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Law Firm Financial Results Analyzed

The Legal Intelligencer

Gina Passarella, senior staff reporter for The Legal Intelligencer, analyzes the financial results for law firms in the last year, focusing on the trends present among all firms.

You can view a collection of articles on law firm financial results here.
 

Fox Rothschild's Revenue Up 10 Percent, PPP Up 3.6 Percent
The Legal Intelligencer
May 11, 2011

Philadelphia-based Fox Rothschild was the rare Pennsylvania firm whose revenue rose by a higher percentage than its profits per partner in 2010. The firm's gross revenue in 2010 was about $239.3 million, up nearly 10.3 percent from 2009, when its gross revenue was about $217 million. Full Text


Saul Ewing's Revenue Up 5.2 Percent, PPP Up 18.2 Percent
The Legal Intelligencer
April 15, 2011

After experiencing drops in its gross revenue and revenue per lawyer (RPL) in 2009, Saul Ewing was able to bolster both along with profits per partner (PPP) and average compensation for all partners in 2010 despite partnership tiers that remained nearly flat. Full Text


Pepper Hamilton's Revenue Down 5.8 Percent, PPP Up 1.4 Percent
The Legal Intelligencer
April 7, 2011

Pepper Hamilton's gross revenue was down about 5.8 percent in 2010, but the firm's executive partner said the firm was still ahead of its budget. Full Text


Buchanan Ingersoll's Revenue Steady, PPP Up 12 Percent
The Legal Intelligencer
March 16, 2011


Pittsburgh-based Buchanan Ingersoll & Rooney's gross revenue stayed almost flat last year, but Chief Executive Officer John A. "Jack" Barbour called 2010 a "spectacular" year for the firm. Full Text


Blank Rome Sees Revenue Drop 3 Percent, Profits Rise 6 Percent
The Legal Intelligencer
March 11, 2011

Blank Rome saw a 3.4 percent dip in gross revenue in 2010 but managed a 6 percent rise in profits thanks in part to its prepayment of 2010 expenses out of 2009 profits, the firm said. Full Text


Duane Morris' Revenue Rises 6 Percent, PPP 10.5 Percent
The Legal Intelligencer
March 2, 2011

Philadelphia-based Duane Morris' gross revenue rose 6 percent and profits per equity partner (PPP) rose 10.5 percent in 2010 due in part to some small rate increases and strong collection activity, coupled with continued cost-containment measures, the firm said. Full Text


Burns White Restructures Practice Groups After 'Best Year Ever' for Revenue
The Legal Intelligencer
March 1, 2011

Following what its founding member said was its best revenue year to date, Pittsburgh-based litigation, transportation and business law firm Burns White has subdivided its litigation practice, creating stand-alone environmental, immigration, employment, oil and gas and banking and financial services litigation groups. Full Text


 

For First Time, Stevens & Lee Crosses $1 Million PPP Mark
The Legal Intelligencer

February 28, 2011

Stevens & Lee was able to increase its gross revenue by 5 percent in 2010 despite seeing a 2 percent drop in headcount and a 7 percent drop in billable hours. The firm was also able to increase profits per equity partner (PPP) 10.5 percent, pushing it to the $1 million mark for the first time. Full Text


 

After Big 2009, Cozen O'Connor's Revenue, Profits Fall in 2010
The Legal Intelligencer
February 23, 2011

Cozen O'Connor saw dips in all of its key financial metrics in 2010 after seeing major rises in those figures the year before thanks to a large contingency fee in 2009. Full Text


Ballard Spahr's PPP Jumps 21.7 Percent
Law Firm's RPL Grows 10.5 Percent
The Legal Intelligencer
February 15, 2011

For Ballard Spahr, there was never much of a distinction between its equity and non-equity partner tiers, as both groups had the same voting rights and put capital into the firm. The only difference was that non-equity partners were paid a set income. Full Text


K&L Gates Boosts PPP 8 Percent, Gross Revenue 2 Percent
The Legal Intelligencer
February 11, 2011

K&L Gates continued in 2010 its streak of growing revenue and partner profits, increasing gross revenue by 2 percent and profits per equity partner by 8 percent. Full Text


Reed Smith Grows Revenue 1.7 Percent, PPP 4.7 Percent
The Legal Intelligencer
February 10, 2011

All things financial came out positive for Reed Smith last year, with the firm seeing increases - albeit sometimes modest - in revenue, profits, headcount and billable hours between 2009 and 2010. Full Text


Dechert's Revenue Drops 9 Percent, Profits Rise 2.6 Percent
The Legal Intelligencer
February 4, 2011

Dechert saw a 9 percent drop in gross revenue in 2010, bringing in $65 million less than it had in 2009. Full Text 

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