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Search results for tag "PEP"

• PEPs are up at Denton Wilde Sapte, despite drop in revenue

  May 20 2010 Equity partners at Denton Wilde Sapte have had a pretty good year, despite a drop in total revenue. The average profit per equity partner grew by 22 per cent for the... more

• Weil Gotshal's 2009 results fail to meet expectations

  Mar 09 2010 Weil, Gotshal & Manges has posted flat gross revenue and a slight rise in profits per partner for the year 2009. The results are somewhat disappointing considering the... more

• Latham & Watkins posts 5% profit increase, PEP reaches $1.9m

  Feb 18 2010 Latham & Watkins has published its financial results for 2009. While revenue was down 5 percent last year, profits increased up by the same percentage. In 2008, the... more

• White & Case revenues down 11 per cent in 2009

  Feb 02 2010 White & Case's total revenue for the 2009 financial year fell by 11 per cent from $1.467bn to $1.307bn. Average profit per equity partner (PEP) reached $1.595m, a... more

• Reed Smith profits up, revenue down

  Jan 29 2010 Reed Smith reached the $1 million profits per equity partner mark in 2009 with a 7 percent increase. However, revenues did not reach $1 billion, but instead dipped... more

• Crisis? What Crisis? California law firms post steady profits

  Jan 28 2010 Most major Bay Area law firms saw revenues and profits remain flat in 2009, reports The Recorder. Half of the eight firms surveyed posted increases in profit per... more

• Revenue down, profits up at Cadwalader

  Jan 21 2010 Cadwalader, Wickersham & Taft reported a 28 percent increase in profits per partner, the firm's first positive results since 2007. Cadwalader's gross revenue... more

• K&L Gates turnover reaches $1bn for first time

  Jan 15 2010 K&L Gates has passed the $1bn revenue mark in 2009 for the first time in the firm's history. The US firm saw gross revenue increase by 8% to $1.034bn, while profits... more

• CC predicts profit points will bounce back after fall in PEP

  Nov 02 2009 Partners at Clifford Chance are anticipating a profit per point uplift of around 25 per cent at the half-year stage following a year when average profit per equity... more

• Lovells to abandon lockstep pay for Hogan & Hartson merger?

  Oct 12 2009 UK firm Lovells is secretly planning to abandon its lockstep in a bid to push through the planned merger with US firm Hogan & Hartson, reports The Lawyer. The fact... more

• Linklaters and Wachtell top global law firm rankings

  Oct 02 2009 After eight years, Clifford Chance lost its top spot as the world's largest law firm by revenue, according to data by Am Law Daily. Clifford Chance was replaced... more

• UK law firms on the road to recovery

  Sep 30 2009 UK law firms are regaining their strength after the economic downturn. The research by PricewaterhouseCoopers firm profits have shot up since the start of the year.... more

• SJ Berwin suspends profit distributions after profit plunge

  Sep 05 2009 UK law firm SJ Bewin has suspended quarterly profit share payments to partners after partner profits fell from £802,000 to £410,000. However, partners still receive... more

• UK law firms see first profits fall in a decade

  Sep 02 2009 The UK's biggest law firms saw their profits fall for the first time in a decade last year, according to an annual survey from Legal Business magazine. However, the... more

• SJ Berwin's posts 50 per cent drop in PEP

  Jul 30 2009 Average profits per equity partner (PEP) at UK law firm SJ Berwin fell by almost 50 per cent during the last financial year, dropping from £801,000 at the end of... more

• Scottish law firm Dundas and Wilson reports £9m profit slump

  Jul 23 2009 Dundas and Wilson, one of Scotland's largest law firms, has posted a drop in annual profits of nearly £9m. Profit per equity partner fell from £385,000 in 2007-8 to... more

• Simmons & Simmons PEP drops 20 per cent

  Jul 15 2009 Simmons & Simmons saw average profits per equity partner (PEP) drop by nearly 20 percent after four consecutive years of growth. Turnover increased marginally from... more

• Allen & Overy's profits fall by 9 per cent

  Jul 10 2009 UK law firm Allen & Overy saw partner profits slide 9 percent for the for the year to April 30. However, despite a fall from £1.1 million to £1.0 million (US$1.6... more

• Hammonds PEP falls to £276,000

  Jul 09 2009 Hammonds has posted a dip in turnover of 5% to £125.4m for 2008-09, down from £132m. Profits per equity partner (PEP) fell by 25% to £276,000 from £367,000 in the... more

• Nabarro launches second round of redundancy talks

  Jul 09 2009 UK law firm Nabarro posted a 35 per cent fall of partner profits (PEP) in 2008-09, from £574,000 to £375,000. Nabarro's revenue dropped by 9 per cent to £127m . The... more

• Ashurst says goodbye to the million-pound PEP club

  Jul 09 2009 Ashurst's profit per equity (PEP) dropped 35 per in the 2008-09 financial year from £1.04m to £673,000, reports The Lawyer. Ashurst’s turnover fell by 7 per cent... more

• Taylor Wessing's UK PEP drops by 30%

  Jul 08 2009 Taylor Wessing's UK profits per equity partner (PEP) fell by 30% in 2008-09, down from £613,400 during 2007-08 to £436,000 for the last financial year. more

• Linklaters beats Clifford Chance + Freshfields

  Jul 04 2009 Linklaters announced a rise in revenues for the year ending April to £1.29 billion, which makes it the UK's highest-grossing law firm. Magic Circle rivals Clifford... more

• Freshfields overtakes Clifford Chance with £1.29bn revenues

  Jul 03 2009 Freshfields Bruckhaus Deringer has reported a 9% increase in turnover to of £1.29bn for the 2008/2009 financial year, taking it ahead of Magic Circle rival Clifford... more

• Clifford Chance loses global top spot to Skadden

  Jul 03 2009 As expected, Clifford Chance has lost its position as the world's biggest law firm to US rival Skadden, Arps, Slate, Meagher & Flom. The Magic Circle firm has... more

• Clifford Chance's PEP drops from £1.156m to £733,000

  Jul 01 2009 Clifford Chance saw its profits per equity partner (PEP) slide by 37%, plummeting from £1.156m to £733,000 in the 2008-09 financial year. Revenues were down 5 per cent... more

• UK firm Beachcroft posts 6 per cent rise in revenues

  Jun 26 2009 Beachcroft has announced that revenues were rising 6 per cent to £121m in the financial year 2008-2009, while there was a dip in profits of 2.9 per cent. Average... more

• Herbert Smith sees profits plunge by 22 per cent

  Jun 10 2009 Partner profits at London-based law firm Herbert Smith fell below £1 million in 2008 as the financial crisis caught up with the City law firms. Profits fell by 22... more

• Eversheds PEP falls by 27 per cent as revenue drops to £366m

  May 27 2009 The financial cost of funding three rounds of redundancies has seen Eversheds’ average profit per equity partner (PEP) figure drop by 26.8 per cent over the last year... more

• Ashurst revenues down by 7 per cent

  May 27 2009 Ashurst has reported a seven per cent drop in global revenues for the 2008-09 financial year. The silver circle firm announced total revenue of £301m, which is down... more

• Camerons results: revenue up 2% as PEP down 15%

  May 23 2009 CMS Cameron McKenna has become the first major UK law firm to announce its 2008-09 results with the firm seeing profits down 15% along with a marginal increase in... more

• Worst year for US partner profits since 1991

  May 08 2009 2008 was the worst financial year for the US law firms since 1991. Partner profits and lawyer productivity at America's top 100 law firms was falling for the first... more

• Kirkland & Ellis posts rising revenue and flat profits in 2008

  Mar 09 2009 Kirkland & Ellis increased its revenue by 7 percent to $1.4 billion in its 2008 fiscal year. Profits per partner (PPP) were flat at $2.47 million. more

• Hogan & Hartson posts rising revenues

  Feb 26 2009 Washington, D.C.-based firm Hogan & Hartson posted gross revenues of $922.5m for the 2008 financial year, a 4.8 per cent rise on the previous year, reports The Lawyer.... more

• Proskauer partner profits drop by 10%

  Feb 25 2009 Proskauer Rose has posted its financial results for 2008, with profits per equity partner (PEP) falling by 10% to $1.4m, reports the Am Law Daily. more

• Sullivan, Skadden and Davis Polk post falling profits in 2008

  Feb 12 2009 Wall Street leaders Skadden Arps Slate Meagher & Flom, Sullivan & Cromwell and Davis Polk & Wardwell have all seen falling profits and flat revenues in 2008. Dewey... more

• Latham profits down $470k per partner, turnover below $2bn

  Feb 09 2009 Latham & Watkins saw its profits drop 21% in 2008, one of the biggest falls so far reported by US law firms. Profits per equity partner (PEP) fell from $2.27 million... more

• Latham & Watkins revenues expected down $400m in 2008

  Feb 06 2009 Latham & Watkins is expected to report a significant revenues fall next Monday by up to $400m in the 2008 financial year, according to several sources. This would... more

• Dorsey & Whitney reports flat 2008 revenue

  Feb 02 2009 Dorsey & Whitney reported flat revenues and a small decrease in profits per partner for 2008. Gross revenues of the Minneapolis-based global law firm were just over... more

• Cadwalader revenue dips 14%, profits down 30%

  Jan 13 2009 Average profits per equity partner at Cadwalader Wickersham & Taft fell to $1.88 million for 2008, down from $2.725 million the year before, the Am Law Daily reports.... more

• Baker McKenzie breaks $2bn mark with 20% revenue growth

  Aug 18 2008 Baker McKenzie has posted revenues of $2.19bn, up from last year’s total of $1.82bn. Firmwide profits per partner have also seen double-digit growth from last year,... more

• Solid Growth for Allen & Overy and Linklaters

  Jul 17 2008 Slowly but surely the final rankings for this year's Global 100 have taken shape. Two of the last major U.K. practices to announce their numbers, Allen & Overy and... more

• Travers reports 7.6% partner profits fall; revenue breaks £80m

  Jul 16 2008 Travers Smith is the latest firm to release its financial results, reporting a 7.6% drop in profits per equity partner (PEP). The top 40 City firm saw PEP drop to... more

• Magic circle trio break into profits top 10 as City firms move up Global 100

  Jul 11 2008 Figures compiled by Legal Week and The American Lawyer show that three UK firms make it into the global top 10 by PEP — Slaughter and May, Linklaters and Freshfields... more

• Hammonds PEP falls by 9% while turnover edges up

  Jul 02 2008 Hammonds has posted a drop in profits per equity partner (PEP) of over 9% to £367,000 for the last financial year, as the national giant becomes the latest firm to... more

• Simmons' PEP surges 22% to near £650k

  Jun 27 2008 Simmons & Simmons has boosted its profits per equity partner (PEP) by more than £100,000 over the last financial year, with the top 10 City outfit this year posting... more

• Macfarlanes' figures hit by credit crunch

  Jun 25 2008 Macfarlanes has achieved a modest 6.7 per cent rise in revenue but failed to increase its average profit per equity partner. In the firm's latest financial results,... more

• BLP hit by 6% drop in partner profits

  Jun 19 2008 Berwin Leighton Paisner (BLP) has reported a 6% fall in profits per equity partner (PEP) for the last financial year. The top 20 UK law firm posted profits of... more

• Taylor Wessing's UK PEP tops £600k

  Jun 19 2008 Taylor Wessing's UK financial results have been finalised and show an increase in average profits per partner (PEP) of around 5 per cent to £614,000. The UK's turnover... more

• Nabarro PEP up 6% to £600k as fees hit £140m

  Jun 13 2008 Nabarro has become the latest firm to unveil its financial results for 2007-08, posting a double-digit increase in revenue while profits per equity per partner (PEP)... more

• Fees up 9%, PEP up 7% at Watson Farley

  Jun 05 2008 Watson Farley & Williams has become the latest City firm to post its financial results for the 2007-08, with the top 50 UK outfit unveiling a 9% increase in revenues.... more

• Freshfields shakes off tough year to break £1bn barrier for first time

  Jun 03 2008 Freshfields Bruckhaus Deringer has broken the billion-pound revenue mark for the first time. One week after its "magic circle" rival Clifford Chance announced a... more

• Addleshaw Goddard increases profits by 11%

  May 31 2008 Profit per equity partner at Addleshaw Goddard has increased to £586,000 after the law firm increased its annual income by 11%. The firm, which has offices in... more

• Taylor Wessing boosts turnover by 11%

  May 30 2008 Taylor Wessing has become the latest firm to post solid financial results, with the top 30 firm’s UK operations seeing an 11% increase in turnover. The firm has yet to... more

• BLP joins double-digit club as income hits £186m

  May 27 2008 Berwin Leighton Paisner (BLP) has become the latest City firm to announce its financial results, posting a 10% increase in turnover for the last 12 months. more

• Eversheds on course for growth targets

  May 26 2008 Eversheds is on course to achieve the strategic objectives it set itself two years ago. The law firm, which celebrated its centenary last year, has announced financial... more

• CMS Cameron McKenna PEP up 30 per cent

  May 23 2008 CMS Cameron McKenna’s average profit per equity partner (PEP) has rocketed by 30 per cent, to £650,000 from £502,000 a year ago. The firm also revealed turnover of... more

• City firms celebrate double-digit revenue growth for 2007-08

  May 22 2008 Several law firms have posted robust financial results for 2007-08, with Lovells, SJ Berwin and Eversheds among those announcing double-digit hikes in revenues. The... more

• SJ Berwin PEP growth stalled

  May 16 2008 SJ Berwin has released it year-end financial results, revealing turnover up by 14 per cent from £189m to £215m. However average profit per equity partner (PEP) has... more

• Lovells revenues up 13 per cent

  May 16 2008 Lovells has posted a robust financial performance during the 2007-08 period with revenues rising by 13 per cent and average profit per equity partner (PEP) up by 10.5... more

• Eversheds with ten per cent growth in revenue

  May 16 2008 Eversheds has delivered a ten per cent growth in annual revenue which now stands at £390m. Profit per equity Partner (PEP) growth also grows in line with revenue... more

• Herbies' profit smashes £1m per partner

  May 14 2008 Herbert Smith has recovered from its poor 2006-07 financial performance with its average profit per equity partner (PEP) figure breaking the £1m barrier for the first... more

• Norton Rose turnover soars 27%

  May 14 2008 Norton Rose has posted a dramatic rise in turnover in its financial results for 2007-08, with the top 10 City firm seeing revenue soar by more than a quarter to near... more

• Ashurst and Simmons & Simmons turnover up

  May 12 2008 Ashurst has posted a 17% increase in turnover to smash through the £300m barrier, joining top 10 City rival Simmons & Simmons in announcing a double-digit increase in... more

• Revenue record in 2007 for US law firms thanks to M&A boom

  May 02 2008 The American Lawyer reported today that two law firms, Skadden, Arps and Latham & Watkins, broke the industry’s $2 billion gross revenue barrier for the first time. It... more

• DLA Piper continental arm in 60% '07 fees surge

  Mar 08 2008 DLA Piper’s Continental European offices saw turnover grow by 60% during 2006-07 to make up around a quarter of the firm’s revenues outside of the US. Turnover in the... more

• Mayer Brown accounts reveal European profits dip

  Mar 07 2008 Operating profits in Mayer Brown’s London and Brussels offices fell by £3.3m during 2007 to stand at £37.7m, despite an £8.9m increase in fee income to £103.5m.... more

• Dechert Gives 13 Associates Layoff Notices

  Mar 01 2008 The slowing economy has hit home at Dechert, which has just issued layoff notices to 13 associates strictly in its finance and real estate practice, according to a... more

• Latham breaks $2bn with record results

  Feb 09 2008 Latham & Watkins has reported record results for the 2007 financial year, becoming the first US firm ever to break the $2bn revenue barrier. Latham posted a 23 per... more

• Cadwalader first US firm to post fall in PEP

  Feb 06 2008 Cadwalader Wickersham & Taft has posted a 6 per cent fall in average profit per equity partner (PEP) for the 2007 financial year, making it the only US firm so far to... more

• Willkie Farr revenues, profits up 20 per cent

  Feb 02 2008 Willkie Farr & Gallagher posted double digit increases in revenue and profits for the second year in a row. The New York firm posted a 20 per cent rise in fee income,... more

• Weil doubles profit as US firms excel in London

  Jan 29 2008 Weil Gotshal & Manges' London office has thrown down the gauntlet to its rivals by reporting a doubling of its profit in what looks set to be a record year for US... more

• Salans' record year sees PEP double

  Jan 15 2008 Salans is set to double its average profit per equity partner (PEP) to more than £850,000 after a record year in which revenue was boosted by more than a third to hit... more