Law Firm Profitability

International Edition

Fifteen UK law firms make the cut in first Global Second Hundred rankings

By Scott Flaherty | October 23, 2018

Addleshaws, Fieldfisher and Macfarlanes among UK representatives in newly expanded global rankings

1 minute read

International Edition

International growth at top firms outstrips UK perfomance for first time, PwC finds

By Krishnan Nair | October 22, 2018

New PwC research also shows mergers remain high on the agenda for top firms

1 minute read
International Edition

'Law firm management is a misnomer' - Quinn chief backs bare-bones approach

By Christine Simmons | October 18, 2018

In a year punctuated by prominent partner departures, Quinn Emanuel chief John Quinn is standing by his firm's unconventional approach

1 minute read

International Edition

Weil boosts London profits by 40% as LLPs show £1.2m pay for top earner

By Hannah Roberts | October 9, 2018

Turnover for the UK arm grows 18% to reach £126.1m

1 minute read
International Edition

Why law firms are leaving money on the table by failing to collaborate

By Heidi Gardner | October 9, 2018

Many firms are failing to get their lawyers to work together effectively - and missing out on revenues as a result

1 minute read
International Edition

Inside the Big Four's legal market playbook: the PwC-Fragomen alliance unpacked

By Nicholas Bruch | October 3, 2018

The alliance suggests the Big Four's expansion in the legal market is speeding up. It also provides insight into what the Big Four's strategy in other areas of the industry might look like.

1 minute read
International Edition

The 2018 China 45: the country's top firms ranked by PEP

By Ben Seal | September 25, 2018

Our list expands, providing a full picture of profitability among Chinese law firms.

1 minute read
International Edition

The 2018 China 45: the country's top firms ranked by RPL

By Ben Seal | September 25, 2018

MWE China Law Offices, the Shanghai-based associate firm of McDermott Will & Emery, tops the RPL list

1 minute read
International Edition

The 2018 China 45: new rankings shed light on partner profits at country's top firms

By Anna Zhang | September 25, 2018

For the first time, this year's rankings include PEP figures for all 45 firms on the revenue list

1 minute read
The American Lawyer

White & Case Reaps Benefits From Record High Revenue

By Meghan Tribe | February 12, 2018

In the middle of a five-year strategic plan, the global firm saw growth across the board, as gross revenue and partner profits saw double-digit percentage gains.

1 minute read
The American Lawyer

Law Firms Likely to Continue Quietly Trimming Employee Rosters

By Lizzy McLellan | March 31, 2021

Staff roles, and perhaps some underproductive partners, will be scrutinized as firms consider their new normal.

1 minute read
The American Lawyer

Ice Miller PEP Jumped Over 20% After Expense Reductions, Furloughs and Some Layoffs

By Justin Henry | March 30, 2021

"It did look dark in May and June, but it didn't turn out as bad as we thought it would," Ice Miller chief managing partner Steven Humke said.

1 minute read
The Recorder

Citing 'Temporary' Effects, Litigation-Heavy Munger Tolles Posts Revenue, Profit Dip

By Justin Henry | March 30, 2021

"Unlike some firms, we're not so focused on budget and financial goals and all of that," said Malcolm Heinicke, co-managing partner of the firm.

1 minute read
Litigation Daily

Citing 'Temporary' Effects, Litigation-Heavy Munger Tolles Posts Revenue, Profit Dip

By Justin Henry | March 30, 2021

"Unlike some firms, we're not so focused on budget and financial goals and all of that," said Malcolm Heinicke, co-managing partner of the firm.

1 minute read
Law.com

Law.com Trendspotter: Without a Plan, Law Firms' Feel-Good Story of 2020 Could Have an Unhappy Ending in 2021

By Zack Needles | March 29, 2021

The legal industry (and the rest of the world) was blindsided by the pandemic last year. Even so, many firms managed to not only stay the course but to far outpace the previous year. This year, however, spending too much time gazing in the rearview mirror or easing up on the accelerator for a premature victory lap could still end in a wreck if firms aren't careful.

1 minute read
The American Lawyer

How a Good Year Can Trip Up Firms Down the Road

By Patrick Smith | March 29, 2021

Complacency and the assumption that what is working now will always work can put a darker tint on a successful financial year for law firms.

1 minute read
The American Lawyer

Fried Frank Grew Equity Tier and Saw Flat Revenue, Lower PEP

By Dylan Jackson | March 25, 2021

Fried Frank managing partner David Greenwald noted that the firm's fiscal year begins in March, not January, meaning that the firm "had a full 12 months of the pandemic."

1 minute read
Texas Lawyer

Due to Energy Slowdown, Thompson & Knight Revenue Down 10%, Profits Down 16%

By Brenda Sapino Jeffreys | March 25, 2021

A $10 million Paycheck Protection Program loan allowed the Texas-based firm to avoid lawyer layoffs in 2020, but the economic downturn affected the energy industry, a key industry sector for Thompson & Knight.

1 minute read
Law.com

Utilizing Accountability Partners to Build Business

By Randi Rosenblatt | March 25, 2021

Attorneys can utilize accountability partners to fuel the advances one truly wants to make in their efforts to build books of business.

1 minute read
The American Lawyer

Paul Hastings, Goodwin, Simpson, Debevoise, Cleary Board the Bonus Bandwagon

By Andrew Maloney | March 25, 2021

The bonus payments offer flexibility for firms to change course in future years while offering an incentive for associates to stick around for the rest of the year.

1 minute read

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