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Ballooning Nonequity Partnerships Are Boosting Leverage, But Will They Raise Profits?
For the first time, law firms added nearly as many nonequity partners as they did associates.
The 2024 Am Law 100: Ranked by Average Compensation - All Partners
Average Compensation–All Partners increased by 6.2% in 2023. Seventy-two firms posted increases, compared with 41 the previous year. Twenty firms posted double-digit gains, while five firms posted double-digit losses.The 2024 Am Law 100: Ranked by Profits Per Lawyer
Profits per lawyer is an alternative way of looking at firm profitability, intended to reduce the influence of factors such as leverage. The average is about $518,000, and the list-topper is about $3.04 million.The 2024 Am Law 100: Ranked by Profits Per Equity Partner
For the Am Law 100 as a whole, average PEP was up by 9.3% in 2023. Thirty-seven firms had growth rates of at least 10%, compared to 14 last year. Twenty firms had declines in 2023.The 2024 Am Law 100: Ranked by Revenue Per Lawyer
For the Am Law 100 as a whole, average revenue per lawyer, the metric that we've long regarded as the most reliable measure of a firm's financial health, increased by 4.9%. In 2023, eighty-five firms posted a gain in RPL.
Law Journal Press | Digital Book
Texas Personal Automobile Insurance Policy 2020
Authors: Janet K. Colaneri, Bret Weatherford
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The 2024 Am Law 100: Ranked by Gross Revenue
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
The 2024 Am Law 100: Ranked by Gross Revenue
Fifty-four firms posted gross revenue of $1 billion or more in 2023, four more than in 2022. Ninety firms reported gains in gross revenue.
Novolex Holdings: A Rare Look at an RWI Claim Dispute
While RWI policies are manuscripted policies separately negotiated for each transaction, the vast majority contain arbitration clauses, meaning that claim disputes are resolved privately without published court rulings. The recent ruling in 'Novolex Holdings v. Illinois Union Insurance' sheds some light on one of these claim disputes, while also providing important lessons for insurers and M&A practitioners.
Elite New York Law Firms Outperformed Market, as Firms Invested in Both Equity, Nonequity Tiers
Several New York law firms last year even bested their 2021 performance during the heyday of the deal market.
Schulte Rides Private Capital Matters to 7% Revenue Growth as PEP Dips Amid Firm Investments
As the firm's equity-only partnership expanded 13% to 78 partners last year, the firm's profits per partner dipped 7.7% to $3.34 million,TRENDING STORIES
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