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Profits per Partner '05; the top 15
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Date: May 2nd, 2006 10:46 AM Author: Exhilarant coiffed headpube 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. |
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Date: May 2nd, 2006 11:08 AM Author: Glassy metal old irish cottage center 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) |
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Date: May 2nd, 2006 11:09 AM Author: transparent titillating home bbw When does the AmLaw 200 come out? Later this month? (https://autoadmit.com/thread.php?thread_id=409460&forum_id=2#5699778) |
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Date: May 2nd, 2006 11:30 AM Author: Glassy metal old irish cottage center 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) |
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Date: May 2nd, 2006 11:11 AM Author: Exhilarant coiffed headpube 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?
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Date: May 2nd, 2006 11:28 AM Author: Glassy metal old irish cottage center 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. |
Date: May 2nd, 2006 11:10 AM Author: sapphire concupiscible step-uncle's house circlehead 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) |
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Date: May 2nd, 2006 11:19 AM Author: burgundy mischievous native 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) |
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Date: May 2nd, 2006 11:36 AM Author: rebellious bipolar spot 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) |
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Date: May 2nd, 2006 12:46 PM Author: Exhilarant coiffed headpube 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) |