Law Firm Profitability

International Edition

Clyde & Co Sees Merger-Fueled Revenue Boost as PEP Stalls

By Habiba Cullen-Jafar | August 1, 2023

The results detail the firm's first full financial year since its merger with BLM.

2 minute read

International Edition

The 1,800-Hour Year: Pipe Dream or Essential for Lawyers' Well-Being?

By Dan Roe | July 27, 2023

An 8 a.m.-to-6 p.m. workday would decrease profit margins by 15% to 20% at top firms. It may also be the only way for law firms to support many attorneys' mental health.

8 minute read
International Edition

Travers Unveils Static PEP and Turnover Amid Challenging Year

By Charlotte Johnstone | July 27, 2023

The firm's PEP has remained the same at £1.1 million, while turnover inched up by 1%.

3 minute read

International Edition

Partner Remuneration to Decline in Some Australian Firms, Report States

By Christopher Niesche | July 27, 2023

Slowing economy puts pressure on law firm profits.

2 minute read
International Edition

Freshfields Unveils Static PEP Despite Rising Revenue Amid M&A 'Shift'

By Charlotte Johnstone | July 26, 2023

The firm's average profit per equity partner inched up 1% in the last financial year, putting the firm slightly ahead of its main UK rivals, which all suffered a slight drop.

3 minute read
International Edition

Double Digit PEP Decline for Fieldfisher, Despite Strong Revenue Rise

By Jack Womack | July 25, 2023

The firm's recent launch in Vienna means Fieldfisher now has 26 offices in 12 countries.

2 minute read
International Edition

Linklaters Becomes Latest Magic Circle Firm to Suffer PEP and Profits Dip

By Jack Womack | July 24, 2023

Like its rivals, the firm's revenue increased but profits fell after 'material exceptional costs', which the firm attributed to the closure of its Moscow office.

3 minute read
International Edition

Macfarlanes Posts Triple Tumble Across Turnover, Profit, PEP

By Charlotte Johnstone | July 24, 2023

Following a stellar year in 2022, the firm posted a downturn and is changing its financial year end.

3 minute read
International Edition

Watson Farley and Shoosmiths Up on Every Metric in Financial Results

By Jack Womack | July 21, 2023

Watson Farley & Williams has broken the £200 million revenue barrier, while Shoosmiths is approaching the same figure.

2 minute read
International Edition

Herbert Smith Freehills Joins Line of Firms Reporting Static PEP

By Charlotte Johnstone | July 20, 2023

The Anglo-Australian firm's contentious practice performed well through the financial year amid demand for advice on class actions and competition disputes.

2 minute read
Law.com

Top Big Law Partners Are Earning More Than $2,400 Per Hour: The Morning Minute

By Zack Needles | January 11, 2024

The news and analysis you need to start your day.

4 minute read
The American Lawyer

'Drastically Different' Associate Strategies in Big Law and Midsize Firms May Continue in 2024

By Andrew Maloney | January 11, 2024

Am Law 100 firms increased their associate ranks by only 1.7% through November, even accounting for their fall classes, according to a report this week.

5 minute read
The American Lawyer

Top Big Law Partners Are Earning More Than $2,400 Per Hour, as Rates Continue to Climb

By Dan Roe | January 10, 2024

Dechert has hiked its rates for a top partner by 20%, while McDermott is charging top partners out at $2,590 hourly, according to recent bankruptcy court filings.

3 minute read
The American Lawyer

As Billing Rates Soar, Law Firm Clients Move to Spread Work Around

By Andrew Maloney | January 9, 2024

"Many law firms have seen their ability to collect on those increasing rates falter, and clients have become more aggressive about trying to tier work to lower-cost firms," according to a new industry report.

6 minute read
Law.com

Are Distributed Firms Made to Be Broken?: The Morning Minute

By Zack Needles | January 8, 2024

The news and analysis you need to start your day.

4 minute read
Pro Mid Market

'High Performing' Firms Increasingly Entertained M&A Options In 2023

By Justin Henry | January 4, 2024

Law.com Pro Mid Market takes a look at the motivations and circumstances that led to recent mergers and acquisitions of law firms. "If you're not a certain size, it's hard to compete for talent and it's hard to retain," said one consultant.

6 minute read
Law.com

Competitive Law Firms Will Double Down on Practice Strengths: The Morning Minute

By Zack Needles | January 4, 2024

The news and analysis you need to start your day.

4 minute read
The American Lawyer

To Stay Ahead in New Year, Law Firms Will Double Down on Practice Strengths

By Andrew Maloney | January 3, 2024

Law firms will need to make harder choices if they want to keep up, but many firms are too tepid about where to drill down, noted consultant Kristin Stark.

5 minute read
The American Lawyer

Deal Watch: Big Law Dealmakers Are Evaluating These Factors to Assess 2024 Market

By Patrick Smith | January 2, 2024

Frank Aquila, partner in Sullivan & Cromwell's corporate group, said the tempering of inflation and the broader economic news that ushers in could be a boon for M&A in 2024.

11 minute read
Law.com

Will the Law Firm Merger Party Continue in 2024?: The Morning Minute

By Zack Needles | January 2, 2024

The news and analysis you need to start your day.

4 minute read

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