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Profits per Partner '05; the top 15

Wachtell had PPP of $3.79MM (growth of 8.3% over 04). They h...
anal impertinent market
  05/02/06
When the AmLaw 200 list comes out, Quinn should be up there ...
Buff vigorous set quadroon
  05/02/06
When does the AmLaw 200 come out? Later this month?
Motley parlour
  05/02/06
AmLaw 200 came out the month after AmLaw 100 last year, but ...
Buff vigorous set quadroon
  05/02/06
What do you make of the different leverage and similiar PPP?...
anal impertinent market
  05/02/06
It explains Wachtell, since (I think) they charge a flat fee...
Buff vigorous set quadroon
  05/02/06
Cadwalader should be able to flog more productivity out of i...
Balding gaping
  05/02/06
I think it's pathetic -- pathetic! -- that WLRK can't break ...
violent mint legend
  05/02/06
The "associates per partner" numbers are not accur...
Aphrodisiac slippery nursing home
  05/02/06
True enough; but non-equity partners are similiar enough to ...
anal impertinent market
  05/02/06


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Reply

Date: May 2nd, 2006 10:46 AM
Author: anal impertinent market

Wachtell had PPP of $3.79MM (growth of 8.3% over 04). They have 1.43 associates per partner.

Cravath had PPP of $2.6MM (growth of 17.9% over 04). They have 3.49 associates per partner.

Cadwalader, had PPP of $2.55MM (growth of 20.6% over 04). They have 5.85 associates per partner.

Paul, Weiss had PPP of $2.48MM (growth of 14.8% over 04). They have 4.30 associates per partner.

S&C had PPP of $2.41MM (growth of 2.6% over 04). They have 2.41 associates per partner.

Simpson had PPP of $2.37MM (growth of 1.7% over 04). They have 3.17 associates per partner.

Cahill Gordon had PPP of $2.29MM (growth of -6.9% over 04). They have 2.97 associates per partner.

Kirkland & Ellis had PPP of $2.12MM (growth of 7.3% over 04). They have 4.12 associates per partner.

Milbank, Tweed had PPP of $2.02MM (growth of 6.3% over 04). They have 3.37 associates per partner.

Davis Polk had PPP of $2MM (growth of -0.2% over 04). They have 2.57 associates per partner.

Cleary had PPP of $1.96MM (growth of 14.3% over 04). They have 3.90 associates per partner.

Skadden had PPP of $1.91MM (growth of 10.1% over 04). They have 3.29 associates per partner.

Schulte had PPP of $1.9MM (growth of 4.7% over 04). They have 3.88 associates per partner.

Weil, had PPP of $1.83MM (growth of 7.6% over 04). They have 4.41 associates per partner.

Willkie Farr had PPP of $1.79MM (growth of 9.1% over 04). They have 3.20 associates per partner.

Source: http://www.nylawyer.com/display.php/file=/news/06/05/050106n

Edit:

The "associates per partner" calculation counts only "equity partners" as "partners". Sorry, Kirkland, your little scam has not fooled me.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699682)



Reply

Date: May 2nd, 2006 11:08 AM
Author: Buff vigorous set quadroon

When the AmLaw 200 list comes out, Quinn should be up there at $1.9m and I think there's a chance Irell will be there as well.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699774)



Reply

Date: May 2nd, 2006 11:09 AM
Author: Motley parlour

When does the AmLaw 200 come out? Later this month?

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699778)



Reply

Date: May 2nd, 2006 11:30 AM
Author: Buff vigorous set quadroon

AmLaw 200 came out the month after AmLaw 100 last year, but last year's AmLaw 100 didn't come out until July. If the AmLaw 200 does take longer it's probably because there's more firms in that range who are reluctant to disclose this info.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699882)



Reply

Date: May 2nd, 2006 11:11 AM
Author: anal impertinent market

What do you make of the different leverage and similiar PPP? Do you think it reflects differences in billing rates, and to some extent hours?



(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699790)



Reply

Date: May 2nd, 2006 11:28 AM
Author: Buff vigorous set quadroon

It explains Wachtell, since (I think) they charge a flat fee (% of MEGADEAL value) instead of hourly billing, and when they're productive that translates into a lot of deals/money per hour.

Otherwise I think the difference might be in billing, but perhaps in terms of which practice areas make up their revenue. Litigation requires more hours and bankruptcy bills have to be disclosed to the court, and there's probably more subtle differences among the Wall Street firms also.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699869)



Reply

Date: May 2nd, 2006 11:10 AM
Author: Balding gaping

Cadwalader should be able to flog more productivity out of it's 47.9 associates per partner.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699784)



Reply

Date: May 2nd, 2006 11:19 AM
Author: violent mint legend

I think it's pathetic -- pathetic! -- that WLRK can't break the $4 million mark.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699826)



Reply

Date: May 2nd, 2006 11:36 AM
Author: Aphrodisiac slippery nursing home

The "associates per partner" numbers are not accurate for firms that have 2-tier partnership structures.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699930)



Reply

Date: May 2nd, 2006 12:46 PM
Author: anal impertinent market

True enough; but non-equity partners are similiar enough to senrior associates than I'm not losing sleep.

(https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5700264)