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2020 Law Firm Financials
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Date: January 22nd, 2021 8:42 AM Author: metal indigo university Subject: 2020 Law Firm Financials Firm Revenue RPL PPP Lawyers Kirkland 4.83(16.3) 1.77(10.8) 6.19(19.2) 2,725(14.9) Latham 4.33(15) 1.52(9.5) 4.52(19.6) 2,858(5.1) Paul Weiss 1.54(11.2) 1.52(11.6) 5.37(14.3) 1,017(-0.3) GibsonDun 2.16(7.6) 1.52(2.1) 4.13(9.7) 1,424(5.4) Debevoise 1.22(16.7) 1.59(7.8) 4.55(23) 769(8.3) Weil 1.66(9.2) 1.47(8.7) 4.52(12.1) 1,132(0.5) Milbank 1.24(15.6) 1.54(10.3)4.49(16) 801(4.7) Sidley 2.46(5.4) 1.31(7.6) 3.1(9.8) 1,882(-2.1) White&Case 2.38(9.3) ? 3.02(16.1) ? Cooley 1.55(16.8) 1.45(9.9) 3.18(25.4) 1,072(6.3) Fenwick 543(15.1) 1.46(7.3) 2.85(31.2) 372(7.3) WilmerHa 1.24(5) 1.44(2.4) 2.54(9.6) 866(2.6) Covington 1.32(11.3) 1.13(5.3) 1.9(5.5) 1,174(5.6) WSGR 1.13(17.6) 1.29(12.5) 3.05(26.2) 879(4.5) Goodwin 1.49(11.7) 1.25(?) 2.88(10.6) 1,187(8.8) Akin 1.21(6.8) 1.35(7.9) 3.02(16.3) 898(-1.4) KingSpal 1.53(14.3) 1.26(9.2) 3.51(17) 1,219(4.7) Wilkie 986(13.6) 1.3(4) 3.52(10.9) 760(9.2) OMM 835(0) 1.25(-.6) 2.46(6) 671(.6) Hogan 2.31(2.8) 884(4) 1.97(30.8) McDermott 1.38(17.9) 1.24(10.8) 2.52(25.6) 1,119(6.4) Orrick 1.15(-.5) 1.16(-.7) 2.52(10.9) 992(.3) Dechert 1.07(-5.7) 1.12(-4.3) 2.83(-5.7) 960(-1.4) MayerBro 1.52(2.2) 900(-1.0) 2.01(10.7) 1,685(3.2) DLAPiper 3.13(0.7) 784(-1.9) 2.12(8.8) 3,998(2.7) Greenberg 1.73(5.4) 797(0.5) 1.91(6.1) 2,171(4.9) AlstonBi 851(1.9) 1.09(4.2) 2.43(8.1) 779(-2.2) Pillsbury 723(6.8) 1.11(5.7) 1.96(26.3) 650(1.1) Shearman 861(-11.1) 1.03(-9.3)1.9(-22.9) 833(-1.9) BakerBot 711(-5.4) 989(-3.3) 1.85(15.3) 719(-2.1) ReedSmith 1.31(5.1) 811(4.2) 1.53(15.9) 1,616(0.8) HollandK 1.04(1.7) 901(6.4) 1.74(11) 1,159(-4.4) Boises 250(-38.3) 1.41(4.6) 2.29(-32.1) 177(-41) Jenner 446(-.4) 1.04(6.6) 1.74(9) 431(-6.5) FishRi 451(-4.4) 1.41(1.6) 1.98(-2.1) 321(-5.9) Perkins 1.00(7.1) 938(4.6) 1.43(4.5) 1,068(2.5) Arnold P 962(1.1) 1.07(3.1) 1.35(11.7) 901(-1.9) BakerHost 789(7.8) 869(5.6) 1.6(26.1) 909(2.1) McGuireW 831(-2.6) 891(3.2) 1.61(9.2) 933(-5.7) NelsonMul 577(3.4) 773(2.5) 1.32(15.6) 746(?) Lowenstein 350(2) 1.1(-1.3) 2.53(4.5) 318(3.4) Crowell 514(18.7) 1.1(21) 1.63(46.6) Nixon 488(-3.3) 885(3.4) 1.63(12.7) 552(-6.6) Bracewell 295(3.9) 901(7.5) 1.62(7.4) 327(-3.5) Locke Lord 482(-2.9) 820(1) 1.08(15) 588(-3.8) DavisWright 445(7.5) 834(6.1) 896(8.7) 534(1.4) Dorsey Whi 414(7) 812(10) 926(29.1) 510(-2.8) JacksonW 306(5.4) 793(3.7) 1.22(8.7) 385(3.7) Ballard 427(1.4) 721(2.7) 684(10.1) 593(-1.2) Bryan Cave 860(-1) 628(1.1) 837(0.5) 1370(-2.1) |
Date: January 22nd, 2021 8:43 AM Author: ruddy brethren stage Now do CSLG (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41803515) |
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Date: January 22nd, 2021 8:57 AM Author: metal indigo university Subject: Akin Extending a streak, Akin Gump Strauss Hauer & Feld posted an 11th straight year of revenue increases in 2020, with revenue per lawyer and profits per equity partner also jumping significantly as the firm benefited from a lineup of practices that thrived during the pandemic.
https://www.law.com/americanlawyer/2021/01/21/driven-by-pandemic-friendly-practice-mix-akin-gump-posts-another-year-of-growth/?kw=Driven%20by%20Pandemic-Friendly%20Practice%20Mix%2C%20Akin%20Gump%20Posts%20Another%20Year%20of%20Growth&utm_source=email&utm_medium=enl&utm_campaign=dailypaid&utm_content=20210122&utm_term=tal |
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Date: January 22nd, 2021 8:59 AM Author: arousing lavender fat ankles bawdyhouse i wonder how much of that was due to practicing law and how much was due to having cash in index funds (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41803570) |
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Date: March 15th, 2021 12:16 PM Author: bearded dopamine Really good point. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42107295) |
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Date: January 22nd, 2021 5:30 PM Author: metal indigo university Subject: McDermott In 2019, McDermott Will & Emery posted record profits, had its second consecutive year of double-digit growth in revenue and credited its practices around employment, health care and corporate work for the ascent. Even with a global pandemic, 2020 was even better for the firm.
https://www.law.com/americanlawyer/2021/01/22/mcdermott-posts-huge-gains-in-2020-even-though-it-never-felt-safe/?kw=McDermott%20Posts%20Huge%20Gains%20in%202020%2C%20Even%20Though%20It%20%27Never%20Felt%20Safe%27&utm_source=email&utm_medium=enl&utm_campaign=afternoonupdate&utm_content=20210122&utm_term=tal |
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Date: February 9th, 2021 5:04 PM Author: metal indigo university Subject: Nelson Mullins Nelson, Mullins, Riley & Scarborough saw a moderate increase in revenue in 2020 — and a double-digit percentage increase in profit — amid a steady demand in its core transactional and litigation practices.
Revenue grew 3.4% to $577.08 million, resulting in a 2.5% increase in revenue per lawyer to $773,000. Meanwhile, net income rose 12.2% to $225.14 million, pushing up average profits per equity partner 15.6% to $1,324,000.
https://www.law.com/americanlawyer/2021/02/09/profits-spike-at-nelson-mullins-as-firm-sees-expense-savings-and-steady-demand/ |
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Date: February 19th, 2021 3:09 PM Author: concupiscible parlour dysfunction Seeking Arrangement demands from USC coeds going to the MOON! (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41975021) |
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Date: February 11th, 2021 12:13 AM Author: metal indigo university Subject: Greenberg Greenberg, with an increase in billing rates, saw gross revenue rise 5.4% to $1.73 billion, the firm’s seventh consecutive year of record revenue. With a nearly 5% increase in attorney head count, revenue per lawyer stayed nearly constant, at $797,000. Meanwhile, profits per equity partner (PEP) rose 6.1% to $1.91 million.
https://www.law.com/americanlawyer/2021/02/10/greenberg-traurig-sees-record-revenue-as-nonequity-partner-tier-grows/ |
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Date: February 11th, 2021 12:15 AM Author: Blue vivacious base (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41924668) |
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Date: February 11th, 2021 12:16 AM Author: Cheese-eating puppy One of the classics. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41924672) |
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Date: February 11th, 2021 12:24 AM Author: sickened drunken national What’s the point of these threads every year (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41924703) |
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Date: February 17th, 2021 5:10 PM Author: underhanded aqua rehab Serious? This is a LAW bort (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41962825) |
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Date: March 10th, 2021 1:53 PM Author: Lascivious kitchen fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42080620) |
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Date: March 15th, 2021 12:16 PM Author: translucent set (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42107300) |
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Date: February 17th, 2021 4:32 AM Author: metal indigo university Subject: White and Case Thanks to designed geographic hedging, strong performances in capital markets, debt finance and financial restructuring and a motivated workforce determined to come together during the pandemic, White & Case hit $2.39 billion in revenue in 2020 to go along with double-digit increases in PPP and net income in yet another example of a top Big Law firm making the most of 2020.
https://www.law.com/americanlawyer/2021/02/16/rallying-around-crisis-white-case-closes-in-on-2-4b-in-revenue/ |
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Date: February 17th, 2021 4:32 AM Author: metal indigo university Subject: Cooley Cooley posted its 11th straight year of revenue growth in 2020, with a 16.8% increase bringing the firm’s top line to $1.55 billion, three times the firm’s 2010 earnings.
Revenue per lawyer grew just under 10%, while profits per equity partner climbed by 25.4% to $3.18 million. The firm grew profits even as the ratio between equity and nonequity partners remained steady: the firm’s nonequity partnership, accounting for slightly less than one-third of Cooley’s 328 partners, was almost entirely unchanged from 2019.
https://www.law.com/americanlawyer/2021/02/16/cooley-sees-revenue-and-profits-soar-as-tech-business-stayed-busy-in-2020-405-77124/ |
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Date: February 17th, 2021 4:33 AM Author: metal indigo university Subject: McGuire Woods While McGuireWoods did not have the eye-popping double-digit revenue and profit growth some of its Am Law 100 contemporaries saw last year, managing partner Tracy Walker expressed relief when asked about the firm’s 2020 results.
https://www.law.com/americanlawyer/2021/02/16/despite-revenue-dip-mcguirewoods-was-blessed-in-2020/ |
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Date: February 17th, 2021 4:33 AM Author: metal indigo university Subject: Holland and Knight The Miami-based Am Law 100 firm saw a 1.7% increase in gross revenue, reaching $1.04 billion in 2020. Revenue per lawyer rose 6.4% to $901,000, and profits per equity partner jumped 11% to $1.73 million. Meanwhile, nonequity compensation rose 3.8%, and the firm maintained its historical partner compensation ratio of 8:1.
https://www.law.com/americanlawyer/2021/02/16/how-holland-knight-posted-modest-revenue-growth-but-big-profits-in-2020/ |
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Date: February 17th, 2021 4:33 AM Author: metal indigo university Subject: Locke Lord Revenue at Locke Lord declined by 2.9% in 2020 as the firm continues to slim down, but net income swelled by 14.8%, the result of expense cuts and strong demand in a number of practice areas that surged due to the pandemic.
https://www.law.com/americanlawyer/2021/02/16/profits-took-a-big-leap-in-2020-at-locke-lord-even-as-revenue-slipped/ |
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Date: February 17th, 2021 5:07 PM Author: metal indigo university Subject: Debevoise Debevoise & Plimpton notched an enviable 16.7% gross revenue increase and more than 27% growth in net income last year, adding to a list of big firms that had an exceptional 2020 financial performance, which also includes Cooley and McDermott Will & Emery.
Revenue per lawyer (RPL) grew 7.8%, from $1,479,000 to $1,594,000. Profits per equity partner (PEP) skyrocketed from $3,702,000 to $4,554,000, an increase of 23%.
https://www.law.com/americanlawyer/2021/02/17/surprising-and-fascinating-debevoise-saw-partner-profits-jump-23-in-2020/ |
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Date: February 18th, 2021 3:45 PM Author: metal indigo university Subject: King and Spalding A spike in client demand for partners’ time and strong transactional work helped King & Spalding post a 14.3% increase in revenue to $1.53 billion and a 25.2% increase in net income to $713.45 million.
That growth translated into a 9.2% increase in revenue per lawyer to $1,255,000 and a 17% increase in profit per equity partner to $3,509,000, even with an increase in equity partners. It was the firm’s 11th straight year of revenue and profit growth.
https://www.law.com/americanlawyer/2021/02/18/king-spaldings-revenue-profit-soared-as-demand-for-partner-time-picked-up/ |
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Date: February 18th, 2021 3:45 PM Author: metal indigo university Subject: Crowell The Washington, D.C.-based firm’s gross revenue rose 18.7% to $514.39 million, and with a 2% drop in full-time equivalent head count, revenue per lawyer rose 21% to $1.1 million. Meanwhile, profits per equity partner shot up a whopping 46.6% to $1.629 million as equity partner head count saw a net decrease of about seven lawyers.
https://www.law.com/americanlawyer/2021/02/18/crowell-rides-contingency-fee-wins-to-47-spike-in-profits-double-digit-revenue-growth/ |
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Date: February 18th, 2021 3:46 PM Author: metal indigo university Subject: Dorsey and Whitney The firm boosted its gross revenue by 7%, from $387.2 million in 2019 to $414.1 million last year. Meanwhile, profits per equity partner went up by 29%, from $717,000 to $926,000, as net income increased by more than 23%, from $138.3 million to $170.3 million.
https://www.law.com/americanlawyer/2021/02/17/expense-cuts-early-planning-fueled-dorsey-whitneys-2020-profit-jump/ |
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Date: February 18th, 2021 3:46 PM Author: metal indigo university Subject: Dickinson Wright Michigan-founded Dickinson Wright, No. 126 in the 2020 Am Law rankings, rode high-end work in its IP, cannabis and corporate practices and significantly reduced expenses to secure 14.9% growth in profits per partner in 2020, even as revenue ticked up only 2.9% overall.
https://www.law.com/americanlawyer/2021/02/18/a-tale-of-two-halves-dickinson-wright-ups-ppp-by-15/ |
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Date: February 19th, 2021 3:06 PM Author: concupiscible parlour dysfunction Biglaw IP litigator here. Never considered Dickinson Wright to be a "high-end" IP firm. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41974988) |
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Date: February 19th, 2021 3:13 PM Author: ruddy brethren stage what firm u at brotato? probably oppo counsel in some of my cases. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41975058) |
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Date: February 19th, 2021 7:16 AM Author: metal indigo university Subject: Hogan Lovells Hogan Lovells’ diversified practice mix and geographic balance led to a 2.8% increase in gross revenue to $2.31 billion, while a change in the firm’s partner pay system helped its profits surge.
Profits per equity partner climbed by 30.8% in U.S. dollars to reach $1.97 million, a consequence of a focus on more efficient business practices, pandemic-related spending cuts and an adjustment to the firm’s compensation system that saw roughly 125 partners move from the firm’s equity to nonequity tier.
https://www.law.com/americanlawyer/2021/02/19/hogan-lovells-with-right-practice-mix-and-a-change-in-partner-pay-sees-profit-hike-405-77360/ |
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Date: February 19th, 2021 8:16 AM Author: concupiscible parlour dysfunction Just de-equitize 125 partners, and watch your PPP number go up!
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Date: February 19th, 2021 11:04 AM Author: charismatic doctorate market (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#41973104) |
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Date: March 3rd, 2021 3:11 AM Author: Lascivious kitchen fortuitous meteor (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42039273) |
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Date: February 19th, 2021 7:17 AM Author: metal indigo university Subject: Ballard The Philadelphia-based Am Law 100 firm had a 1.4% increase in its gross revenue, to $426,926,000. Revenue per lawyer (RPL) grew 2.7%, to $721,000, as total lawyer head count shrank by 1.2%, to 593.
https://www.law.com/americanlawyer/2021/02/18/ballard-spahr-grappled-with-overcapacity-in-2020-posting-slight-gains-in-revenue/ |
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Date: February 20th, 2021 12:44 AM Author: metal indigo university Subject: Jenner While Jenner & Block, a litigation-heavy firm based in Chicago, had no gross revenue growth last year, it saw a strong surge in profits. Its leaders say they are pleased with the 2020 results “given the headwinds” last year.
Gross revenue dipped slightly by 0.4% to roughly $446.3 million, and with about 30 fewer lawyers in 2020, the firm’s revenue per lawyer rose 6.6% to $1.036 million. Meanwhile, net income rose 9.5% and Jenner boosted profits per equity partner by 9% to about $1.74 million in 2020, even with a steady number of equity partners and a decline in the nonequity tier.
https://www.law.com/americanlawyer/2021/02/19/jenners-profit-surges-with-flat-revenue-and-head-count-decline/ |
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Date: February 20th, 2021 12:45 AM Author: metal indigo university Subject: Jackson Walker Jackson Walker, the largest Texas-only firm, posted another record year in 2020, with gross revenue up 5.4% and net income improving by 9.2%, as the firm’s mix of practices ended up being a good fit in an unexpected pandemic.
https://www.law.com/americanlawyer/2021/02/19/with-bankruptcy-work-booming-jackson-walker-posts-another-record-year/ |
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Date: February 20th, 2021 12:45 AM Author: metal indigo university Subject: BakerHostetler Baker & Hostetler chairman Paul Schmidt credits the firm’s decision to stick with the five-year plan it initiated at the start of 2020 as a key reason the Am Law 100 firm finished the year with healthy growth, boosting revenues by 7.8% to hit $789.4 million.
Baker & Hostetler financials“We were glad we had it,” said Schmidt, the Washington, D.C.-based leader of the firm for the past two years. “We actually relied very heavily on it to provide a road map to make progress in the midst of uncertainty. It allowed us to stay focused on priorities and make better advancement and cost-containment decisions.”
https://www.law.com/americanlawyer/2021/02/19/strategic-plan-new-data-practice-carry-baker-hostetler-to-26-profit-jump/ |
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Date: February 23rd, 2021 12:17 AM Author: metal indigo university Subject: Gibson Dunn With $2.16 billion in revenue in the last year, Gibson Dunn has now grown its top line for 25 straight years, while boosting profitability for 24 years in a row. The firm’s equity partners earned an average of $4.125 million in profits.
https://www.law.com/americanlawyer/2021/02/22/gibson-dunn-hits-quarter-century-of-consistent-growth/ |
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Date: February 23rd, 2021 12:18 AM Author: metal indigo university Subject: Lowenstein Lowenstein’s $350.1 million in gross revenue for fiscal 2020 was a 2% year-over-year increase from the prior year. Combining that with a 3.4% increase in attorney head count (to 318 average full-time equivalents) meant a decrease in the firm’s revenue per lawyer (RPL) figure—by 1.3%, to $1.1 million. Profit per equity partner (PEP), meanwhile, increased 4.5%, to $2.53 million.
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Date: February 23rd, 2021 12:19 AM Author: metal indigo university Subject: Fish & Richardson Yet the firm, originally from Boston, ended five years of steady revenue growth last year. After spiking at $472 million in 2019, gross revenue fell 4.4% to $451 million last year, while average profits per equity partner dipped 2.1% to $1.98 million in 2020, even with fewer equity partners at the firm. In an interview, Adkisson said 2019 was a tough act to follow.
https://www.law.com/americanlawyer/2021/02/22/even-with-growth-in-patent-work-fish-richardson-sees-revenue-decline/ |
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Date: February 23rd, 2021 1:54 PM Author: metal indigo university Subject: Alston Bird Alston & Bird posted a 1.9% revenue increase to $861.6 million and a 7.4% increase in net income to $368.8 million. That, combined with a 2.2% dip in attorney head count, translated into a 4.2% increase in revenue per lawyer to $1,094,000 and an 8.1% increase in average profits per equity partner (PEP) to $2,434,000.
https://www.law.com/americanlawyer/2021/02/23/alston-bird-amid-busy-lateral-hiring-year-boosts-profits/ |
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Date: February 28th, 2021 7:44 AM Author: metal indigo university Subject: Paul Weiss Paul, Weiss, Rifkind, Wharton & Garrison grew revenue 11.2% to cross the $1.5 billion mark, upped its profits per partner over 14% to nearly $5.4 million and saw its net income grow almost 19% to $856 million in a strong year for the firm that saw not just financial challenges for many businesses, but social and political upheaval that went to the core of how Paul Weiss wants to define itself.
https://www.law.com/americanlawyer/2021/02/26/bucking-pandemic-cost-cutting-trends-paul-weiss-still-managed-double-digit-growth/ |
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Date: February 28th, 2021 7:44 AM Author: metal indigo university Subject: Fenwick West But those profit jumps pale in comparison to that of Fenwick & West, which saw a staggering 40% increase in net income year over year, driving up profits per equity partner (PEP) 31.2%, from $2,169,000 to $2,846,000, as the firm’s equity tier grew.
https://www.law.com/americanlawyer/2021/02/25/how-busy-was-tech-law-last-year-just-look-at-fenwick-wests-40-larger-profit-pool/ |
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Date: February 28th, 2021 7:46 AM Author: metal indigo university Subject: Reed Smith Reed Smith posted a healthy 5.1% increase in revenues in 2020, bringing the top line to $1.31 billion after staring down the uncertain realities of the early days of the pandemic with a set of pay cuts for associates, staff and partners, followed by minimal layoffs.
https://www.law.com/americanlawyer/2021/02/24/in-a-year-of-austerity-measures-reed-smith-boosts-revenue-and-profits-405-77722/ |
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Date: February 28th, 2021 7:47 AM Author: metal indigo university Subject: Davis Wright And yet, the firm saw a 7.5% increase in gross revenue year over year, from $414 million in 2019 to $445 million in 2020. Revenue per lawyer (RPL) grew 6.1%, from $786,000 to $834,000. Profits per equity partner (PEP) also saw growth rising 8.7%, from $824,000 to $896,000.
https://www.law.com/americanlawyer/2021/02/24/davis-wright-tremaine-bucked-the-expense-trend-making-investments-during-the-pandemic/ |
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Date: February 28th, 2021 7:47 AM Author: metal indigo university Subject: Pillsbury Revenue came in at $723.5 million for the year, up 6.8% when compared with $677.3 million in 2019. The firm grew by only a handful of lawyers during the year, so revenue per lawyer (RPL) was $1.11 million, up 5.7% from $1.05 million from the prior year.
https://www.law.com/americanlawyer/2021/02/25/riding-on-tech-sector-demand-pillsbury-grew-profits-in-2020/ |
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Date: March 3rd, 2021 2:19 AM Author: metal indigo university Subject: Covington Citing client need for expert advice on policy, government enforcement and regulation, D.C.-founded Covington & Burling saw 11.3% revenue growth in 2020, while growing profits per equity partner (PEP) 5.5%.
https://www.law.com/americanlawyer/2021/03/02/pandemic-related-matters-fueled-covingtons-double-digit-revenue-growth/ |
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Date: March 3rd, 2021 7:50 AM Author: white odious den friendly grandma TTT (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42039494) |
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Date: March 3rd, 2021 8:35 AM Author: metal indigo university Subject: OMM The court closures that accompanied the COVID-19 shutdown prompted initial alarm last year at litigation-heavy O’Melveny & Myers. So firm chairman Bradley Butwin was thrilled with a year in which the firm, in spite of flat revenue, succeeded in raising profits per equity partner 6% to $2.46 million.
https://www.law.com/americanlawyer/2021/03/01/litigation-heavy-omelveny-sees-flat-revenue-6-profit-increase/ |
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Date: March 4th, 2021 3:32 AM Author: metal indigo university Subject: Sidley The Chicago firm also saw a 10.4% surge in net income, to $974 million. Lawyer head count fell by about 2%, to just over 1,880—a downtick firm leaders said was mostly caused by delaying a start date for associates, as well as a slowdown in lateral hiring amid the move to remote work.
https://www.law.com/americanlawyer/2021/03/03/sidleys-revenue-and-profits-climb-as-firm-leverages-practice-mix/ |
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Date: March 5th, 2021 12:52 AM Author: metal indigo university Subject: Perkins Coie Perkins Coie brought in more than $1 billion in revenue for the first time in 2020, a year driven by a tech boom and a sprawling effort to beat back voting restrictions and post-election challenges on the behalf of the Democratic Party.
Gross revenue at the firm grew 7%, from $935 million to $1 billion. Revenue per lawyer (RPL) jumped 4.6%, from $897,000 to $938,000.
https://www.law.com/americanlawyer/2021/03/04/perkins-coie-breaks-1b-revenue-targets-june-30-return-to-office/ |
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Date: March 5th, 2021 12:53 AM Author: metal indigo university Subject: Goodwin The firm’s total revenue was $1.49 billion, while profits per partner were up to $2.88 million from $2.61 million in 2019. Net income was up 20.4%, and the firm increased the size of its equity partnership.
https://www.law.com/americanlawyer/2021/03/04/goodwin-rides-life-sciences-private-equity-and-tech-to-20-profit-growth/ |
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Date: March 5th, 2021 1:02 AM Author: light blood rage gas station JFC no wonder BIGLAW bonuses were through the roof last year (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42051684) |
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Date: March 6th, 2021 1:55 AM Author: metal indigo university Subject: Weil Backed by a surge of restructuring matters during the pandemic and then an uptick in deal work in the last half of 2020, Weil, Gotshal & Manges pushed gross revenue up by 9.2% to $1.657 billion, while profits per partner rose 12.1% to $4.5 million.
https://www.law.com/americanlawyer/2021/03/05/weil-boosts-profits-12-amid-wave-of-restructuring-and-deal-work/ |
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Date: March 6th, 2021 1:56 AM Author: metal indigo university Subject: Baker Botts The Houston-based firm’s revenue hit $710.8 million in 2020, down 5.4% when compared with $751.1 million in 2019. With a total lawyer head count decline of 2.1%, revenue per lawyer (RPL) dropped by only 3.3%, coming in at $989,000 in 2020, compared with $1.023 million the prior year. Net income also saw a 3.6% decline in 2020, dropping from $315.6 million last year to $304.2 million.
https://www.law.com/americanlawyer/2021/03/05/despite-revenue-profit-declines-baker-botts-cashed-in-on-technology-energy-sectors-in-2020/ |
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Date: March 10th, 2021 1:42 AM Author: metal indigo university Subject: Bryan Cave Gross revenue at the firm dipped by 1% to $860.1 million, while profits per equity partner increased by 0.5% to $837,000. But co-chairs Lisa Mayhew and Steve Baumer agreed that the new plan, dubbed Project Advance, puts the firm in position to thrive in the coming years.
https://www.law.com/americanlawyer/2021/03/08/with-new-strategic-plan-in-place-bryan-cave-leighton-paisner-posts-flat-2020/ |
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Date: March 10th, 2021 1:42 AM Author: metal indigo university Subject: Shearman Facing a deep downturn in transactional work, Shearman & Sterling’s revenue dropped 11% to $861 million, while average profits per equity partner fell 22.9% to $1.897 million.
https://www.law.com/americanlawyer/2021/03/09/after-drop-in-profits-and-deal-work-shearman-optimistic-about-2021-growth/ |
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Date: March 10th, 2021 1:45 AM Author: Lascivious kitchen fortuitous meteor JFC (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42078482) |
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Date: March 10th, 2021 2:23 PM Author: charismatic doctorate market (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42080749) |
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Date: March 10th, 2021 1:43 AM Author: metal indigo university Subject: Wilkie Gross revenue at the firm jumped 13.6%, from $868 million to $986 million. Revenue per lawyer (RPL) grew 4%, from $1,247,000 to $1,297,000. Profits per equity partner (PEP) increased by 10.9% from $3,169,000 to $3,516,000, as net income increased by 20%.
https://www.law.com/americanlawyer/2021/03/09/willkie-saw-a-flood-of-billion-dollar-deals-in-2020-driving-double-digit-revenue-growth/ |
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Date: March 10th, 2021 1:43 AM Author: metal indigo university Subject: Nixon Peabody Gross revenue at the firm dipped 3.3%, to $488.8 million from $505.5 million. Meanwhile, the firm’s head count dropped 6.6%, to 552 from 591.
https://www.law.com/americanlawyer/2021/03/08/nixon-peabody-sees-revenue-dip-profits-swell-after-laying-off-lawyers-in-2020/ |
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Date: March 12th, 2021 3:40 PM Author: metal indigo university Subject: WSGR For the first time, gross revenue at the firm crossed the billion-dollar threshold, jumping 17.6%, from $961 million to $1.1 billion. Despite the addition of 38 attorneys in 2020, revenue per lawyer grew 12.5%, from $1.14 million to $1.29 million.
https://www.law.com/americanlawyer/2021/03/11/breaking-1b-in-revenue-wilson-sonsini-benefited-from-2020-tech-and-life-sciences-boom/ |
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Date: March 12th, 2021 3:41 PM Author: metal indigo university Subject: Bracewell Revenue hit $295 million at Bracewell last year, up 3.9% when compared with $284 million in 2019. With 3.5% fewer lawyers, RPL improved to $901,000, up 7.5% from $838,000 the prior year.
https://www.law.com/americanlawyer/2021/03/12/global-energy-work-helped-bracewell-post-higher-revenue-profits-in-2020/ |
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Date: March 12th, 2021 3:46 PM Author: Lascivious kitchen fortuitous meteor Subject: Boies https://www.law.com/americanlawyer/2021/03/10/shaken-by-departures-boies-schiller-flexner-saw-revenue-plummet-38-profits-down-54/
Gross revenue fell 38% year-over-year, from $405 million to $250 million. Net income dropped 54%, from $175 million to $80 million. Profits per equity partner fell 32.1%, from $3.37 million to $2.29 million. |
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Date: March 12th, 2021 6:04 PM Author: charismatic doctorate market (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42094162) |
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Date: March 15th, 2021 12:13 PM Author: Federal erotic piazza Woof. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42107284) |
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Date: March 15th, 2021 12:16 PM Author: translucent set holy shit
It's over |
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Date: March 16th, 2021 3:08 PM Author: light blood rage gas station PPP still high (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42114318) |
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Date: March 23rd, 2021 4:40 PM Author: translucent set You can't just have high PPP. High PPP could mean a narrowing partnership and a diminishing revenue / profit decrease but the departures happen faster than the revenue / profit decreases and so the numbers look artificially good (PPP is strong!). (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42153344) |
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Date: March 16th, 2021 3:05 PM Author: metal indigo university Subject: Latham The elite firm—which was ranked the second-highest-grossing firm in last year’s Am Law 100—also saw a nearly 22% increase in net income, to $2.37 billion. Even with a bump in attorney head count, revenue per lawyer increased by 9.5%, to a little more than $1.5 million.
https://www.law.com/americanlawyer/2021/03/16/latham-with-high-demand-across-practices-posts-double-digit-revenue-profit-gains/ |
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Date: March 18th, 2021 7:41 PM Author: metal indigo university Subject: WilmerHale Gross revenue firmwide grew 5%, from $1.18 billion to $1.24 billion. Revenue per lawyer increased 2.4%, from $1.40 million to $1.44 million. And profits per equity partner saw near double-digit growth and climbed 9.6%, from $2.31 million to $2.54 million.
https://www.law.com/americanlawyer/2021/03/18/wilmers-transactional-teams-carried-the-firm-through-the-pandemic-with-20-growth/ |
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Date: March 20th, 2021 9:13 AM Author: metal indigo university Subject: Milbank Milbank’s profits and revenue soared double digits last year, riding off increased demand in restructuring, corporate and litigation practices.
The firm’s gross revenue rose 15.6% to $1.235 billion, while profits per equity partner shot up 16% to $4.492 million.
https://www.law.com/americanlawyer/2021/03/19/milbank-sees-16-spike-in-revenue-and-profits-amid-more-demand-for-partner-hours-405-79572/ |
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Date: March 20th, 2021 11:47 AM Author: translucent set This is insane. We're going to see either a scale increase or some insane bonus action this year. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42136121) |
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Date: March 31st, 2021 2:24 PM Author: Blue vivacious base (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42197318) |
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Date: March 23rd, 2021 4:36 PM Author: metal indigo university Subject: DLA Piper Global giant DLA Piper relied on its geographic diversity to post stable revenues of $3.13 billion in 2020, and the firm, without cuts to personnel, boosted profits per equity partner by 8.8% to hit $2.12 million.
https://www.law.com/americanlawyer/2021/03/22/dla-pipers-8-8-jump-in-profits-bolstered-by-us-growth-405-79605/ |
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Date: March 23rd, 2021 4:37 PM Author: metal indigo university Subject: Orrick Orrick, Herrington & Sutcliffe saw revenue just slightly down last year as court closures impacted the firm’s litigation practices, though profits per equity partner saw double-digit percentage growth.
https://www.law.com/americanlawyer/2021/03/22/orrick-saw-flat-revenue-double-digit-profit-growth-as-litigation-underperformed-405-79638/ |
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Date: March 23rd, 2021 4:37 PM Author: metal indigo university Subject: Dechert Dechert followed an exceptionally strong 2019 with dips of over 5% in revenue and profitability in 2020, but CEO Henry Nassau reports that nearly three months into the current year, the top line is up by 12%.
https://www.law.com/americanlawyer/2021/03/22/decherts-revenues-profits-dip-5-after-double-digit-2019-increases/ |
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Date: March 23rd, 2021 4:37 PM Author: metal indigo university Subject: Mayer Brown Mayer Brown’s revenue inched up by 2% while the firm saw a double-digit boost in profits per equity partner in 2020.
https://www.law.com/americanlawyer/2021/03/22/mayer-brown-notches-more-revenue-growth-11-profit-gain/ |
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Date: March 23rd, 2021 4:40 PM Author: Cobalt house filthpig Shearman Sterling partners are now making basically the same as Nixon Peabody partners. Well done guys. (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42153342) |
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Date: April 4th, 2021 1:51 AM Author: Federal erotic piazza Is that it? (http://www.autoadmit.com/thread.php?thread_id=4746055&forum_id=2#42218223) |
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Date: April 14th, 2021 1:43 PM Author: metal indigo university Subject: Kirkland Kirkland & Ellis reached another record financial year in 2020, with its fastest profit growth in recent years, thanks to a surge in restructuring matters, a comeback in M&A and private equity in the second half, and steady litigation work.
Kirkland’s revenue spiked 16.3% to $4.83 billion, while average profits per partner increased 19.2% to about $6.2 million, according to American Lawyer reporting. The revenue growth rate was the firm’s third-highest in the last decade, while its profits per equity partner growth is the largest leap for the firm in that time period. With Kirkland’s profit margin reaching 61% last year, due in large part to high productivity, its overall net income increased about 26% to $2.95 billion.
https://www.law.com/americanlawyer/2021/04/09/kirkland-set-to-stay-on-top-after-double-digit-revenue-and-profit-gains-405-80183/ |
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Date: April 14th, 2021 1:43 PM Author: Soul-stirring Locale Community Account S H A T T E R S |
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Date: April 14th, 2021 1:43 PM Author: metal indigo university Subject: Arnold and Porter Gross revenue hit $961.9 million in 2020, up 1.1% when compared with $951.9 million in 2019. With 1.9% fewer lawyers, RPL was $1.07 million, up 3.1% from $1.04 million the prior year.
https://www.law.com/americanlawyer/2021/04/14/leaning-on-pandemic-friendly-practices-arnold-porter-ups-revenue-profits/ |