & Feld's net income rose in 2014, climbing 12.8 percent, to $356 million, from $315.5 million in 2013.

"We saw growth across the board. There is not one part of the operation that is not carrying these numbers up," said the firm's chairwoman, Kim Koopersmith.

The firm's gross revenues climbed a more modest 4.8 percent, to $868 million in 2014, up from $828.5 million in 2013. The revenues per lawyer also increased modestly, 2.9 percent, to $1.055 million in 2014, up from $1.025 million the previous year. Similarly, profits per partner climbed slightly 2.7 percent, to $1.885 million in 2014, up from $1.835 million in 2013.

Read more: http://www.texaslawyer.com/id=1202717103451/Firm-Finance-Akin-Gump-Reports-128-Jump-in-Net-Income#ixzz3Qy6hY5mZ

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27260198)



Reply Favorite

Date: February 6th, 2015 10:37 PM
Author: fluffy new version field
Subject: Jenner

Jenner

Rev +14% to 408M

PPP +31% to 1.6M

Headcount -7.6% to 401

Those TTT bonuses appear even more outrageous in context of these numbers

Jenner & Block recorded a remarkable jump in revenue and profits in 2014, continuing the wild swings of the firm's fortunes in recent years. The improved results were in part due to its work for General Motors Corp. investigating the carmaker's ignition switch problem, which was led by Jenner chairman Anton Valukas. The firm's ranks of partners and lawyers also took a dip during this time.

Gross revenue improved 14 percent, to $408 million, and revenue per lawyer rose 23 percent, to $1.015 million. Profits per partner soared 31 percent, from $1.235 million to $1.615 million. Average compensation for all partners rose 29 percent, to $1.11 million.

The firm's head count fell 7.6 percent, to 401, and the number of equity partners dropped slightly, from 108 to 105. The number of nonequity partners dropped from 94 to 83.

Terrence Truax, who took over as managing partner in April, stresses that the revenue and profit increases should be taken in context, since 2013 was an unusual down year. "If you go back to 2010, 2011 and 2012, we're pretty steady," he says. Truax took over as managing partner after Susan Levy stepped down after six years in that post. Levy is now general counsel of Northern Trust Corp., a Jenner client.

In 2013, Jenner's revenue was off nearly 8 percent, and profits per partner plummeted 17 percent. The firm's revenue per lawyer dropped 7.8 percent that year.

In the three years from 2009 to 2011, the firm's PPP jumped by an average of 23 percent a year, thanks in part to Valukas' investigation into the collapse of Lehman Brothers Holdings. At the same time, Jenner boosted its profitability by shrinking its equity partner ranks.

Last March, General Motors hired Valukas to colead an investigation into the company's handling of complaints related to defective ignition switches. Truax says he can't discuss the billings for the GM matter, but adds that many other matters contributed to the increased revenue. "Our performance is deep and wide. We have many other very significant engagements across our offices," he says.

Truax also notes that the firm remains committed to its tradition of doing significant pro bono work. Jenner was rated the No. 1 firm for pro bono last year by The American Lawyer.

Despite the drop in head count, Truax says the firm is not intentionally trying to contract. "It's natural attrition," he explains.

Read more: http://www.americanlawyer.com/id=1202717329763/The-Am-Law-100-the-Early-Numbers-Profits-Revenue-Bounce-Back-for-Jenner--Block#ixzz3R1j1FP3e

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27265533)



Reply Favorite

Date: February 6th, 2015 10:42 PM
Author: Costumed House Newt

Revenue +14%

Headcount -7.6%

"We had a great year!"

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27265563)



Reply Favorite

Date: February 11th, 2015 10:50 PM
Author: Razzle-dazzle lemon theater stage



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297328)



Reply Favorite

Date: February 11th, 2015 10:52 PM
Author: Alcoholic charismatic home gaming laptop



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297332)



Reply Favorite

Date: February 9th, 2015 12:43 PM
Author: fluffy new version field
Subject: Paul Weiss

Paul Weiss (leverage is now 6:1)

rev +10.9% to 1.036B

PPP +6.2% to 3.845M

headcount +89 (+10.4%) to 943

With an array of major litigation, regulatory and transactional matters having its lawyers going full-throttle, Paul, Weiss, Rifkind, Wharton & Garrison broke the billion-dollar mark in gross revenue last year and set new records for partner profitability and attorney head count.

The New York-based firm reports that gross revenue surged to $1.036 billion, a 10.9 percent increase over 2013, when the firm grossed $934.5 million. Paul Weiss partners, all of whom have equity status, saw their earnings increase at almost the same rate. The firm’s average profits per partner were $3.845 million in 2014, a 6.2 percent increase from the $3.62 million a year earlier.

"We were fortunate to have another record-breaking years in profits, revenues and pro bono hours," says Paul Weiss chair Brad Karp. "Plus, we broke the billion-dollar mark in revenues, which is a significant milestone for us."

Gross revenue rose due to increased client demand, prompting Paul Weiss to take on a larger number of lawyers to handle the new work. Head count vaulted up 10.4 percent, from 854 to 943; partner ranks increased a more modest 3.1 percent, from 131 to 135, increasing leverage to nearly six lawyers per partner. Karp says his firm’s expenses increased last year due to all its newly hired lawyers, as well as a major investment in information technology.

“Our litigation, regulatory and transactional practices, which make up the bulk of our firm’s work, were exceptionally busy,” Karp says.

Litigation highlights included Theodore Wells Jr.'s report on the National Football League's Miami Dolphins locker-room hazing incident last year as well as its continuing work as lead counsel in the NFL’s concussion litigation (the league’s most recent federal tax filings show its paid more than $9 million to Paul Weiss); obtaining a $1 billion settlement for client Edwards Lifesciences Corp. in May in a long-running heart-valve patent war with Medtronic; getting dismissed a multibillion-dollar class action claim against client Pfizer last summer and convincing the U.S. Court of Appeals for the Second Circuit to overturn a federal district judge’s decision rejecting a $285 million settlement between Paul Weiss client Citigroup and the U.S. Securities and Exchange Commission over alleged misrepresentations in the collateralized debt obligation market.

M&A work also continued to pick up speed last year, with Paul Weiss advising principal parties on 145 global announced deals valued at $161 billion, causing the firm’s ranking on Bloomberg legal advisory tables to vault from 57th to 17th by total deal value. Transactional highlights include Paul Weiss representing Time Warner Cable on its proposed $67 billion acquisition by Comcast a year ago this month (the deal still awaits regulatory approval); helping Burger King Worldwide ink an $11.4 billion corporate inversion transaction with Canadian fast-food giant Tim Hortons in August and assisting Canada’s Lundin Mining in its $1.8 billion acquisition of Freeport-McMoRan's Chilean copper assets in October and assisting longtime private equity client General Atlantic on a smaller deal in December: a $46.5 million investment in Vox Media.

Paul Weiss’ partnership grew both laterally and internally last year. Five new partners were elevated in December; the firm also made a few prominent external hires, luring over Elizabeth Sacksteder, Citigroup's deputy general counsel, as well as Lorin Reisner, criminal division chief in the U.S. attorney’s office in Manhattan, who as deputy enforcement director at the SEC in 2011 struck a $285 million settlement with Paul Weiss and client Citigroup over alleged misrepresentations to investors in a Citi-backed CDO. (The firm continued to skim talent from Manhattan U.S. Attorney Preet Bharara's office earlier this week with the hire of litigation counsel Richard Tarlowe, chief of the complex frauds and cybercrime unit, and a former in-house lawyer at Goldman Sachs.)

Paul Weiss, which ranked fifth in PPP on the 2013 Am Law 100 rankings, appears to be benefiting from the increased stratification in financial performance among large firms. The 10 most profitable U.S.-based firms enjoyed 6.5 percent revenue growth on average, well above the industry average of 1.2 percent last year, according to a December client advisory by Citi Private Bank and Hildebrandt Consulting. (The study includes many, but not all Am Law 200 firms, as well as some firms that do not appear on the list.)

Looking back over the past seven years, Paul Weiss remains one of the few firms that has continued to grow in overall head count and partner numbers. Karp notes that the firm's revenues have risen 60 percent since 2007, profitability by another 40 percent and pro bono hours by 50 percent. Paul Weiss has not experienced a downturn in PPP since 1998, according to historical Am Law 100 data. Meanwhile, Karp notes the firm has kept its modified lockstep compensation system virtually unchanged and has increased its pro bono and diversity commitments.

“We are most proud of the fact that we have not cut corners or compromised our culture or core values to achieve our success,” Karp says.

Read more: http://www.americanlawyer.com/id=1202717393945/Paul-Weiss-Rides-Robust-Workload-to-Record-Highs#ixzz3RGrGiqcD

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27279675)



Reply Favorite

Date: February 9th, 2015 5:12 PM
Author: fluffy new version field
Subject: Sidley Austin

Sidley Austin (shit, Sidley is insanely leveraged when you consider that it only has 306 equity partners among 1761 lawyers)

Rev +9.5% to 1.753B

RPL +5.3% to 0.995M

PPP +6.1% to 1.99M

Headcount +3.8% to 1761

Sidley Austin's financials were up on all counts last year, with gross revenue climbing 9.5 percent, to $1.753 billion, and revenue per lawyer increasing 5.3 percent, to $995,000. Profits per partner improved 6.1 percent, to $1.99 million, while net income rose 11.2 percent, to $608 million. Average compensation for all partners moved up 7.6 percent, to $1.28 million.

Meanwhile, the firm's head count increased 3.8 percent to 1,761 lawyers. The number of equity partners increased 4.8 percent, to 306; nonequity partners edged up 1.1 percent, to 376.

Larry Barden, who chairs Sidley's management committee, says the firm's acquisition of some large lateral groups in 2013 had paid off, especially additions from Weil, Gotshal & Manges as well as Bingham McCutchen, which saw most of its partners absorbed into Morgan, Lewis & Bockius late last year.

Sidley picked up a 10-partner securities regulation group from Bingham in 2013 and plucked another 29 Dallas lawyers from Weil. That year, the firm posted 7 percent increases in revenue and net income and continued to see gains into the following year.

"We knew we would have an increase in revenue by the addition of these lateral groups," Barden says. "At the same time, we're seeing the recovery take hold. Our offices are pretty busy."

Among its bigger deals last year, Sidley represented General Electric Co. in the sale of its appliance division to Electrolux of Sweden for $3.3 billion. It also advised chemical company Sigma-Aldrich Corp. in its $17 billion sale to German pharmaceutical giant Merck KGaA. On the litigation side, Sidley’s U.S. Supreme Court practice had another strong year. The firm’s lawyers argued six cases last term, tying them with Paul Clement of Bancroft for the most arguments in that time.

Carter Phillips, who chairs the firm's executive committee, says the improved financials results were not due to just one practice having a big year. "It's pretty heartening," he says. "It really was across the board and across the offices."

Sidley elected 32 partners across 10 offices last year. And although the firm wasn't as active in the lateral market last year as it was in 2013, it did pick up Chicago litigator Bruce Braun in November from Winston & Strawn, where he had chaired that firm's complex commercial litigation group.

Read more: http://www.americanlawyer.com/id=1202717405656/The-Am-Law-100-the-Early-Numbers-For-Sidley-Its-Another-Year-of-Growth#ixzz3RHx54KJ4



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27281054)



Reply Favorite

Date: February 10th, 2015 10:11 PM
Author: fluffy new version field
Subject: Mayer Brown

Mayer Brown

Rev +6.7% to 1.223B

PPP +12.8% to 1.45M

RPL +5.8% to 0.825M

Headcount +1% to 1486

For the second straight year, Mayer Brown posted a double-digit rise in profits per partner, as gross revenue also increased.

The firm's revenue was up 6.7 percent to $1.223 billion and profits per partner jumped 12.8 percent to $1.45 million. Revenue per lawyer increased 5.8 percent to $825,000, while net income moved up 17.4 percent to $405.5 million.

The firm's head count stayed relatively flat, increasing 1 percent to 1,486 lawyers. The number of equity partners was up 4 percent to 280; the nonequity partner ranks dipped 1 percent to 323. Nonequity compensation increased to $92,500,000, a 14 percent rise.

"We are really excited about our progress over the last couple of years," says firm chairman Paul Theiss. "In 2014, we saw a very healthy increase in financial metrics across all regions, including America, Europe and Asia, and across all practice groups."

In 2013, Mayer Brown's profits per equity partner rose more than 11 percent on the back of 5 percent revenue growth.

Theiss credits the firm's investment in lateral partners in part for this growth. Mayer Brown brought in roughly 25 lateral partners last year, including Laurence Urgenson, a white collar specialist from Kirkland & Ellis. It also lured Elizabeth Espin Stern from Baker & McKenzie, where she was managing partner of that firm's Washington, D.C., office, to build its global mobility and migration practice. International arbitration specialists Mike Lennon and Alejandro López Ortiz joined from Baker Botts.

In corporate cross-border work, Mayer Brown advised ATP Oil & Gas (UK) Limited on its restructuring and $1.2 billion sale to Alpha Petroleum (UK) Holdings Limited. It also represented Morgan Stanley in the creation of the first securitization of trade finance receivables. In litigation, it counseled Google Inc. in several matters, including the "no-poach" antitrust case brought by Silicon Valley tech workers. It also advised HSBC Holdings plc in a suit brought by the Federal Housing Finance Agency over its sale of mortgage backed securities that settled last year.

Read more: http://www.americanlawyer.com/id=1202717556904/The-Am-Law-100-the-Early-Numbers-Mayer-Brown-Partner-Profits-Grow-by-Double-Digits#ixzz3RP0rAFIw

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27289820)



Reply Favorite

Date: February 10th, 2015 10:13 PM
Author: fluffy new version field
Subject: Cooley

Cooley

rev +19% to 802M

PPP +11% to 1.7M

RPL +6% 1.06M

Headcount +12% to ?

SAN FRANCISCO — Cooley saw its revenues and profits surge in 2014, with gross revenue up 19 percent to $802 million.

Revenue per lawyer rose six percent, to $1.06 million, while profits per partner grew 11 percent, to $1.7 million.

Cooley CEO Joe Conroy attributed the gains to an aggressive growth strategy.

The firm acquired the 54 remaining lawyers of Washington, D.C. regulatory shop Dow Lohnes at the start of the year, including 15 partners. The firm also poached a nine-lawyer Boston intellectual property group from Mintz, Levin, Cohn, Ferris, Glovsky and Popeo in April, including two partners.

All told, attorney headcount was up 12 percent. The firm had 82 more associates "to service a bigger ball of business," Conroy said. That brought Cooley's profit margin down from 40 to 38 percent.

But even with the addition of 15 Dow Lohnes partners, and the two from Mintz Levin, Cooley had just three more equity partners in 2014, helping the firm put more of the revenue gains into partner pockets.

The Valley's strong year for tech deals helped, of course. Fenwick & West saw its revenue per lawyer surge 15 percent in 2014.

But Conroy said Cooley's results were in large part due to its growth strategy paying off. He said the firm successfully cross-sold services after taking on the Dow Lohnes lawyers, whose regulatory capabilities, particularly in connection with the Federal Communications Commission, proved very attractive to Cooley's client base in tech and telecommunications.

Dow Lohnes, a once-Am Law 200 firm that never bounced back from the recession, had gross revenue just north of $50 million when Cooley acquired it, Conroy said. But he said that total understated how much its remaining partners could generate in a full-service firm.

Corporate led the way in generating revenue in 2014, Conroy said, estimating a 58-42 percent split between corporate and litigation work. Cooley advised over 100 completed equity offerings, including about 50 initial public offerings in 2014, and handled 185 M&A deals worth an aggregate $54 billion.

On the litigation side, Cooley successfully defended patent infringement claims against Gilead Sciences and Facebook. Cooley partner Michael Rhodes helped Google fend off certification in a proposed <a href="http://www.therecorder.com/id=1202647683894?keywords=gmail+and+" julia+love"&publication="The+Recorder"">data privacy class action over its handling of Gmail. The firm also successfully defended bestselling journalist Michael Lewis against a libel suit.

The firm expects to keep growing. Already in 2015, Cooley has opened a London office with 55 lawyers poached from such firms as Edwards Wildman Palmer and Morrison & Foerster.

Read more: http://www.therecorder.com/id=1202717588429/Cooleys-Revenue-Profits-Surge#ixzz3RP1FYWOH

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27289831)



Reply Favorite

Date: February 11th, 2015 10:38 PM
Author: fluffy new version field
Subject: Wilson Sonsini

Wilson Sonsini

Rev +12.3% to 646M

PPP +8.2% to 1.91M

RPL +4.3% to 965k

Headcount +8% to 670

SAN FRANCISCO — Wilson Sonsini Goodrich & Rosati saw double-digit revenue growth in 2014, taking the top line to $646 million in gross revenue. Wilson Sonsini's 12.3 percent growth marked its largest jump in recent years, though it didn't match the gains seen by tech-focused Valley rivals Cooley and Fenwick & West. Wilson Sonsini led the trio in profits per partner, at a lofty $1.91 million, but trailed its rivals in revenue per lawyer, which was up 4 percent to $965,000.

Douglas Clark, Wilson's comanaging partner, said the firm's keeps its focus on its own numbers. "We're not engaged in a comparative analysis." He said demand was strong across litigation and corporate practices. The firm's growth was not entirely organic, as it accompanied a period of what Clark called "aggressive hiring" that raised attorney count 8 percent, bringing the firm to 670 lawyers. During 2014, the firm opened a new office in Wilmington, Del., and added a Los Angeles energy and infrastructure group.

Wilson Sonsini advised on 22 initial public offerings and more than 150 M&A transactions worth an aggregate $40 billion. Big deals included advising Fusion-io on its $1.1 billion sale to SanDisk and Tibco on its $4.3 billion sale to Vista Equity Partners. Wilson Sonsini ranked tenth on Thomson Reuters' league table of legal advisors on U.S. deals, just ahead of Cooley and Fenwick.

The firm was listed as legal advisor in 249 rounds of financing, making it the leading law firm for U.S. venture financings according to Dow Jones VentureSource.

Major litigation matters in 2014 included a number of patent wins for high-profile clients. Wilson Sonsini successfully represented Google in a patent dispute before the International Trade Commission and Salesforce.com before the Patent Trial and Appeal Board. It delivered district court wins for United Therapeutics Corporation and Mylan Pharmaceuticals.

Read more: http://www.therecorder.com/id=1202717720046/Wilson-Grows-Top-Line-Lifts-Per-Partner-Profits-to-19-Million#ixzz3RUy0cY1v

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297247)



Reply Favorite

Date: February 11th, 2015 10:57 PM
Author: Milky Rigor

Ugh, fucking law firms are so small time, it's hilarious

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297377)



Reply Favorite

Date: February 12th, 2015 12:25 AM
Author: fluffy new version field

explain "small time"?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27297927)



Reply Favorite

Date: February 12th, 2015 5:14 AM
Author: Milky Rigor

Irrelevant small time shitholes with no scale, impact, or scope.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27299098)



Reply Favorite

Date: February 27th, 2015 12:41 AM
Author: Passionate market dragon

It's true. Even the biggest law firms are dwarfed by even their smallest clients. A client with $2-3 bill mark cap would be considered small by biglaw standards.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27398660)



Reply Favorite

Date: February 12th, 2015 4:55 PM
Author: Provocative idiot
Subject: Bracewell

The firm's gross revenue was $337.5 million in 2014, up from $323 million in 2013, and net income was $105 million, compared with $101 million in 2013. The average revenue per lawyer was $750,000, up 2.7 percent from $730,000 in 2013, and average profits per partner came in at $1.33 million, up 3.1 percent from $1.29 million the previous year.

Read more: http://www.texaslawyer.com/id=1202717259636/Firm-Finance-Bracewell-amp-Giulianis-2014-Financials-Up-From-2013#ixzz3RZQCIav0

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302074)



Reply Favorite

Date: March 4th, 2015 3:07 AM
Author: Dun Factory Reset Button Point

LOL @ 3 % PPP growth in HOUSTON

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27426635)



Reply Favorite

Date: February 12th, 2015 4:55 PM
Author: Provocative idiot
Subject: Arent Fox

Gross revenue increased by about 5 percent, to $276.5 million. Profits per partner jumped by $35,000 to $935,000, a 4 percent increase from 2013. The number of total lawyers rose 5 percent, to 346 lawyers, including the addition of four equity partners.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202717630748/Arent-Fox-Counts-Another-Record-Year-But-Stays-Comfortable-in-Size#ixzz3RZQIPFgZ

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302082)



Reply Favorite

Date: February 12th, 2015 4:56 PM
Author: Provocative idiot
Subject: Crowell

Crowell’s gross revenue grew in one year by 2.6 percent, to $368.5 million. The firm’s revenue per lawyer expanded from $775,000 in 2013 to $820,000 in 2014. Profits per partner crossed the $1 million threshold, to $1.03 million, compared with $930,000 the previous year, a 10.8 percent increase, the firm told ALM.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202717456852/Crowell-Reaps-Benefits-of-Cost-Management-Technology-Sees-11-PPP-Growth#ixzz3RZQQXVfb

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302085)



Reply Favorite

Date: February 12th, 2015 4:56 PM
Author: Provocative idiot
Subject: Greenberg

Gross revenue at the mega-law firm reached $1.27 billion while net income was up 5.7 percent to $426 million. Profits per partner increased 5.6 percent to an average $1.425 million. The firm also pushed up non-equity compensation 17.3 percent to $271.5 million, and average partner compensation was up 8.5 percent to $765,000. Revenue per lawyer grew fractionally to $735,000.

Read more: http://www.dailybusinessreview.com/id=1202717403112/Greenberg-Traurigs-2014-Financial-Results-are-a-Sign-of-Health-at-the-Firm#ixzz3RZQUC5Ah

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302089)



Reply Favorite

Date: February 12th, 2015 4:56 PM
Author: Provocative idiot
Subject: Holland and Knight

The Miami-based law firm topped the 1,000-lawyer mark, reporting 1,009 lawyers compared with 956 in 2013, an increase of 5.5 percent. That included a 3.3 percent increase in partners to 534, a 1.2 percent increase in equity partners to 172 and 4.3 percent rise in non-equity partners to 362. Profit per partner rose to $1.135 million.

Read more: http://www.dailybusinessreview.com/id=1202717384660/History-Making-Year-for-Holland-amp-Knight-in-2014#ixzz3RZQaEYdh

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302092)



Reply Favorite

Date: February 12th, 2015 5:13 PM
Author: Provocative idiot
Subject: King and Spaulding

Revenue increased markedly, by 8.4 percent to $934 million. Net income shot up 14 percent, from $351 million to $400 million, and profit per partner (PPP) jumped 10 percent, from $2.14 million to $2.355 million.

Read more: http://www.dailyreportonline.com/id=1202717437344/King-amp-Spalding-Tops-2013s-Partner-Profit-Boost#ixzz3RZUnmA3J

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302210)



Reply Favorite

Date: February 13th, 2015 1:10 AM
Author: fragrant roommate crotch

$2.3 million in atlanta is equivalent to how much in nyc?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27305521)



Reply Favorite

Date: February 13th, 2015 1:16 AM
Author: fluffy new version field

probably like 4M

but once you're above 2M per year, you live pretty well anywhere. don't think anyone in nyc making over 2M is like shiet, if only i lived in ATTTlanta, then I could afford an actual house and a car!

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27305554)



Reply Favorite

Date: February 13th, 2015 1:25 AM
Author: fragrant roommate crotch

How does a secondary market firm make so much money. That's more than sidley and a bunch of other major market firms.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27305590)



Reply Favorite

Date: February 24th, 2015 7:50 AM
Author: Deep gaping cruise ship

there are probably like 50 equity partners eating the breakfasts of 500 non-equity partners.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27381693)



Reply Favorite

Date: February 12th, 2015 5:14 PM
Author: Provocative idiot
Subject: Venable

For Venable, 2014 was a strong year across the board, with an 8 percent rise in gross revenue and a 9 percent increase in net income, yielding profits per partner of $970,000.

Total revenue was a record $442 million, up $32.5 million over 2013.

“We stayed to our knitting,” comanaging partner Robert Waldman said. “We’ve grown somewhat, but not ridiculously. That’s our recipe—orderly, organized growth.”

Read more: http://www.nationallawjournal.com/legaltimes/id=1202717230778/Venable-Boasts-Record-Revenue-and-Profits-in-2014#ixzz3RZV47zz4

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302222)



Reply Favorite

Date: February 12th, 2015 5:21 PM
Author: fluffy new version field

"comanaging partner Robert Waldman" sounds like a douche

“We stayed to our knitting,” comanaging partner Robert Waldman said. “We’ve grown somewhat, but not ridiculously. That’s our recipe—orderly, organized growth.”

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302282)



Reply Favorite

Date: February 12th, 2015 5:28 PM
Author: Dun Factory Reset Button Point

do dentons

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302370)



Reply Favorite

Date: February 12th, 2015 5:28 PM
Author: Dun Factory Reset Button Point

Norton Rose

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302377)



Reply Favorite

Date: February 12th, 2015 5:28 PM
Author: Dun Factory Reset Button Point

Do Vorys Sater

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27302381)



Reply Favorite

Date: February 12th, 2015 7:25 PM
Author: fluffy new version field
Subject: Baker Hostetler

Baker Hostetler

Rev +7.2% to 579M

PPP -13.4% to 0.81M

RPL -2.2% to 0.66M

Baker & Hostetler saw its profits per partner plunge 13.4 percent in 2014, in part because of a big contingency fee settlement that it reached with the trustee of now-defunct Howrey.

PPP came in at $810,000 while gross revenue grew by 7.2 percent to $579 million. Revenue per lawyer, meanwhile, dipped 2.2 percent to $660,000 at the 878-lawyer firm.

Firm chair R. Steven Kestner highlights the positive news in the firm’s 2014 financials: “We’re pleased with a 7 percent increase in gross revenue. For us, it was a year when we were making a lot of investments, including integrating the Woodcock firm.”

The firm announced in 2013 that it would acquire IP firm Woodcock Washburn in Philadelphia. The move took effect on Jan. 1, 2014, extending Baker & Hostetler’s footprint to Seattle and Atlanta, in addition to Philadelphia. It also added 23 lateral partners to the firm and helped boost head count by 80 lawyers while also increasing overall expenses.

Kestner explains that PPP was down in 2014 in large part because of a big contingency fee settlement the firm agreed to pay the Howrey estate. Baker & Hostetler had hired 11 Howrey partners who brought with them hefty legal fees as a result of a large antitrust case they had filed as their former firm was collapsing in 2011.

Baker & Hostetler’s leader says the firm hasn’t disclosed the settlement amount, but The Am Law Daily previously reported that it was $41 million. Although the settlement was announced in 2013, Kestner says it was charged as an expense in 2014.

After three years of steep growth due to its work on Bernard Madoff-related litigation, Baker & Hostetler’s financial performance began to level off last year when the firm reported its revenue was up by 6 percent, but PPP remained flat.

“The workload hasn’t materially changed,” says Kestner of the Madoff litigation. “It’s been in about the same range in the last couple years.”

He notes that Irving Picard, the firm partner serving as trustee liquidating Bernard L. Madoff Investment Securities, has recovered more than $10 billion for Madoff victims, and roughly $7 billion has been distributed.

Kestner adds that the firm’s “non-Madoff revenue has increased over 10 percent.”

Read more: http://www.americanlawyer.com/id=1202717802604/The-Am-Law-100-the-Early-Numbers-Baker--Hostetlers-Revenue-Up-Profits-Down#ixzz3Ra1ucwZx

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27303245)



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Date: February 13th, 2015 12:51 AM
Author: fluffy new version field
Subject: Orrick

Orrick (steady year for vacuums; 20% increase in equity partners to 141)

Rev +1.1% to 877M

PPP -5.9% to 1.595M

RPL +8.2% to 0.985M

Headcount -6.6% to 891

SAN FRANCISCO — In a year where some firms saw double digit growth, Orrick, Herrington & Sutcliffe shed lawyers in 2014 while inching gross revenue up 1.1 percent to $877 million. Firm chair Mitchell Zuklie said the shrinkage—lawyer headcount fell 6.6 percent, to 891 lawyers—was the result of a strategic decision to dial back its investments in certain areas, such as real estate, mergers and acquisitions and general commercial litigation. That allowed the firm to boost revenue per lawyer 8.2 percent, to $985,000.

Orrick's profits per partner fell 6 percent as the firm said that the number of partners fitting the American Lawyer's definition of equity partner increased 20 percent, to 141. The previous year, Orrick saw its per partner profits figure surge as it reported a sharp reduction in its equity ranks.

But Zuklie suggested these were really just shifts in categorizing the firms' partners. "Our partnership composition hasn't changed dramatically." he said Thursday.

Because The American Lawyer defines equity partner as one whose compensation is more than 50 percent dependent on the firm's performance, the reported numbers magnify what is actually a small shift, Zuklie said. Several of Orrick's junior partners crossed the 50 percent threshold in fiscal year 2014, and were counted as equity partners for the first time this year, Zuklie said.

Setting aside the distinction betweeen equity and nonequity partners, the average compensation for all partners at Orrick improved 5.7 percent.

Orrick has reduced lawyer headcount 15 percent since it peaked at 1,049 in 2011. Gross revenue has barely budged since 2008. But the firm has seen steady improvement in its revenue per lawyer the past few years.

"We feel good about the fact that we're going about it in a steady, sustainable way," Zuklie said of the firm's reduced size. "We'll probably get bigger next year."Zuklie, who took the reins in March 2013, wants the firm to specialize in three areas: technology, energy/infrastructure and finance. He said the firm has bolstered its appellate and white-collar criminal defense practices, as well as adding an office in the Ivory Coast to focus on energy and infrastructure. Zuklie said the firm brought on a total of 19 laterals in 2014. Transactional work came in just ahead of litigation this year, Zuklie said. He estimated it was about a 55-45 split. The firm's major transactional matters included advising SunEdison on its $2.4 billion acquisition of First Wind and Nest on its $3.2 billion sale to Google. In France, the firm advised Alstom's board in selling its $13.5 billion power generation business to General Electric and advised Peugeot on a $4.1 billion capital investment. Zuklie said the firm also advised on some of the largest data breaches announced last year, though he cannot discuss the clients.

On the litigation side, the firm represented Oracle in winning a reversal at the Federal Circuit in its suit against Google over the copyrightability of JavaScript code in the Android operating system. The firm also represented Apple in its smartphone litigation against Motorola before the Federal Circuit and won a $39 million damages award for Sierra Railroad in a trade secrets jury trial in California.

This report is part of ALM's early coverage of 2014 financial results of The Am Law 100/200, with final rankings and full results to be published in The American Lawyer and on AmericanLawyer.com.

Read more: http://www.therecorder.com/id=1202717815550/A-Trimmer-Orrick-Sees-Revenue-Per-Lawyer-Climb-8-Percent#ixzz3RbM46wPq

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27305429)



Reply Favorite

Date: February 13th, 2015 5:59 PM
Author: fluffy new version field
Subject: Davis Polk

Davis Polk

Rev +9.9% to 1.072B

PPP +12.1% to 3.29M

Headcount +7.5% to 871

For a fifth consecutive year, Davis Polk & Wardwell's profitability and revenue rose by significant margins, with the firm’s revenue surpassing the $1 billion mark for the first time.

According to reporting by The American Lawyer, average profits per partner at the firm crossed the $3 million threshold last year, to $3.29 million, a record high for the firm and 12.1 percent higher than the $2.94 million average in 2013. Revenue rose from $975 million in 2013 to $1.072 billion last year.

"It was really everything going well at the same time," says chair and managing partner Thomas Reid. "We feel pretty good about it. We've just become a lot more effective at winning clients and increasing our market share" in key practice areas.

In line with several Wall Street-focused competitors, the firm's 9.9 percent revenue spike was the product of a robust market for high-end corporate and litigation services. Greater leverage also boosted profitability; since 2008, the firm’s head count has increased 40 percent, from 622 to 871, while its partner tier has shrunk, from 159 to 153. Reid says he doesn’t expect leverage—currently at 4.7 nonpartners to every partner—to grow much more this year.

In a sign of the firm's confidence—and also its desire to retain its crop of midlevel associates—Davis Polk in November announced bonuses for its junior lawyers that beat the market rates set by Simpson Thacher & Bartlett a few weeks earlier. Associates continued to work very hard at the firm, Reid says, billing about 1,900 hours on average, not including pro bono work. (Pro bono hours were roughly flat with 2013, he notes.)

The firm's lawyer head count grew by 7.5 percent last year, from 810 in 2013 to 871; but the equity partnership remained flat at 153. The firm elected three new partners, all in the capital markets practice. Two new lateral partners joined the firm, including the former U.S. attorney for the Eastern District of Virginia (and Edward Snowden prosecutor) Neil MacBride, who was courted by several rivals. Nick Benham came on board from Ashurst, where he had spent nearly 14 years, most recently as a partner in the firm’s finance department in London. Two former partners—Mike Carroll and Denis McInerney—also rejoined from government and corporate positions.

"We feel our partnership is at about the right size," Reid says.

As the floodgates opened in global dealmaking, the firm juggled a half-dozen of last year's largest U.S. deals, and handled four of the five largest U.S. IPOs. Among the highlights: advising Comcast early last year on its $67 billion acquisition of Time Warner Cable; representing Tyson Foods in its successful duel for Hillshire Brands in June; and counseling Houston oilfield services giant Baker Hughes in its $34.6 billion acquisition last fall by Halliburton Co.

Globally, the firm defended AstraZeneca against a $119 billion bid by Pfizer, ultimately abandoned in May. It also advised Irish drugmaker Shire Plc on its proposed $54.8 billion sale to AbbVie; the massive transaction—which would have been the largest-ever corporate inversion—was terminated when new U.S. regulations curbed the ability of companies to reincorporate abroad.

Capital markets, a traditional strength of the firm, were also busy. The firm once again topped the Bloomberg legal advisory league tables in several areas, including U.S. corporate debt and equity offerings as counsel to underwriters. It won mandates from several major U.S. IPO issuers, including Citizens Financial Group, credit card issuer Synchrony Financial, Ally Financial Inc. and Chinese e-commerce company JD.com.

Litigators were also extremely busy defending banks and other parties last year. Among the most consuming matters in 2014: defending Bank of America Corp. in antitrust litigation involving allegations of rate-rigging in the setting of benchmark interbank lending rates; McGraw-Hill Financial Inc., parent of Standard & Poor's, in its sprawling subprime mortgage fraud enforcement actions (and in the landmark $1.375 billion settlement that was recently announced); and Royal Bank of Scotland Group PLC in another antitrust class action alleging rate-rigging by the major banks. It also helped longtime client Morgan Stanley reduce its liability arising from subprime mortgage securities losses, achieving dismissals in a few different cases.

Read more: http://www.americanlawyer.com/id=1202717880587/The-Am-Law-100-the-Early-Numbers-Davis-Polk-Posts-RecordHigh-Revenue-PPP#ixzz3RfWtv35A

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27309513)



Reply Favorite

Date: February 24th, 2015 7:51 AM
Author: Deep gaping cruise ship

jesus ppp jumped 12% to $3.3M? No wonder they were willing jack the bonuses up.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27381696)



Reply Favorite

Date: March 4th, 2015 3:10 AM
Author: Dun Factory Reset Button Point

YHEAAAA! OPEN A HOUSTON OFFICE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27426642)



Reply Favorite

Date: February 17th, 2015 9:44 PM
Author: fluffy new version field
Subject: Andrews Kurth

Andrews Kurth

rev +11.2% to 307M

PPP +14.2% to 1.205M

RPL +11% to 910k

Headcount 0% (NC) to 337

With practice areas across the firm posting strong years, gross revenue improved by 11.2 percent at Andrews Kurth in 2014 compared with 2013, and net income came in at $105 million, up 11.7 percent from the previous year.

"We had a nice contribution from really across the firm," said Bob Jewell, managing partner of the Houston-based firm. "A substantial part of the improvement was from our foreign offices, which exceeded our forecasts and are beginning to return the investment we made."

The firm has international offices in London, Dubai and Beijing.

Jewell also said activity in the "energy space," and a "nice result" in a bankruptcy/litigation matter he declined to identify, helped lead the firm to good financial results for 2014.

Gross revenue hit $307 million in 2014, compared with $276 million in 2013, and net income was $105 million, compared with $94 million the previous year.

Average revenue per lawyer was $910,000 in 2014, up 11 percent from $820,000 in 2013. Average profits per partner came in at $1.205 million in 2014, up 14.2 percent when compared with 2013's 1.055 million.

The story a year ago wasn't as rosy, when Jewell said a slowdown in demand in early 2013, combined with the cost of expansion in international offices, affected financials. In 2013, the firm's gross revenue declined by 3.5 percent compared with 2012 and net income dipped by 13.8 percent compared with 2012.

But Jewell said results in 2014 were "terrific" and 2013 was a "bit of an anomaly."

Jewell said that despite the decline in the price of oil during the last quarter of 2014, the firm's energy work did not drop off. In fact, he said the firm had a "record December." He said the firm's biggest clients were consistently busy throughout the year, and energy companies comprise about half of them.

In 2014, Jewell said, about 55 percent of work was from transactions and about 45 percent from litigation.

The firm's size was unchanged in 2014, with a full-time-equivalent of 337 lawyers in 2014 and in 2013. The firm lost a net of two equity partners, down to 87 from 89 on a full-time-equivalent basis, but added a net of two non-equity partners to 93 in 2014 compared to 91 in 2013.

Read more: http://www.texaslawyer.com/id=1202718142479/Firm-Finance-Andrews-Kurth-Posts-DoubleDigit-Increases-in-Gross-Revenue-Net-Income#ixzz3S3pad6Ce

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27337359)



Reply Favorite

Date: March 4th, 2015 3:09 AM
Author: Dun Factory Reset Button Point

NICE!! OH WHAY AN ENERGY SPACE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27426639)



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Date: February 18th, 2015 8:15 AM
Author: Provocative idiot
Subject: HoganLovells

Hogan Lovells reported an increase of 3.6 percent in its gross revenue for 2014, at $1.78 billion compared with 2013’s $1.72 billion. Revenue per lawyer rose by $10,000 to $755,000. And profits per partner stayed about flat, at $1.22 million.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202717900375/Hogan-Lovells-Gross-Revenue-Grows-by-36?back=NLJ#ixzz3S6ORXMAb

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27339844)



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Date: February 18th, 2015 8:20 AM
Author: Provocative idiot
Subject: Finnegan

All partners at the firm—both nonequity and equity—earned 26.8 percent more on average in 2014 compensation compared with 2013. That number, $1.04 million, sets a record for the firm. Profits per equity partner also rose similarly—up 23.2 percent to $1.22 million.

Revenue per lawyer increased at a more modest pace, from $905,000 in 2013 to $985,000, an 8.8 percent growth. Gross revenue, however, shrunk by 2.4 percent, to $309 million last year.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202716776710/Finnegan-Partner-Compensation-Rises-to-1M-Amid-Contractions#ixzz3S6PeRpQt

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27339852)



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Date: February 19th, 2015 5:51 PM
Author: fluffy new version field
Subject: White & Case

White & Case

rev ? to 1.5B

PPP +7.2% to 1.87M

RPL ? to 800k

Headcount -0.9% to ?

For White & Case, 2014 was a landmark year.

For the first time, the firm reached $1.5 billion in gross revenue, $2 million in profits per partner and $800,000 in revenue per lawyer. Profits per partner recorded a particularly robust bump of 7.2 percent, from $1.87 million in 2013. Over three years, PPP jumped 36 percent, from under $1.5 million to just over $2 million.

"This is the culmination of what we've been doing for the past five years,” says White & Case chairman Hugh Verrier, whose firm embarked on a major reorganization in 2009.

Verrier adds that the firm met its goals of boosting profitability and productivity over the past five years while keeping attorney head count roughly flat. (Last year head count dropped 0.9 percent, although the firm’s equity partnership increased slightly by 0.7 percent.) Verrier says that over the next five years White & Case aims to resume growth while continuing to boost financial performance.

High performing practices last year, Verrier says, included antitrust, arbitration, capital markets, private equity and restructuring. White & Case’s best-performing offices were in London, Paris and Washington, D.C., as well as the firm's smaller offices in Europe and the Middle East.

Among the litigation highlights of 2014 was the U.S. Court of Appeals for the Federal Circuit affirming a patent ruling that preserved the exclusive right of White & Case client Pfizer to sell the blockbuster anti-seizure drug Lyrica through 2018.

In some of its biggest deals this year, White & Case advised Zimmer Holdings on its $13.35 billion purchase of the medical device maker Biomet, a Chinese consortium on its $6 billion purchase of the Las Bambas copper project in Peru and Dynegy on its $6.25 billion acquisition of 21 power plants across New England and the Midwest.

Read more: http://www.americanlawyer.com/id=1202718388562/The-Am-Law-100-the-Early-Numbers-White--Case-Breaks-Barriers#ixzz3SEa3MnW3

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27351027)



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Date: February 20th, 2015 5:51 AM
Author: Provocative idiot
Subject: KL Gates

The firm’s London figures compare favourably to K&L Gates’ global results, which showed a turnover drop of 1.18 per cent from $1.158bn to $1.145bn (£744m).

Revenue per lawyer remained stable at $586,896, while profit per equity partner dipped by 0.4 per cent from $832,377 to $829,078.

http://www.thelawyer.com/analysis/the-lawyer-management/financial-news/kl-gates-posts-11-per-cent-boost-in-london-revenue-to-4496m/3031906.article

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27354778)



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Date: February 20th, 2015 7:48 PM
Author: fluffy new version field
Subject: Gibson Dunn

Gibson Dunn

Rev +5.7% to 1.446B

PPP +3.4% to 3.045M

RPL +1.3% to 1.215M

Headcount +50 (4.3%) to 1204

Continuing a trend of modest financial growth, Gibson, Dunn & Crutcher posted gross revenue of $1.466 billion in 2014, up 5.7 percent from the previous year, with profits per partner coming in at $3.05 million, a 3.4 percent increase.

According to The American Lawyer's reporting, Gibson Dunn saw a slight uptick—1.3 percent—in revenue per lawyer, inching to $1.22 million last year from $1.2 million in 2013.

The firm also added to its head count, growing it by 50 lawyers for a total of 1,204—a 4.3 percent jump. Gibson Dunn's number of partners remained stable, though there was a slight change in its breakdown of equity versus nonequity partners—nonequity partners decreased from 43 to 41, while equity partners increased by the same amount, from 290 to 292.

Kenneth Doran, Gibson Dunn's managing partner, describes 2014 as a steady year for the firm, marking its 19th straight year of record revenues and 18th straight year of record profits.

"Our primary focus is on quality and culture," Doran says. "We're very pleased that has resulted in yet another record year."

Although Gibson Dunn experienced an increase last year in its gross revenue, its growth rate of 5.7 percent was down a few percentage points compared with the past few years. Its 2013 financials, for instance, showed a 7.4 percent jump in gross revenue over the prior year; in 2012, Gibson Dunn's gross revenue increased 10.7 percent compared with 2011.

Doran, however, says he isn't concerned about the percentages, noting that because the firm keeps growing, "the steepness of the curve gets higher and higher."

Gibson Dunn has avoided mergers and tends to focus on lateral hiring of individuals or small groups of partners, rather than bringing in a large group that might cause a spike in revenue, according to Doran. The firm in 2014 focused on growing its transactional presence in London, bringing in several lateral partners.

"To the extent we grow, it’s a combination of organic growth and targeted lateral hiring," Doran says. "Our numbers therefore are unlikely to move astronomically."

Several of Gibson Dunn's practice groups—including its antitrust, securities, white-collar compliance, intellectual property and appellate practices—had excellent years from Doran's perspective. In addition to several wins at the U.S. Supreme Court, Gibson Dunn found success representing Chevron Corp. in its fight against an Ecuador court's $9.5 billion judgment over claims that the oil and gas giant damaged the Amazon rainforest.

On the transactional side, the firm's lawyers guided clients through a host of multi-billion-dollar deals, and its real estate practice, in particular, had a strong year, Doran says.

Gibson Dunn, for example, represented real estate developer the Related Cos. in connection with a $1.3 billion acquisition of Time Warner Inc.'s headquarters in Manhattan, and counseled Dutch beer giant Heineken on its $1.23 billion sale of a Mexican packaging plant.

Looking forward, Doran says the firm will keep looking to expand in certain markets to better serve the global companies it represents.

"Increasingly," he says, "our clients are large multinational companies with activity all over the world, and we need to be positioned to help them with their major transactions and disputes in key financial markets."

Read more: http://www.americanlawyer.com/id=1202718555469/The-Am-Law-100-the-Early-Numbers-For-Gibson-Dunn-Another-Year-of-Steady-Growth#ixzz3SKtzbZlC

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27358825)



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Date: February 20th, 2015 9:17 PM
Author: Maroon Contagious Depressive Chapel

I feel like the posters ITT fail to realize that XOXO has evolved from the useful website circa 2006 to the true shithole of 2016.

Hazelrah, this must be you. how have things worked out? are you still in biglaw?



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27359391)



Reply Favorite

Date: February 24th, 2015 8:11 AM
Author: Jade whorehouse



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27381711)



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Date: February 24th, 2015 7:05 AM
Author: Provocative idiot
Subject: Arnold Porter

Arnold & Porter grew its revenue by 1.2 per cent in 2014, boosting its total income from $686m to $694m (£449m).

The increase marks a sea change for the firm, which saw its revenue tumble by 6 per cent the previous year.

Its global net profit also grew by 1.2 per cent to $322.8m in 2014, up from $319m in 2013 following a 10 per cent drop from the previous year.

For 2014, the firm reported a revenue per lawyer of $994,000 and profit per partner of $1.39m.

http://www.thelawyer.com/analysis/the-lawyer-management/financial-news/arnold-and-porter-revenue-and-profit-up-by-12-per-cent-for-2014/3032005.article

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27381649)



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Date: February 24th, 2015 7:13 AM
Author: Provocative idiot
Subject: WilmerHale

Wilmer Cutler Pickering Hale and Dorr co-managing partner Robert Novick doesn’t care much that the firm saw its revenue and head count decline last year. He called 2014 a “terrific year” for the firm, because of the profits and the type of work that kept the firm busy.

“People talk about the revenue, but they forget the word profitable ought to be in front of revenue,” Novick told the NLJ.

Overall, Wilmer’s gross revenue declined by $2 million, or less than 1 percent, to $1.071 billion during 2014. The firm lost about 60 attorneys, or 6 percent of its lawyers. The equity partnership in 2014 became smaller by 11 full-time lawyers, for a total 286 equity partners.

Profits per partner climbed by $105,000 to $1.605 million, a 7 percent increase from the previous year. Revenue per lawyer also rose almost 7 percent, to $1.155 million.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202718663454/Profits-Per-Partner-Climb-at-Wilmer-to-16-Million#ixzz3SfE5KsQE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27381654)



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Date: February 24th, 2015 2:11 PM
Author: Provocative idiot
Subject: Latham

In 2014, gross revenue surged more than 14 percent to a record-high $2.6 billion, revenue per lawyer jumped 12 percent, to nearly $1.25 million, and profits per partner soared 16.5 percent, to $2.9 million. Perhaps most impressively, net income rose nearly 21 percent, to $1.325 billion. As a matter of comparison, Latham added $228 million in net income last year, which is close to the equity profit pool of Cahill Gordon & Reindel in our 2014 survey. It's also nearly double the net income of Latham in 1994, the first year of Dell's reign.

Read more: http://www.americanlawyer.com/id=1202718752500/The-Am-Law-100-the-Early-Numbers-Latham-Gives-Bob-Dell-a-Spectacular-Sendoff#ixzz3SgvNp13o

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27383047)



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Date: February 24th, 2015 2:16 PM
Author: irate vigorous scourge upon the earth

amazing how profits are up double digits across the board and many firms cross the $3mm PPP figure despite the doubling of associate bonuses last year. they should triple bonuses.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27383071)



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Date: February 24th, 2015 2:17 PM
Author: Saffron Odious Striped Hyena Hospital

They did. 7500 to 45K.

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27383075)



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Date: February 24th, 2015 6:08 PM
Author: fluffy new version field

Seems like 90% of the firms this year had what could be considered "good" years. Not sure why many of them didn't pay the DPW bonuses, with many paying 1/2 or less. It's pretty shitty (at least for associates) to get a 2013-type bonus when revenue, RPL, and PPP (in particular) were all up 5%-10% or more, reaching record levels, and you're getting pwn3d like it's ITE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27384178)



Reply Favorite

Date: February 26th, 2015 12:06 AM
Author: fluffy new version field
Subject: Milbank

Milbank

Rev +7.8% to 761M

PPP +7% to 2.745M

RPL +3.8% to 1.24M

Headcount +3.7% to 614

For the second straight year, Milbank, Tweed, Hadley & McCloy produced significant growth in revenue and profits. Gross revenue in 2014 was up 7.8 percent, to $761 million, while revenue per lawyer rose 3.8 percent, to $1.24 million. Profits per partner increased 7 percent, to $2.745 million, on net income of $395 million, an increase of 12.4 percent.

The firm's head count increased 3.7 percent, to 614 lawyers, and the number of equity partners rose from 137 to 144. Meanwhile, the firm's small class of nonequity partners dropped from 13 to eight, and nonequity compensation fell from $16 million to $7.5 million.

In 2013, Milbank's gross revenue increased 6 percent, and profits per partner rose 5 percent.

The firm's chairman, Scott Edelman, who is in the midst of handling a trial in Manhattan federal court for music publisher BMI in a royalty dispute with music streaming company Pandora, was not available to discuss Milbank's financial results on Wednesday. But he provided this comment to The Am Law Daily: "Our strategic focus on transactions and litigations that really matter to our clients continues to pay off … The result was that our lawyers were busier across all of our offices and practice groups."

Edelman has continued his litigation practice since he took over as chairman in March 2013. Last year, he won an important court victory for Citigroup Inc. in a dispute with the Saudi Abbar family over a $383 million investment gone sour.

Last year, the firm bolstered its litigation ranks by luring back George Canellos, the former co-chief of the Securities and Exchange Commission's Division of Enforcement, to become the global chairman of Milbank's litigation and arbitration group. It also hired former federal prosecutor Antonia Apps, who worked on insider trading cases against hedge funds, including the prosecution of SAC Capital Partners. In the corporate arena, it picked up Eric Reimer, who was the corporate finance chairman at O'Melveny & Myers, and Fiona Schaeffer, an M&A partner from Jones Day.

The firm has been busy with corporate leveraged financings, including work on collateralized loan obligations. According to Milbank, its CLO team advised on 38 transactions valued at more than $20 billion. It also represented dealer managers in Verizon Communication’s record breaking $13.3 billion private exchange offer. In bankruptcy and restructuring it's representing Lightsquared in its Chapter 11 case and advised debtors of Cengage Learning.

Read more: http://www.americanlawyer.com/id=1202718975070/The-Am-Law-100-the-Early-Numbers-Milbank-Sees-Spike-in-Revenue-Profits#ixzz3SpBdMl4n

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27393238)



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Date: February 26th, 2015 12:08 AM
Author: fluffy new version field
Subject: Kasowitz

Kasowitz (had a layoff)

Rev +14.6% to 263M

PPP +35.5% to 1.965M

RPL +26.8% to 780k

Headcount -35 (9.4%) to 337

After taking a hit in 2013, the litigation-focused Kasowitz, Benson, Torres & Friedman saw its gross revenue grow 14.6 percent in 2014 as the firm finalized two massive mortgage-backed securities settlements on behalf of the U.S. Federal Housing and Finance Agency.

According to The American Lawyer's reporting, Kasowitz's gross revenues rebounded from an 8.2 percent decline in 2013, when the firm pulled in $229.5 million. Kasowitz has been prone to ups and downs, but last year's gross revenue of $263 million marks the highest it has been at any point in the last decade.

"2014 was a strong year for us," says managing partner Marc Kasowitz. "We expect our results will continue to be strong, but as a litigation firm—like other litigation firms—we're subject to the ebbs and flows of big cases."

The jump in gross revenue in 2014 came alongside a 40.8 percent increase in net income, to $100 million. At the same time, the firm's head count dropped by 35 lawyers. That combination of factors at least partly explains the significant increases in revenue per lawyer and profits per partner compared with 2013. In 2014, Kasowitz's revenues per lawyer grew 26.8 percent, to $780,000, while profits per partner grew 35.5 percent, to about $1.97 million.

The 9.4 percent decrease in head count—from 372 lawyers in 2013 to 337 in 2014—stemmed mostly from the first significant layoff in the firm's 22-year history, as sibling publication New York Law Journal reported in February 2014. The staff reductions affected both partners and associates—the number of nonequity partners at the firm dropped from 63 in 2013 to 51 in 2014, a 19 percent decrease, though the firm increased its number of equity partners from 49 to 51, an uptick of 4.1 percent.

The overall attrition, according to Kasowitz partner Aaron Marks, resulted from some of the firm's big-ticket litigation matters wrapping up in 2012 and 2013.

"That was in response to the fact that in 2013, we did successfully resolve a number of big cases," he says in explaining the head count decrease. "The pipeline of work did not match the size of the firm."

After the slowdown in 2013, Kasowitz says the firm has since loaded up on new litigation work, handling ongoing matters for clients such as AMC Networks Inc., which is involved in a lawsuit over profit participation in its hit television show "The Walking Dead."

The firm also wrapped up a major litigation effort early in 2014, when the FHFA, one of Kasowitz's clients, reached a $1.25 billion settlement with Morgan Stanley, and, a few weeks later, a $122 million with French bank Société Générale over allegedly shoddy residential mortgage-backed securities those banks sold to Fannie Mae and Freddie Mac, of which the FHFA is now conservator.

Kasowitz and Marks declined to discuss the firm's fee arrangements with specific clients, but say most revenues have typically come from hourly work. Marks, however, says some of the firm's financial results in 2014 are attributable to recoveries from matters that were at least partly contingency-based. In 2013, by contrast, the firm didn't see much in the way of contingency recoveries.

Although Kasowitz has remained a litigation-heavy firm, it does have at least one thriving transactional practice, according to the managing partner. About four years ago, a real estate transactions group, led by Wallace Schwartz, Adam Endick and Douglas Heitner, joined the firm from Skadden, Arps, Slate Meagher & Flom. The group has now grown to about 15 lawyers, and has represented clients like Silverstein Properties Inc. in leasing several of the new World Trade Center buildings in Manhattan, and Africa Israel USA in its 2011, $165 million sale of the clock tower building near New York’s Madison Square Park.

"The reason that we took [the group] is because they're great lawyers, and it fits really nicely with our litigation practice in New York,” says Kasowitz.

Read more: http://www.americanlawyer.com/id=1202718971671/The-Am-Law-100-the-Early-Numbers-Kasowitzs-Revenues-Get-Big-Bounce-From-FHFA-Settlements#ixzz3SpC9IuOn



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27393248)



Reply Favorite

Date: February 27th, 2015 12:41 AM
Author: irradiated hideous public bath

wow

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27398662)



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Date: February 26th, 2015 12:10 AM
Author: fluffy new version field
Subject: Shearman

Shearman

Rev +3% to 845M

PPP +5.8% to 1.905M

RPL +1.5% to 1.03M

Headcount +1.5% to ?

Shearman & Sterling climbed another rung up the profitability ladder in 2014, boosting profits per partner by 5.8 percent, from $1.8 million to about $1.9 million last year, after clambering three steps up the ladder the prior year with a jump of nearly $300,000 per partner. The firm recorded more modest increases of 1.5 percent in revenue per lawyer and 3 percent in gross revenue.

"To be up as much as we are after 2013 is terrific," says senior partner Creighton Condon. "It cements our momentum."

Condon reported a blowout year in litigation—which the firm has pushed from 20 percent to 30 percent of revenues in three years. The firm's dispute lawyers twice made front-page news, by overturning hedge fund manager Todd Newman's insider trading conviction on appeal, and winning a record $50 billion arbitration award for the Yukos majority shareholders against Russia.

The firm's highest-profile capital markets deal was the U.S. IPO of Chinese social media champion Weibo Corp. On the M&A front, Shearman advised Sun Pharmaceutical Industries in its $4 billion purchase of Ranbaxy Laboratories; Albemarle Corporation in its $6 billion acquisition of chemical maker Rockwood Holdings; and by Zillow Inc. in its $3.5 billion buy of property website Trulia ,(The latter deal cleared antitrust hurdles only two weeks ago.)

Shearman's splashiest move on the lateral market in 2014 was to nab six partners in disputes and finance from Orrick, Herrington & Sutcliffe. Perhaps its most notable lateral loss was Latin American M&A head Michael McGuinness, who left for Jones Day.

While the firm ticked up only 1.5 percent in head count in 2014, it made 13 partners on Jan. 1, its largest crop since 2008. "We, as a general matter, are happy staying trim," says Condon. "We'll let the business grow as it grows to serve our client's high-end needs."

Read more: http://www.americanlawyer.com/id=1202718964061/The-Am-Law-100-the-Early-Numbers-Shearman-Builds-on-Breakout-2013#ixzz3SpCYb5OY



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27393260)



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Date: February 27th, 2015 12:33 AM
Author: fluffy new version field
Subject: Kaye Scholer

Rev -1.3% to 375M

PPP +1.8% to 1.41M

RPL +5.2% to 1.02M

Headcount -6.1% (-24) to 368

Kaye Scholer’s profits per partner increased a modest 1.8 percent in 2014, while revenue per lawyer grew 5.2 percent, according to The American Lawyer’s reporting.

The firm’s PPP rose to $1.41 million from $1.385 million in 2013. Revenue per lawyer jumped to $1.02 million from $970,000. Gross revenue, however, declined for the fourth consecutive year—but less than in previous years—dipping 1.3 percent to $375 million from $380 million the year before. The firm’s net income also declined 12.3 percent.

Kaye Scholer was able to increase partner profits and RPL by cutting expenses and significantly reducing its head count of equity partners and New York-based staff. Equity partners declined to 99 from 115, a 13.9 percent reduction; total partner head count also fell 6.1 percent, to 123 from 131, while total lawyer head count slid 6.1 percent, to 368 from 392. The number of nonequity partners increased to 24 from 16.

“Profits were up in a flat revenue year,” says firm managing partner Michael Solow. “If we grow our revenue, our profits per equity partner should move up very quickly, which has been a focus of our planning for the last several years.”

Profits per partner stood at roughly $1.4 million in 2011, the year after Solow became managing partner.

“Our PPP had dipped, and we were repositioning ourselves to move that number back up and make ourselves a more desirable platform to be an owner in,” he says.

Solow says the firm’s move to new midtown headquarters near Central Park in New York also may have made a dent in the firm’s financial results last year. In October, Kaye Scholer relocated from its former Park Avenue address, where it had been for 57 years, to new, high-tech Class A offices at 250 West 55th Street, where it now occupies 270,000 square feet on 10 floors. He says the move “was a significant time drain and endeavor for the partners, especially in New York, but I am confident that it will pay dividends for us for decades.”

Solow, who co-chairs Kaye Scholer’s bankruptcy practice, says the firm’s bankruptcy and securities litigation practice areas slowed last year as the economy improved, but its mergers and acquisitions and other corporate transactional activity picked up considerably among its many life sciences and financial services clients—a trend that is continuing into 2015.

Among the big deals that Kaye Scholer worked on in 2014 was its representation of Skilled Healthcare Group Inc. as it combined with Genesis HealthCare in an all-stock transaction to create a $5.5 billion company. In financing, Kaye Scholer advised Redwood Trust in the structuring, approval and documentation of a new mortgage loan purchase and securitization program involving members of the Federal Home Loan Bank system.

The firm also advised the National Hockey League’s New York Islanders owner Charles Wang on a definitive agreement to sell a substantial minority interest to an investor group, including Washington Capitals co-owner Jonathan Ledecky and investor Scott Malkin, for a reported $548 million.

On the litigation front, Kaye Scholer represented Google as counsel on three cases brought by Walker Digital LLC for auction patent infringement over contextual link provision in Web page advertising and automatic bidding in auctions. (Two of the cases were dismissed with prejudice, and a third received a judgment of no infringement that affirmed on appeal.)

In securities litigation, Kaye Scholer is defending client Howard Smith, former chief financial officer of American International Group, in a civil fraud lawsuit initially brought by former New York Attorney General Eliot Spitzer in connection with nine allegedly fraudulent and improper transactions by AIG that were restated in 2005.

As for lateral hires, Kaye Scholer brought on London-based equity partner Philip Perrotta from the U.K. law firm of Clyde & Co. in October as co-head of its aviation financing and leasing practice in Europe. In July, it hired Sidanth Rajagopal, also formerly of the Dubai office of Clyde & Co., as a partner focusing on emerging markets.

Kaye Scholer also recently recruited a trio of IP litigators from Dickstein Shapiro for its Silicon Valley office, as previously reported in sibling publication The Recorder. Solow says the firm decided to move its corporate transactional practice on the West Coast to Palo Alto from Los Angeles.

Other lateral hires last year included corporate partner Nicholas O’Keefe from Crowell & Moring; former U.S. Department of Justice attorney and antitrust counsel Philip Giordano; corporate partner Robert Claassen from Paul Hastings; Adam Golodner, head of the firm’s newly formed global cybersecurity and privacy group in Washington, D.C., from Cisco Systems; structured finance partner Lawton Camp from Allen & Overy; corporate partner Glynna Christian from legacy firm Squire Sanders; and bankruptcy and restructuring partner Stephen Rutenberg from Sidley Austin, as reported in The Am Law Daily.

Last February, Kaye Scholer also hired its first chief strategy officer, Bea Seravello, who oversees the support functions for all the revenue-generating activities of the law firm and is charged with integrating its administrative and legal functions, according to the firm. Seravello held the same position at Blank Rome for two years, according to a previous report in The Am Law Daily.

Read more: http://www.americanlawyer.com/id=1202719104229/Kaye-Scholer-Grows-PPP-While-Shrinking-Head-Count#ixzz3Sv8yizyZ

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27398616)



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Date: February 27th, 2015 12:35 AM
Author: fluffy new version field
Subject: Paul Hastings

Paul Hastings

Rev +6.3% to 1B

PPP +8.5% to 2.36M

RPL +8% to 1.145M

Headcount =16 to 873

Paul Hastings saw a record-breaking year in 2014, with gross revenue inching past the $1 billion mark for the first time in the firm’s history. Revenue per lawyer increased by 8 percent, to $1.15 million, while profits per partner grew 8.5 percent, to $2.36 million at the 873-attorney firm.

“It’s gratifying to have a year where the broad progress in our practices is reflected in record financial results,” says its chairman, Seth Zachary.

He points to securities and capital markets, leveraged finance, intellectual property and white-collar defense as areas that have done particularly well. He says the firm recognized Latin American as an area for growth several years ago and that investments there have proven successful.

In June, the firm represented a group of banks as initial purchasers in connection with Mexico-based Fibra Uno’s $2.5 billion follow-on offering, the largest equity offering ever in the real estate sector in Latin America, according to the firm.

In other transactional work, Paul Hastings’ leveraged finance team played a role in the largest leveraged buyout of 2014, in which Phoenix-based PetSmart sold itself for $8.7 billion to a consortium led by London-based private equity firm BC Partners. The firm represented a group of banks that financed the transaction, The Am Law Daily reported at the time.

Paul Hastings also continued to represent the world’s largest pork company, the China-based WH Group, in 2014. Paul Hastings was on hand for the company’s $2.36 billion Hong Kong IPO, after helping it acquire Smithfield Foods Inc. for $7.1 billion the year before.

On the litigation side, the firm saw a win for its client Supernus Pharmaceuticals Inc., whose three patents came under review and were deemed valid by the Patent Trial and Appeal Board in December, sibling publication The Recorder reported at the time.

The only area where the firm did not see growth was in its attorney head count, which dropped from 889 to 873 in 2014, though the number of partners rose by seven, to 269. The number of nonpartners fell by 23, to 604. Zachary says Paul Hastings expects to hire more associates this year as demand grows.

The firm made some notable lateral hires in the past year, including corporate partners James Cole and Peter Schwartz, who joined the firm’s London office from Weil, Gotshal & Manges and Milbank, Tweed, Hadley & McCloy, respectively. IP partner Naveen Modi joined the firm in Washington, D.C., from Finnegan, Henderson, Farabow, Garrett & Dunner, while Pfizer assistant general counsel Gary Giampetruzzi joined the firm as litigation partner in New York.

Read more: http://www.americanlawyer.com/id=1202719091967/Paul-Hastings-Revenue-Surpasses-1-Billion#ixzz3Sv9KTu64

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27398626)



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Date: February 27th, 2015 12:36 AM
Author: fluffy new version field
Subject: Nixon Peabody

Nixon Peabody

Rev -1.1% to 407M

PPP +7% to 760M

RPL +0.7% to 710k

Headcount +~100 to 573 (merger with Ungaretti)

Even though a potential merger deal with Blank Rome fell through, 2014 was another steady year for Nixon Peabody.

The 573-lawyer firm, which added roughly another 100 lawyers to its head count earlier this month by merging with Chicago’s Ungaretti & Harris, saw gross revenue and net income remain mostly flat last year. Gross revenue dipped 1.1 percent, from $411.5 million in 2013, to $407 million. And net income also slumped slightly, from $115 million in 2013, to $110 million.

Profits per partner, however, saw a 7 percent increase, from $710,000 in 2013, to $760,000 in 2014. Not surprisingly, Nixon Peabody’s equity partnership dropped 10.5 percent last year to 145, down from 162 in 2013. The firm’s non-equity partnership ranks rose 9.9 percent to 156 in 2014, up from 142 the year before. Average compensation of all partners showed a small increase of 1.9 percent from $535,000 in 2013 to $545,000 last year.

“We have virtually no debt and are financially very conservative and strong,” says Andrew Glincher, CEO and managing partner of Nixon Peabody. “We try to get leaner and more efficient, so we haven’t been growing for growth’s sake.”

Last year Nixon Peabody let go of 38 staffers, making it one of at least a half-dozen Am Law 200 firms cutting personnel in order to centralize support services. Glincher, an iced coffee aficionado who took over as firm leader four years ago when it faced a potential merger with Locke Lord and the departure of a large group of partners, has shaken up some management positions and implemented other changes, such as a new logo adopted by the firm in late 2013 to catch the eye of tech-savvy clients.

In 2014, Glincher says transactional work was an area of exceptional strength for Nixon Peabody.

Last year the firm advised longtime client Gannett Co. on its $1.8 billion acquisition of Cars.com from Classified Ventures LLC and $215 million acquisition of six television stations from SunTx Capital Partners-owned London Broadcasting Co. The latter deal came on the heels of Nixon Peabody’s role counseling Gannett on its $1.5 billion buy of fellow television station operator Belo Corp. in 2013. Nixon Peabody also served as finance counsel to transport company The Pasha Group on its $141.5 million acquisition in November of the Hawaiian operations of Charlotte-based container shipping and logistics giant Horizon Lines.

Nixon Peabody itself will continue to look at selective expansions of its own, Glincher says, even after the firm’s recent acquisition of Ungaretti & Harris. He notes that any future moves Nixon Peabody makes will remain focused on meeting client demand and staying true to its culture. (Nixon Peabody was formed in 1999 through the merger of two firms based in Boston and Rochester, New York.)

The “outpouring of support from clients was tremendous” following Nixon Peabody’s expansion into Chicago through the union with Ungaretti & Harris, says Glincher, adding that his firm is exploring potential opportunities to do a similar deal in California and New York.

Read more: http://www.americanlawyer.com/id=1202719062021/Nixon-Peabodys-Revenue-Dips-But-Partner-Profits-Climb#ixzz3Sv9jAZe7

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27398637)



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Date: February 27th, 2015 7:50 PM
Author: fluffy new version field
Subject: Wilkie

Wilkie

Rev +14.5% to 640M

PPP +14.5% to 2.256M

RPL +8.5% to 1.15M

Headcount +28 (5.3%) to 554

Willkie Farr & Gallagher enjoyed a record year in 2014, with profits per partner up 14.5 percent from a year ago to $2.56 million.

Gross revenue increased 14.5 percent, to $640 million from $559 million, while revenue per lawyer climbed 8.5 percent, to $1.155 million—an 8.5 percent increase from 2013. All three figures marked record highs for Willkie Farr, according to the firm. Net income, meanwhile, grew a robust 19.7 percent, to $353 million from $295 million in 2013.

The record profits and revenues occurred even as head count grew last year. Willkie’s total number of lawyers increased to 554 from 526, a 5.3 percent gain. There were six more equity partners than last year for a total of 138, up 4.5 percent, including promotion of eight new equity partners from the ranks of associates and counsel, the firm said.

“We have been very deliberate about our growth,” said the firm’s co-chairman Thomas Cerabino in a statement. “2014 was a busy and rewarding year for Willkie, reflecting increased demand for our services, both domestic and international. What has been especially gratifying is that we achieved these results without sacrificing investments for the future.”

The firm continued expanding its offices outside of New York, including opening its first new U.S. office in 30 years in Houston in November, focusing on private equity and finance in the energy industry. Its London office has grown to 27 attorneys in the last three years.

Among last year’s highlights, Willkie Farr advised Level 3 Communications in its $5.7 billion cash-and-stock acquisition of TW Telecom in July, as well as Japan’s Dai-Ichi Life Insurance Co. in its $5.7 billion buy of U.S. insurer Protective Life Corp. in June. Willkie Farr represented Men’s Wearhouse in its $1.8 billion buy of rival menswear dealer Jos. A. Bank. The well-publicized deal ended a six-month battle and created a combined company with more than 1,700 stores and about 26,000 employees.

In capital markets, Willkie Farr advised Paramount Corp., a longtime client, in its $2.6 billion initial public offering, which the firm says was the largest real estate investment trust (REIT) IPO in history. And in litigation, the firm obtained a victory for insurance broker Marsh USA in a precedent-setting trial.

On the lateral hiring front, Willkie Farr brought on partners Michael De Voe Piazza from Bracewell & Guiliani and Angela Olivarez from Jones Day. Kirk Radke joined Willkie Farr’s private equity practice group in New York early last year from Kirkland & Ellis, and Jim Burns, former deputy director of the U.S. Securities and Exchange Commission’s trading and markets division, joined the firm’s asset management group in Washington, D.C.

Read more: http://www.americanlawyer.com/id=1202719239935/The-Am-Law-100-the-Early-Numbers-Willkie-Farr--Gallagher-Achieves-Personal-Best-in-2014#ixzz3SzqGaevP

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27402859)



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Date: March 2nd, 2015 4:48 PM
Author: Provocative idiot
Subject: Covington

The white-shoe, D.C.-centric law firm saw increases on every major firm metric, ranging from a 2 percent increase in total lawyers to a 17 percent jump in net income. Profits per partner rose 15.6 percent, from $1.155 million in 2013 to $1.335 million. Gross revenue was up as well, to $709 million last year, an 8 percent increase. Revenue per lawyer hit $915,000 last year, a 6 percent increase from the year before.

Read more: http://www.nationallawjournal.com/legaltimes/id=1202719195491/Covington-Boasts-16-Percent-PPP-Growth-But-Thinks-LongTerm#ixzz3TGe0yZ5B

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27417867)



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Date: March 3rd, 2015 3:53 PM
Author: fluffy new version field
Subject: Vinson Elkins

Vinson Elkins

Rev +1.3% to 654M

PPP +12.6% to 1.925M

RPL +7.7% to 1.045M

Headcount -26 (4%) to 624

Vinson & Elkins posted a second record year in a row, with gross revenue up 3.6 percent when compared with 2013, and net income improving 1.6 percent.

"We were very pleased with the performance of our lawyers and our clients, who were great and continue to be great," said Mark Kelly, a partner in Houston who chairs the firm.

Thanks to a crush of energy-related work and transactional work for other clients, the firm's capital markets/mergers and acquisitions practice in particular was "crazy busy" in 2014, Kelly said. Because of the workload in those areas, the firm hired a number of lateral associates during the year.

Gross revenue at V&E, based in Houston, hit $653.5 million in 2014, compared with $630.5 million in 2013. Net income was $277.5 million, compared with $273 million the year before.

Revenue per lawyer averaged $1.045 million in 2014, up 7.7 percent from $970,000 in 2013, and profits per partner averaged $1.925 million in 2014, up 12.6 percent from $1.710 million the year before.

"We saw growth in virtually all of our areas," Kelly said.

Kelly said revenue in the firm's capital markets/mergers and acquisitions practice was up substantially in 2014, and litigation also marked a big increase in revenue for the year. He said other areas posting gains include finance, environmental, condemnation, real estate, bankruptcy/restructuring and labor.

During 2014, in the hot energy area, the firm had a role in Kinder Morgan Inc.'s $70 billion consolidation by representing the conflicts committee of El Paso Pipeline Partners. V&E lawyers also represented Targa Resources Partners and Targa Resources Corp. in their acquisitions of Atlas Pipeline Partners and Atlas Energy in a two-part deal valued at about $7.7 billion.

V&E also represented Antero Midstream Partners LP in its $1.2 billion initial public offering in November 2014, which the firm says was the largest master limited partnership IPO since Kinder Morgan Management LLC's $1 billion offering in 2001.

V&E's lawyer count shrunk by 4 percent in 2014, with a full-time-equivalent lawyer count of 624, compared with 650 in 2013. It also lost partners on a full-time-equivalent basis, with 218 partners in 2014, compared with 233 in 2013.

Read more: http://www.texaslawyer.com/id=1202719483582/Firm-Finance-VampE-Posts-Second-Record-Year-in-a-Row#ixzz3TMGd6Skg



(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27423311)



Reply Favorite

Date: March 4th, 2015 3:06 AM
Author: Dun Factory Reset Button Point

CONGRATS V&E ASSOCIATES, YOU WILL BE LAID OFF THIS YEAR

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27426630)



Reply Favorite

Date: March 4th, 2015 12:11 PM
Author: Stirring henna degenerate coldplay fan

why are Covington partners not making as much as they should?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27427581)



Reply Favorite

Date: March 4th, 2015 11:23 PM
Author: irradiated hideous public bath

less leverage, better shot at making partner = too many partners

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27431690)



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Date: March 4th, 2015 11:16 PM
Author: Provocative idiot
Subject: debevoise

The firm said gross revenue rose 3.24 percent, rising from $688 million in 2013 to $710 million last year. Profits per partner increased another 3.1 percent as partners on average took home $2.38 million last year, up from $2.31 million in 2013.

Read more: http://www.americanlawyer.com/id=1202719656042/The-Am-Law-100-the-Early-Numbers-Debevoise-Records-Solid-Revenue-Profit-Growth#ixzz3TTug4gIe

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27431631)



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Date: March 5th, 2015 4:59 PM
Author: fluffy new version field
Subject: Kramer Levin

Kramer Levin

Rev -0.5% to 321M

PPP +3.7% to 1.815M

RPL +1% to 1.04M

Headcount -5 (-1.6%) to 308

Kramer Levin Naftalis & Frankel posted a 3.7 percent gain in profits per partner last year, but gross revenue declined by half a percent.

Profits per partner increased to $1.815 million from $1.75 million, while gross revenue fell to $320.5 million from $322 million in 2013. Revenue per lawyer climbed 1 percent to $1.04 million from $1.03 million. Kramer Levin’s net income declined 0.8 percent, to $121.5 million, while its profit margin remained unchanged.

The firm’s managing partner, Paul Pearlman, who has held the office since August 2000, attributed the “de minimis” revenue decline to the unexpected delay of two large receivables “that we had expected to collect by year end,” he wrote in an emailed statement. “We were nevertheless quite pleased with our year given that profits per partner, revenue per lawyer and compensation for all partners all increased.”

Pearlman, who also spoke with The Am Law Daily by phone on Tuesday, noted that the firm’s two largest matters, which accounted for a “disproportionately large percentage of [its] revenues” in 2013, had “substantially concluded” in December of that year, leading to a slow start in 2014 that picked up later.

Those matters included the insider trading trial of former SAC Capital Advisors hedge fund manager Michael Steinberg, who was convicted in December, as reported in sibling publication The Litigation Daily, and the exit from bankruptcy of mortgage servicer Residential Capital LLC, as reported last July in The Am Law Daily.

As for head count, the total number of lawyers at Kramer Levin fell to 308 from 313, representing a 1.6 percent decline. Total partner head count fell by one, to 104 from 105. While the number of equity partners fell by three to 67, nonequity partners rose to 37 from 35.

Pearlman says the decrease in equity partners was the result of “a couple of departures, partners having reached retirement age and becoming counsel, and partners converting to nonequity in anticipation of reaching retirement age, offset by a couple of additions.”

One such departure was IP partner Donald Rhoads, who was with the law firm for almost 17 years. He left in November to open the Rhoads Legal Group, focusing on commercial and IP licensing, litigation and prosecution, as reported in The Am Law Daily.

As for additions, Kramer Levin hired pharmaceutical and biotech patent litigator Christine Willgoos in October as special counsel in its intellectual property practice from Paul Hastings, where she was counsel. Pierre Storrer, formerly of French bank Credit Agricole’s legal compliance department, joined the firm in December as counsel in the banking and payments practice, as previously reported in The Am Law Daily. Gilles Kolifrath also joined the Paris office in December as a partner in Kramer Levin’s banking and finance practice from Axa France, where he was general counsel in legal, tax and compliance.

In corporate restructuring and bankruptcy work for 2014, Kramer Levin represented about 30 institutions that hold $6 billion in first-lien bonds that were issued by bankrupt Caesars Entertainment Operating Co., the owner and operator of Caesars Palace in Las Vegas and more than two dozen other casinos and resorts under the Horseshoe, Bally’s and Harrah’s brands.

In November, the firm advised holders of more than $1 billion in certificates of participation in connection with final litigation and settlement rights against the city of Detroit and Financial Guaranty Insurance Corporation in the largest municipal bankruptcy case in U.S. history. In June, Kramer Levin also challenged Puerto Rico’s municipal reorganization statute on behalf of municipal bondholders Franklin Mutual and Oppenheimer Funds. A federal district court judge struck down the statute as unconstitutional last month.

In mergers and acquistions, Kramer Levin represented Del Monte Pacific Ltd. in its $1.68 billion acquisition of the consumer foods business of San Francisco-based Del Monte Corp., which closed in February 2014. The firm also counseled Millennium Partners in the sale of Sports Club LA and Reebok Sports Club/NY to Equinox Fitness for about $110 million in August, and advised Stone Point Capital Acquisitions in a large number of transactions last year, including the $300 million leveraged buyout of Oasis Outsourcing.

In litigation, Kramer Levin advised Johnson & Johnson in several matters, including successfully representing it in a breach-of-contract suit against Guidant Corp., its onetime acquisition target. It also advised Barington Capital Group, representing activist shareholders owning more than 2 percent of Darden Restaurants in a dispute with the restaurant chain over its agreement last May to sell itself to private equity firm Golden Gate Capital for a total of $2.1 billion, as reported in The Am Law Daily.

In real estate, Kramer Levin represented the Related Cos. in a number of matters, including the 26-acre “Hudson Yards” development on Manhattan’s far West Side that will have 13 million square feet of residential and commercial development when completed.

Read more: http://www.americanlawyer.com/id=1202719606600/The-Am-Law-100-the-Early-Numbers-Kramer-Levin-Sees-Mixed-Results-in-2014#ixzz3TYEFVIIr

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27435930)



Reply Favorite

Date: March 5th, 2015 4:59 PM
Author: fluffy new version field
Subject: DLA Piper

DLA Piper (lol)

Rev NC to 2.481M

PPP +12.5% to 1.49M

RPL +7.2% to 670k

Headcount -260 to 3702

DLA Piper overcame flat revenues to post record profits in 2014, according to reporting by The American Lawyer.

The firm’s gross revenue last year remained at $2.481 billion. Despite this, and a second consecutive drop in total lawyer head count, which fell by 260 attorneys to 3,702, DLA Piper’s net income rose by more than 10 percent, to a record high of $667 million. This increased efficiency pushed the firm’s profit margin from 24 to 27 percent—its highest since 2008—while average profits per equity partner rose 12.5 percent, to $1.49 million, another firm record. At the same time, revenue per lawyer climbed 7.2 percent, to $670,000 from $625,000.

DLA Piper global co-CEO Cameron Jay Rains says the results are a reflection of a concerted focus on improving the firm’s productivity and efficiency. “We’ve grown at a rapid pace, perhaps more than any other firm in the world,” he says. “We felt last year was a good time for us to work on improving individual productivity levels and to improve parts of the business that needed attention, which is an important discipline for any firm that has grown the way we have. There are some areas where we have good practices but had a few more people than we ideally should have. That’s something we’re continuing to refine.”

Rains singles out litigation as one practice area where the firm has been overlawyered, and says DLA Piper has been “fine-tuning” its presence in Asia-Pacific having “over-invested a little bit, like most law firms.” (As revealed by The American Lawyer, Fried Frank recently decided to effectively close its Hong Kong and Shanghai offices and pull out of Asia.)

Rains says that with the “obvious exception” of restructuring, the firm’s transactional practices had a “robust” 2014, pointing to a dozen IPOs handled by the firm in the United States alone last year, including Connecture Inc. in December and Neothetics Inc. in November. It also represented the underwriters in Trupanion's IPO in July. Other practices, such as IP litigation, were “intrinsically strong,” Rains adds.

The firm’s financial performance was also buoyed by continued efforts to lower costs. DLA Piper’s back office service center in Tampa, Florida, which opened in 2014, has proved “very effective” at saving money, Rains says, with the firm set to “push really hard” at establishing similar service centers around the globe.

The last 12 months have seen continued international expansion at DLA Piper. Earlier this week, the firm announced that it is finally breaking into the Canadian market, having secured a combination with 260-lawyer Vancouver firm Davis. DLA Piper had previously courted the now-defunct Canadian firm Heenan Blaikie, but those talks broke down last February after the two firms were “unable to agree economic terms,” as a DLA Piper representative told The American Lawyer at the time. Following the Davis tie-up, DLA Piper now has seven offices in Canada, including Calgary, Edmonton, Montreal, Toronto, Whitehorse and Yellowknife—the latter two in Canada's mining-rich provinces in the Yukon and Northwest Territories, respectively.

DLA Piper also joined the influx of international firms to Mexico following Mexican President Enrique Peña Nieto’s recent reforms that encourage foreign investment to the country’s oil, gas and electricity sectors. The firm in January secured a combination with 16-lawyer Mexico City practice Gallastegui y Lozano. (The very same day the combination was announced last October, Baker & McKenzie revealed that it was boosting its long-standing Mexico City office with a team of transactional partners from DLA Piper.)

DLA Piper's global co-chairman, Roger Melzer, says the firm is seeking to further increase its presence in Latin America, with potential tie-ups in “the more turbo-charged South American economies,” such as Colombia, as well as additional growth in Mexico. “We want to create a pan-South American practice that will allow us to do cross-border deals within the region,” he says.

Elsewhere, the firm last month boosted its Asia corporate team with the hire of Hong Kong M&A partner Melody He-Chen from Morrison & Foerster, having in January brought in three corporate partners in Singapore from Gibson Dunn & Crutcher and Jones Day. Rains says that the firm is also “studying” the potential of a combination with a domestic Chinese firm.

DLA Piper's international network no longer includes Istanbul, however, after its Turkish office demerged from the firm last November to reestablish itself as an independent practice. DLA Piper entered the Turkish market in 2010 through a merger with 100-lawyer Yüksel Kark&#305;n Küçük, Turkey’s largest law firm. But the two decided to separate after concluding that their “respective ambitions and strategies can be better delivered separately,” although YKK will continue to operate as a DLA Piper “relationship firm,” a DLA Piper spokesman confirmed to The Am Law Daily at the time.

Melzer says that with a “tough market” offering limited prospects for top-line growth—particularly in the United States—DLA Piper is investigating ways of diversifying its revenue streams. To that effect, the firm recently launched a subscription-based online platform that allows multinational companies to access information regarding cybersecurity laws for the countries in which they operate. CyberTrak, as it is known, is a partnership between DLA Piper’s wholly owned, non-law firm subsidiary Blue Edge Lab and the Internet Security Alliance (ISA), a cybersecurity trade association. Blue Edge Lab owns a 50 percent stake in the joint venture, according to The Washington Post. Melzer and Rains would not comment on the cost or anticipated revenue from CyberTrak, but confirmed that the costs and revenues will appear in DLA Piper’s accounts and therefore contribute to its financial performance in future Am Law 100 surveys.

Looking ahead, Rains says that while he “still looks at every day with some level of unease—the world economy is still a little shakey,” the firm is “bullish, but cautious” about its prospects for 2015. “The economy is better and certainly the market is stronger than it’s been for a considerable period of time,” he says. “There is plenty of opportunity for growth, and we feel pretty good about our ability to move the top line better than we did last year. We expect to improve in all areas.”

Read more: http://www.americanlawyer.com/id=1202719549681/The-Am-Law-100-the-Early-Numbers-DLA-Posts-Record-Profits-Despite-Flat-Revenue#ixzz3TYEZGkhE

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27435931)



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Date: March 5th, 2015 8:44 PM
Author: fluffy new version field
Subject: Proskauer

Proskauer

Rev +6.5% to 819M

PPP +7.7% to 2.1M

RPL +5.1% to 1.135M

Headcount +9 to 721

Proskauer Rose is now joining one of the most enviable clubs in the legal profession: the $2 million profit per partner league.

Last year, its PPP went up a healthy 7.7 percent, hitting $2.10 million. That compares with 2013, when partner profits stood at $1.95 million.

"Exceeding $2 million was a goal—it put us in good company," says Joseph Leccese, elected Proskauer’s youngest-ever chair in 2010. Leccese, who appears on the March cover of The American Lawyer for his high-profile transactional work in the sporting arena, says that 2014 was a “great year” for the firm.

Besides the bump in PPP, Proskauer saw growth in all key indicators: $818.50 million in gross revenue (up 6.5 percent from 2013); $1.135 million revenue per lawyer (up 5.1 percent); and $361.50 million in net income (a 8.6 percent increase).

Leccese says that transactional work fueled the uptick in all three metrics. Among the firm's more notable matters in 2014 were its representation of private equity firm Ares Management on a $216 million initial public offering—one that generated $9.5 million in legal fees and expenses—and the $1.4 billion sale of the National Football League’s Buffalo Bills. Proskauer also handled more than $20 billion in real estate transactions for American Realty Capital and advised a special committee of Hewlett-Packard’s board of directors in an independent review of the company’s controversial $10.3 billion acquisition in 2011 of British software maker Autonomy.

Proskauer is already landing some high-profile work in 2015. On Thursday, longtime partners and labor and employment veterans L. Robert Batterman and Bernard Plum helped client Major League Soccer reach a new collective bargaining agreement with players, smoothing the way for the league’s season to begin Friday.

Despite Proskauer's $50 million increase in gross revenue last year, head count at the firm grew modestly—the number of lawyers employed by the firm increased by only nine to 721 in 2014. Moreover, Proskauer’s equity partnership increased by one to 172 last year. A conservative approach to growth will likely continue at the firm.

Leccese says Proskauer’s plan is to "continue to grow moderately." Though the firm intends to hire more lateral partners this year—it brought in more than a dozen in 2014—Proskauer’s leader says there will be no extravagant pay packages for such new hires.

"We’re very conservative; we don’t carry long term debt,” Leccese says. “The new partners have relatively short guarantees—basically one year. I think we’ve all learned the lesson that you don't do long guarantees."

Read more: http://www.americanlawyer.com/id=1202719784433/The-Am-Law-100-the-Early-Numbers-Proskauer-Profits-Hit-New-High#ixzz3TZ91V1ln

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27437492)



Reply Favorite

Date: March 9th, 2015 4:03 PM
Author: fluffy new version field
Subject: O'Melveny

O'Melveny (ship be sinking)

Rev -9.3% to 665M

PPP -8% to 1.59M

RPL 0% to 1M

Headcount -8% to 663

O’Melveny & Myers took it on the chin in 2014, as the firm’s financial performance fell across the board in a number of key metrics.

Gross revenue slipped 9.3 percent, from $733 million in 2013 to $665 million last year, while profits per partner dropped nearly 8 percent, from $1.73 million in 2013, to $1.59 million in 2014. Attorney head count sank another 8 percent, from 721 to 663 last year, although revenue per lawyer remained flat at roughly $1 million.

Bradley Butwin, elected chair of the firm in 2011 following the 12-year reign of prominent Beltway partner Arthur “A.B.” Culvahouse Jr., says O’Melveny suffered from a dry spell in high-end litigation work following the resolution of several big cases in late 2013. The firm was also coming off a record-setting year in 2012, one that slowed a year later as the firm weaned itself off some large success fees, a longtime staple at O’Melveny that in the past have accounted for up to 20 percent of gross revenue.

“We had record years in 2012 and 2013, and we had some big cases that we resolved successfully for our clients,” says Butwin, noting O’Melveny’s work advising Anschutz Entertainment Group in a wrongful death suit filed by pop star Michael Jackson’s estate, U.S. Airways Group in an antitrust settlement with the U.S. Department of Justice allowing its $11 billion merger with American Airlines to move forward and the audit committee of gaming giant Las Vegas Sands Corp. in a long-running federal investigation under the Foreign Corrupt Practices Act. (O’Melveny was a general litigation finalist for The American Lawyer’s Litigation Department of the Year in 2014 and came in second in our A-List rankings last year.)

Last year, O’Melveny advised Giant Interactive Group—one of China’s largest online video game operators—on a $3 billion buyout by its chairman and private equity firms Baring Private Equity Asia and Hony Capital. The firm also helped scuttle a class certification motion in a multibillion-dollar price-fixing case against client Samsung and other consumer electronics giants like Hitachi, Sony and Toshiba.

To further bolster its litigation practice, which in most years accounts for more than 60 percent of O’Melveny’s gross revenue, Butwin says the firm has invested in new technology, such as the development of a new litigation support tool for clients. “We’re focused on long-term investments,” adds Butwin, who spoke with Forbes.com in December about his strategy for the firm. “We have no debt and a strong capital structure.”

Transactional work is an area where O’Melveny has struggled to keep up with longtime Los Angeles rivals such as Latham & Watkins, Paul Hastings and Gibson, Dunn & Crutcher. O’Melveny’s merger in 2002 with New York-based O’Sullivan, a firm focused on private equity work, didn’t work out as planned. Butwin, a litigator who maintains a robust practice, is one of the few O’Sullivan partners to remain at O’Melveny more than a decade later.

Butwin admits that transactional work is an area where the firm can improve, especially since a strong corporate practice can act as a buffer when countercyclical litigation work slows down. But he’s quick to tout the work that the corporate side did bring in last year, such as grabbing a lead role in December for The Lending Club on the peer-to-peer lender’s $870 million initial public offering, one that generated at least $3 million in legal fees and expenses.

A potential merger with another firm to add corporate ballast is not something that Butwin is interested in undertaking. Instead, he thinks that future lateral hires will help beef up the corporate side, and he’s not concerned with matching the head counts of competitors.

“We don’t have a goal to be a certain size, because every market is different,” says Butwin, citing the firm’s strong presence in California, New York, Washington, D.C., and Asia, as well as outposts in Brussels and London. “We will see growth come naturally. We’re a partnership that wants to be strategic in how we grow.”

Butwin takes pride in the fact that O’Melveny, unlike many of its Am Law 100 rivals, remains mostly an all-equity partnership. The firm’s equity ranks shrank 5 percent in 2014, dipping from 178 to 169, while the number of nonequity partners dropped by two, from 13 in 2013 to 11 last year.

Despite the drop in those numbers, Butwin notes that O’Melveny made 10 lateral hires in 2014 and 26 over the past three years, including additions in restructuring, project finance, IP and capital markets groups. In 2013, O’Melveny raided Cadwalader, Wickersham & Taft for bankruptcy practice leaders John Rapisardi and George Davis, a year after O’Melveny brought on a team of lawyers from Dewey & LeBoeuf led by Richard Shutran, corporate co-chairman of the now-defunct firm. In 2012, O'Melveny hired Shearman & Sterling's Michael Schiavone to co-chair its capital markets practice.

Last year, O’Melveny brought back Thomas Donilon, the Obama administration’s national security adviser from 2010 to 2013 as a partner and vice chairman of its policy committee in Washington, D.C. O’Melveny also welcomed back antitrust partner Edward “Ted” Hassi, a little more than three years after he left the firm’s Beltway base to become chief litigation counsel for the Federal Trade Commission’s bureau of competition.

But the frothy market for laterals also hit O’Melveny in 2014. Latham & Watkins added a six-partner sports, media and entertainment team in Los Angeles and London led by Joseph Calabrese—chairman of the O’Melveny practice group and one of The American Lawyer’s Star Lateral hires of last year—and Century City, California, office managing partner Christopher Brearton, a young Hollywood dealmaker. Latham opened a Century City office after the raid on a core practice at O’Melveny, which promptly issued a statement touting a new leadership structure for the group.

Also leaving the firm was Thomas McCoy, a longtime O’Melveny partner who after 15 years in-house at Advanced Micro Devices returned to the firm in 2010 to serve as chairman of its integrated legal services practice in Washington, D.C. McCoy, who ran against Butwin in the race to succeed Culvahouse as firm leader in 2011, returned to the in-house world in September when he became general counsel at engineering giant CH2M Hill. (The American Lawyer covered Butwin's ascension to leadership in a December 2011 feature story.)

The Asian Lawyer, a sibling publication, reported in late 2013 on a series of O’Melveny partner exits in Asia, where the firm has had a presence since 1986, a legacy of the late Warren Christopher, a former firm leader and onetime U.S. secretary of state. Butwin notes that O’Melveny has made hires to offset some of the losses, such as adding disputes partner Denis Brock from King & Wood Mallesons last fall and this month bringing back former associate Ronald Cheng as a partner in Los Angeles and Hong Kong. (O’Melveny also just named a new head of its Hong Kong office.)

“Though our boots on the ground are smaller, we have more lawyers focused on Asia than we’ve ever had,” says Butwin, ticking off the names of key clients for the firm in the region such as Samsung, Panasonic, Mitsui and Hynix.

While some Am Law 100 firms have struggled to make a go of it in Asia—Fried, Frank, Harris, Shriver & Jacobson announced earlier this year that it would shutter its offices in the region—Butwin maintains that a firm with strong West Coast roots like O’Melveny can hardly turn its back on the Pacific Rim. “There’s a tremendous amount of work [in Asia] that gets exported to the U.S.,” he says.

Two months into 2015, O’Melveny continues to watch more partners head elsewhere. Gibson Dunn grabbed partner Richard Grime in Washington, D.C., for its securities enforcement and white-collar defense group in January, the same month that Fried Frank hired London-based M&A partner Daniel Oates, who left the firm only a year after coming aboard from Kirkland & Ellis.

On Friday, sibling publication The National Law Journal reported on Covington & Burling’s opening of a Los Angeles office by hiring O’Melveny partner Daniel Shallman, a young litigator who once represented best-selling author J.K. Rowling. DLA Piper also picked up longtime O’Melveny litigation partner Linda Smith in Los Angeles, where the latter’s local managing partner, litigator Carla Christofferson, left this month to become general counsel at engineering and design giant AECOM.

Other young nonpartner litigators have also left, with counsel Vasu Muthyala heading to Kobre & Kim as a partner in Hong Kong, counsel Scott Graziano in Newport Beach, California, taking a role as senior legal counsel at hard-disk drive maker Western Digital, counsel Aaron Rofkahr in San Francisco signing on as senior counsel at energy giant Chevron and counsel Harrison Whitman in Los Angeles leaving for Las Vegas to become general counsel at Top Rank Boxing.

Some of those companies are O’Melveny clients, and Butwin says his firm has a long tradition of lawyers leaving to pursue opportunities in public service or the business side before they return to the firm. Whitman and O’Melveny teamed up last month to strike a deal on a long-awaited bout for Top Rank’s Manny Pacquiao against Floyd Mayweather Jr. And despite the recent retirement of longtime corporate partner Gary Singer in Los Angeles, he’ll remain a client of the firm in his new role as senior adviser for Newport Beach-based cabinetmaker RSI Holding.

Looking ahead, Butwin is betting on a bounce-back year for his 130-year-old firm. Toward the end of 2014, O’Melveny started to pick up assignments that Butwin believes will help the firm refill its litigation pipeline and bolster its bottom line.

Richard Parker, a senior partner who chairs O’Melveny's antitrust practice in Washington, D.C., partner Ian Simmons and Hassi were retained by Sysco last month to represent the country’s largest food service supplier in a suit filed by the FTC seeking to block its acquisition of U.S. Foods. Daniel Petrocelli, another star O’Melveny litigator, replaced three other Am Law 100 firms as counsel to SiriusXM Radio last year in a battle over copyrights to pre-1972 recordings. (The firm dodged sanctions in the case in February, as noted by sibling publication the Litigation Daily.)

The University of Virginia also hired O’Melveny in November to serve as independent counsel for an internal investigation—one whose legal costs have already reached more than $500,000—into sexual violence on campus in the aftermath of a controversial story by Rolling Stone. One of the lead partners handling that matter is Danielle Gray, a partner hired from the Obama administration last year for O’Melveny’s offices in New York and Washington, D.C.

“Things are looking very busy in 2015,” says Butwin of the new hires and new business. “We have two strategies. Continue doing what we’re good at, like litigation, and then fill in the gaps on the transactional side.”

Read more: http://www.americanlawyer.com/id=1202719951674/The-Am-Law-100-the-Early-Numbers-OMelveny-Down-But-Eyes-Rebound#ixzz3Tv9HrCMD

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27458156)



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Date: March 15th, 2015 8:47 AM
Author: Provocative idiot
Subject: fried frank

But profits per partner and revenue per lawyer both hit the highest marks in the firm’s history, with the former jumping 11 percent to $1.8 million and the latter increasing almost 9 percent to $1.11 million.

Fried Frank’s head count fell 8 percent from 450 lawyers in 2013, to 414 last year, while the firm’s number of equity partners dropped another 10 percent to 107 in 2014, down from 119 the year before. Non-equity partner ranks slipped slightly, from 15 in 2013 to 14 last year.

Read more: http://www.americanlawyer.com/id=1202720596490/The-Am-Law-100-the-Early-Numbers-Fried-Franks-Rebound-Continues#ixzz3USSXpG8b

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492539)



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Date: March 15th, 2015 8:53 AM
Author: Provocative idiot
Subject: cahill

revenue was down 1.7 percent in 2014, to $380 million from $386.5 million in 2013. Profits per partner dropped 4.4 percent, to $3.615 million from $3.78 million. Net income slipped slightly more, showing a 4.5 percent drop, to $224 million from $234.5 million.

Read more: http://www.americanlawyer.com/id=1202720600989/The-Am-Law-100-the-Early-Numbers-Cahills-Revenue-Profits-Slip-After-Two-Record-Years#ixzz3USU8W4BK

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492547)



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Date: March 15th, 2015 8:59 AM
Author: Provocative idiot
Subject: skadden

Skadden’s overall performance improved modestly last year, lifted by solid performance in litigation and transactional work. Bankruptcy remained soft. The firm’s revenue increased 3.6 percent to $2.315 billion on the back of increased demand, according to reporting by The American Lawyer. With partner head count dropping by 4 percent to 383, PPP rose 6.4 percent to $2.9 million. Overall head count edged slightly lower to 1654. M&A, a longtime Skadden staple, was a key highlight of 2014 as the firm snagged lead roles on a bevy of notable transactions, including many in the pharmaceutical sector, where controversial corporate inversions helped bolster Skadden’s bottom line.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USVhKvbN

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492554)



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Date: March 15th, 2015 9:00 AM
Author: Provocative idiot
Subject: sullivan

Sullivan & Cromwell’s financial performance was virtually unchanged last year, with its revenue and PPP flat to slightly down, according to reporting by The American Lawyer. The firm brought in $1.276 billion and the average partner took home $3.68 million, making it among the top two-to-three firms in profitability. Lawyer head count remained flat at 805, while partner head count dropped to 170 from 172. The firm had a hand in some big bank and energy litigations, including representing London-based Barclays in LIBOR investigations and France’s BNP Paribas to a $9 billion settlement, the largest criminal penalty in U.S. history. Sullivan & Cromwell also played a top role in two aborted takeovers: Valeant’s attempt to acquire Botox maker Allergan and AbbVie’s ill-fated bid for Shire.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USVnujFB

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492558)



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Date: March 15th, 2015 9:01 AM
Author: Provocative idiot
Subject: simpson

Simpson Thacher had among the strongest years of any New York firm, posting double-digit growth in PPP and revenue. Surging demand on both the transactional and litigation fronts prompted it to be the first-mover this past year in raising associate bonuses. PPP surged 10.1 percent to $3.485 million. Revenue also jumped 10.4 percent to $1.245 billion, aided in part by increased demand for transactional and litigation services. In part, the shift was due to a 5.9 percent increase in head count to 929 in 2014. Partner numbers also grew by 1.1 percent to 187. With some of the firm’s largest private equity clients—including KKR and The Blackstone Group—active in the deal space, Simpson Thacher handled scores of multi-billion dollar transactions, as well as topping the league table rankings in several capital markets categories.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USVzAVFM

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492559)



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Date: March 15th, 2015 9:01 AM
Author: Provocative idiot
Subject: schulte

Schulte Roth’s financial performance was lifted by strong demand for transactional advice. The firm raked in 3 percent more in revenue in 2014 and 4.5 percent more in PPP. Revenue stood at $400.5 million last year, while PPP reached $2.315 million, the firm reported. Partner ranks remained flat at 84, and overall attorney numbers grew slightly by 1.4 percent to 351. Schulte Roth had the lowest leverage numbers in the New York group last year, with just 3.18 lawyers per equity partner. Highlights included representing Aeroflex Holding on its $1.46 billion acquisition by British defense contractor Cobham and longtime hedge fund client Jana Partners in the $8.7 billion leveraged buyout of PetSmart last year; the firm ranked among the top legal advisors for activist shareholder campaigns last year.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USW6dbp6

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492560)



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Date: March 15th, 2015 9:02 AM
Author: Provocative idiot
Subject: cravath

Cravath had a very good year in 2014. Revenue and profitability both increased, with the former surging 5.5 percent to $648 million, and PPP rising 2.3 percent, to $3.37 million. The small partnership—92 equity partners—was the fastest growing of the New York elite, increasing by 5.7 percent, mostly as a result of new promotions. Overall attorney numbers increased as well, rising 2.8 percent to 442 lawyers. Cravath’s lawyers were busy handling a plethora of M&A work, including Mylan’s $5.3 billion inversion into Abbott Laboratories in July and InterMune in its $8.3 billion acquisition by Roche in August.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USWGOMWH

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492561)



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Date: March 15th, 2015 9:02 AM
Author: Provocative idiot
Subject: cleary

Cleary Gottlieb enjoyed a record year in 2014, despite some high-profile setbacks on the litigation front. Revenue rose 5 percent to $1.25 billion, while PPP at the all-equity firm jumped 12.3 percent to break the $3 million mark, according to reporting by The American Lawyer. The storied Wall Street firm continued its high-profile role doing debt restructuring work for sovereigns like Argentina, Greece and Puerto Rico, as well as its lead counsel role in the ongoing Nortel Networks bankruptcy, one that has brought a whopping $291 million into Cleary Gottlieb’s coffers since 2009. The firm advised buyout shop TPG on its investment in talent agency CAA, while also counseling Japanese brewery Suntory on its $16 billion buy of Beam and medical device maker Medtronic on its $42.5 billion acquisition of Dublin-based Covidien, which closed in January after skirting the controversy over corporate inversions.

Read more: http://www.americanlawyer.com/id=1202720572685/The-Am-Law-100-the-Early-Numbers-Elite-New-York-Firms-Once-Again-Break-From-the-Pack#ixzz3USWOatxH

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27492563)



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Date: March 19th, 2015 6:44 AM
Author: Provocative idiot
Subject: mofo

In a year when many Bay Area firms celebrated surging revenue, Morrison & Foerster saw its top line sag by 4.2 percent, from just above $1 billion in 2013 to $968.5 million in 2014.

The decline in revenue came as lawyer head count dropped 3.2 percent, to 988 lawyers. Revenue per lawyer fell 1 percent in 2014 to $980,000, while profits per equity partner sank more than 3 percent.

Read more: http://www.therecorder.com/id=1202720877143/MoFo-Hits-Slump-in-Revenue-Profits#ixzz3UpLWnqwG

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27517398)



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Date: March 19th, 2015 6:52 AM
Author: Provocative idiot
Subject: winston & strawn

The firm's gross revenue rose 6 percent, to $785.5 million, while profits per equity partner jumped 19.5 percent, to $1.685 million. Revenue per lawyer rose 8 percent, to $970,000 and net income increased another 9 percent, to $266.5 million.

Read more: http://www.americanlawyer.com/id=1202720695539/The-Am-Law-100-the-Early-Numbers-Partner-Profits-Soar-at-Winston--Strawn#ixzz3UpNq05OW

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27517409)



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Date: March 25th, 2015 6:28 PM
Author: Doobsian gas station
Subject: KIRKLAND & ELLIS

SHATTERS LOLOLOL

http://www.americanlawyer.com/id=1202721652324?rss=rss_tal_amlawdaily&slreturn=20150225182755

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27554207)



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Date: March 25th, 2015 6:38 PM
Author: embarrassed to the bone generalized bond casino

what's the shatters meme?

is k&e a good firm to work at?

(http://www.autoadmit.com/thread.php?thread_id=2787856&forum_id=2#27554263)