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Biglaw Profits Per Partner (PPP) info for 2006

EDIT: This list is no longer being updated. Numbers for all ...
excitant rambunctious coffee pot
  01/13/07
GT's moving up in teh world.
French indigo associate
  01/13/07
...
passionate overrated location newt
  01/13/07
Recorder article on SF firms
excitant rambunctious coffee pot
  01/13/07
Reed Smith: http://www.law.com/jsp/article.jsp?id=1168596135...
excitant rambunctious coffee pot
  01/13/07
littler is so TTT. sweet irony, a firm that works exclusivel...
Maroon Medicated School Cafeteria Turdskin
  01/13/07
this is profits per partner
passionate overrated location newt
  01/13/07
I know but they also pay real shitty to their associates. so...
Maroon Medicated School Cafeteria Turdskin
  01/13/07
it is also funny that there are associates at WLRK who get p...
passionate overrated location newt
  01/13/07
At least it the major markets. I know that their Atlanta of...
self-centered garrison legal warrant
  01/13/07
Compilation of Negative Links About R.D. and Michael Fertik
boyish macaca
  04/15/07
Is Quinn's increase based on their contingency work again?
peach razzle-dazzle home
  01/13/07
Yeah, see the Recorder article that I posted. This makes th...
excitant rambunctious coffee pot
  01/13/07
What kind of contingency work are they taking?
dashing cruise ship tattoo
  01/13/07
Patent disputes, I believe.
excitant rambunctious coffee pot
  01/13/07
Do you know what percentage they take for those cases? Is it...
dashing cruise ship tattoo
  01/13/07
I assume so but search Westlaw for an AmLaw or Recorder arti...
excitant rambunctious coffee pot
  01/13/07
http://www.thelawyer.com/cgi-bin/item.cgi?id=123605 &poun...
vigorous lemon parlour
  01/13/07
I'll post it, although it's not really clear from the articl...
excitant rambunctious coffee pot
  01/13/07
Last year was 401,000 pounds. http://www.thelawyer.com/gl...
vigorous lemon parlour
  01/13/07
That sounds about right for the Jones Day PPP I had for last...
excitant rambunctious coffee pot
  01/13/07
Yeah, its a 15% increase, which is in line with most of the ...
vigorous lemon parlour
  01/13/07
Wait, JD is only paying 400K PPP in the US?!
ocher impertinent police squad filthpig
  01/13/07
That's in pounds. Its about ~900K USD.
vigorous lemon parlour
  01/13/07
less than that. more like 750k USD
Adventurous slap-happy theatre
  02/15/07
the global 100 is interesting when you consider exchange rat...
Maroon Medicated School Cafeteria Turdskin
  01/13/07
Faegre is such a TTT.
ocher impertinent police squad filthpig
  01/13/07
I would pick Faegre over Dorsey. Most would. hth.
Nofapping shrine persian
  01/13/07
Wachtell - $3.79m (+8.3%) Cravath - $2.600m (+17.9%) C...
ocher impertinent police squad filthpig
  01/13/07
Why are you copying last year's numbers?
excitant rambunctious coffee pot
  01/13/07
Because it's annoying having to click the link to read last ...
ocher impertinent police squad filthpig
  01/13/07
Tried using a tabbed browser? So now I have your post takin...
excitant rambunctious coffee pot
  01/13/07
agreed. that was super idiotic.
Titillating topaz roast beef
  01/13/07
why do people with top grades and clerkships go to munger?
Maroon Medicated School Cafeteria Turdskin
  01/13/07
http://www.xoxohth.com/thread.php?thread_id=512208&forum...
excitant rambunctious coffee pot
  01/13/07
because they don't have the cajones to work for a real firm
passionate overrated location newt
  01/13/07
there is no way Jones Day is that high. look at their Atlan...
irradiated cyan puppy
  01/13/07
The link is above. I mentioned that it might be for just th...
excitant rambunctious coffee pot
  01/13/07
When does the total ppp list come out?
Contagious heaven son of senegal
  01/13/07
Last year it was May/June.
excitant rambunctious coffee pot
  01/13/07
Fine by me.
kink-friendly den
  01/14/07
Why isn't Knobbe Martin on the list? I thought that firm pa...
self-centered garrison legal warrant
  01/14/07
I've heard that seniors and partners don't make very much th...
excitant rambunctious coffee pot
  01/14/07
Dechert
excitant rambunctious coffee pot
  01/25/07
Bump to $160k in Philadelphia? Yeah right.
abnormal trailer park legend
  01/25/07
You don't get to $2m PPP by being generous!
excitant rambunctious coffee pot
  01/25/07
How did a shitty firm like Dechert end up being so profitabl...
big keepsake machete abode
  01/25/07
seriously. dechert? wtf? they put MUNGER to shame
Sick Halford Wrinkle
  01/25/07
Charlie Munger could single-handedly double MTO's PPP just b...
excitant rambunctious coffee pot
  01/25/07
they got the most of the merck vioxx work and had a big piec...
Exhilarant doobsian point
  01/25/07
i thought hughes hubbard was doing most of the vioxx work
Adventurous slap-happy theatre
  02/08/07
Thanks for the link -- but how were you able to get to the L...
bateful vermilion native immigrant
  01/25/07
It was on law.com today -- I think every day there are one o...
excitant rambunctious coffee pot
  01/25/07
Anyone have a link to the PPP stats for the Magic Circle?
Brindle fiercely-loyal set
  01/25/07
I thought it hadn't been reported yet, but I did a quick sea...
excitant rambunctious coffee pot
  01/25/07
Nevermind. There was some mention of Linklater's PPP for 20...
excitant rambunctious coffee pot
  01/25/07
Thanks anyway.
Brindle fiercely-loyal set
  01/25/07
Actually I just realized last year's chart didn't have the n...
excitant rambunctious coffee pot
  01/25/07
ty, ty.
Brindle fiercely-loyal set
  01/25/07
Cadwalader: http://www.law.com/jsp/nylj/PubArticleNY.jsp?hub...
excitant rambunctious coffee pot
  02/03/07
Susman Godfrey - 3.9mil http://www.accessmylibrary.com/co...
zippy blood rage institution
  02/05/07
Oh nice, I always wondered what their PPPs were like. But t...
excitant rambunctious coffee pot
  02/05/07
Oh shit, you're right. My bad, sorry.
zippy blood rage institution
  02/06/07
Paul Weiss, Sidley: http://www.legalweek.com/Articles/100595...
excitant rambunctious coffee pot
  02/07/07
If anybody can find the Baker numbers referenced in the firs...
excitant rambunctious coffee pot
  02/07/07
Gibson: http://www.legalweek.com/Articles/1006164/West+Coast...
excitant rambunctious coffee pot
  02/08/07
Munger $1.22 Million (+12%) Bingham McCutchen $1.22 Millio...
Duck-like Hominid
  02/09/07
Source?
excitant rambunctious coffee pot
  02/09/07
You don't trust me? http://www.law.com/jsp/ca/PubArticleCA....
Duck-like Hominid
  02/09/07
I do, just wanted the link. Thanks, I don't know how I miss...
excitant rambunctious coffee pot
  02/09/07
Will Cadwalader beat Cravath in PPP? Consequences?
Offensive tank
  02/09/07
We already have them beat by the fact that we are too good f...
mind-boggling aquamarine hairy legs
  02/09/07
Latham and OMM: http://www.law.com/jsp/ca/PubArticleCA.jsp?i...
excitant rambunctious coffee pot
  02/12/07
PPP including nonequity
opaque step-uncle's house alpha
  02/21/07
Hm, this makes sense to me. However, I wonder if AmLaw calc...
excitant rambunctious coffee pot
  02/21/07
On further consideration I decided to delete my estimates fo...
excitant rambunctious coffee pot
  02/21/07
Second Class Citizens
opaque step-uncle's house alpha
  02/21/07
The reason that I'm not sure AmLaw does it properly is becau...
excitant rambunctious coffee pot
  02/21/07
NEP Comp
opaque step-uncle's house alpha
  02/21/07
Couple of posts here and there about Kirkland's NEP comp. I...
excitant rambunctious coffee pot
  02/21/07
Here is KirklandTroll's estimate of non-equity partner comp ...
excitant rambunctious coffee pot
  02/22/07
Added in estimates of PPP including nonequity partners for W...
excitant rambunctious coffee pot
  02/12/07
McDermott: http://www.legalweek.com/Articles/1007236/PEP+up+...
excitant rambunctious coffee pot
  02/12/07
Recorder article on LA firms
excitant rambunctious coffee pot
  02/13/07
Cleary: http://www.legalweek.com/Articles/1007829/Cleary+bre...
excitant rambunctious coffee pot
  02/15/07
Paul Hastings: http://www.thelawyer.com/cgi-bin/item.cgi?id=...
excitant rambunctious coffee pot
  02/15/07
"Chairman Seth Zachary said the [London] office was the...
Duck-like Hominid
  02/15/07
Actually I'm starting to wonder if the global firms are gett...
excitant rambunctious coffee pot
  02/15/07
*ching* give the man a big wheel of dutch cheese
magical sanctuary mad-dog skullcap
  02/16/07
Irell and Knobbe Martens: http://www.law.com/jsp/ca/PubArtic...
excitant rambunctious coffee pot
  02/15/07
Morgan Lewis and Jeffer Mangels: http://www.law.com/jsp/ca/P...
excitant rambunctious coffee pot
  02/16/07
http://www.averyindex.com/2007_schiltz.php I think these ...
Avocado Church Building
  02/16/07
They are 2005 at best, given that most of these firms haven'...
excitant rambunctious coffee pot
  02/16/07
Sherman: There is some confusion over the numbers, as noted ...
excitant rambunctious coffee pot
  02/17/07
King & Spaulding: http://www.marketwire.com/mw/release_h...
excitant rambunctious coffee pot
  02/17/07
Akin Gump: http://www.thelawyer.com/cgi-bin/item.cgi?id=1243...
excitant rambunctious coffee pot
  02/19/07
Pepper Hamilton: http://www.law.com/jsp/article.jsp?id=11719...
excitant rambunctious coffee pot
  02/21/07
Debevoise: http://www.thelawyer.com/cgi-bin/item.cgi?id=1243...
excitant rambunctious coffee pot
  02/21/07
Hmm, I should probably stick this on LFD in chart format.
cerebral disrespectful athletic conference stage
  02/22/07
Duane Morris: http://www.law.com/jsp/article.jsp?id=11721385...
excitant rambunctious coffee pot
  02/26/07
"People are concerned that they might not make partner ...
Harsh Carnelian Property
  02/26/07
Cahill PPP
silver sweet tailpipe address
  02/26/07
Good catch, thanks.
excitant rambunctious coffee pot
  02/26/07
thanks for compiling
silver sweet tailpipe address
  02/26/07
Milbank, Kaye Scholer: http://www.legalweek.com/Articles/101...
excitant rambunctious coffee pot
  03/06/07
Greenberg Traurig: http://www.law.com/jsp/article.jsp?id=117...
excitant rambunctious coffee pot
  03/06/07
Wachtell, Cravath, Sullivan, Skadden, Fried Frank - http://...
excitant rambunctious coffee pot
  03/22/07
Re Wachtell, please explain to me how $3.79M (2005) --> $...
Titillating topaz roast beef
  04/15/07
Yeah, we never got a good answer to the question: http://www...
excitant rambunctious coffee pot
  04/15/07
My guess is legalweek just fucked up. It would be interestin...
Titillating topaz roast beef
  04/15/07
Legal Week has published their Top 50 list: http://www.legal...
excitant rambunctious coffee pot
  04/19/07
man PPP's = peasant $
crimson state telephone
  04/19/07
http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-milli...
excitant rambunctious coffee pot
  04/19/07
banking > law. Sadly I just realized this now as a 2L, so...
crimson state telephone
  04/19/07
...
excitant rambunctious coffee pot
  04/19/07
Not updating this list anymore. I added the Westlaw cite to...
excitant rambunctious coffee pot
  05/07/07
Updated OP with the Westlaw cite for the AmLaw 200 list.
excitant rambunctious coffee pot
  06/05/07
your cite doesn't work
dull messiness rehab
  06/05/07
Hm, I just tried it and it worked for me. You can just se...
excitant rambunctious coffee pot
  06/05/07
Just searched again and they changed the cite, so this one s...
excitant rambunctious coffee pot
  06/11/07
this makes me really sad. The most you can possibly hope fo...
diverse white locus becky
  06/11/07
what type of business?
Embarrassed To The Bone Odious Trust Fund Church
  06/11/07


Poast new message in this thread



Reply

Date: January 13th, 2007 5:11 PM
Author: excitant rambunctious coffee pot

EDIT: This list is no longer being updated. Numbers for all AmLaw 200 firms are on Westlaw at 6/2007 AMLAW 151

Law firms are reporting financial info, so I might as well collect them into one list. Sources are in the posts below. As usual, I reserve judgment on whether any of this info is actually "useful" -- if you prefer some other metric like revenue per lawyer, wait for AmLaw or run the numbers yourself. If you have an addition, please post to this thread or use the anonymous email form at http://xoxoreader.blogspot.com/

Last year's numbers are here: Biglaw Profits Per Partner (PPP) info for 2005

Firm - PPP (percent change) / PPP including nonequity partners

Wachtell - $3.975m (+4.9%)

Cravath - $3.015m (+16%)

Cadwalader - $2.9m (+13.7%)

Sullivan - $2.8m (+8%)

Kirkland - $2.6m (+19.8%)

Cahill - $2.57m

Simpson - $2.5m (+5.3%)

Paul Weiss - $2.5m (+1%)

Quinn - $2.43m (+24%)

Davis - $2.43m (+16.8%)

Milbank - $2.17m (+7%)

Skadden - $2.15m (+16%)

Cleary - $2.1m (+7%)

Wilkie - $2.03m (+13%)

Dechert - $1.985m (+27%)

Weil - $1.95m (+4%)

Latham - $1.855m (+16%)

Debevoise - $1.806m (+7%)

Gibson - $1.75m (+7%)

Irell - $1.675m (+12%)

O'Melveny - $1.625m (+1%)

Paul Hastings - $1.605m (+21%)

Fried Frank - $1.53m (+23%)

White & Case - $1.5m (+21.1%)

Shearman - $1.48m (+14%)

Townsend - $1.44m (+6%)

Dewey - $1.44m

Orrick - $1.43m (+15%)

LeBoeuf - $1.43m (+8%)

Kaye Scholer - $1.41m (+10%)

McDermott - $1.4m (+10%)

King & Spaudling - $1.312m (+25%)

Wilson Sonsini - $1.3m (+30%)

Sidley - $1.3m (+6%)

Jeffer Mangels - $1.25m (-14%)

Morgan Lewis - $1.24m (+24%)

Munger - $1.22m (+12%)

Bingham - $1.22m (+0%)

Howrey - $1.2m (+28%)

Greenberg Traurig - ~$1.2m

MoFo - $1.13m (+8%)

DLA (US only) - $1.12m (+14%)

Loeb - $1.175m (+27%)

Akin Gump - ~$1.1m (+14%)

Manatt - $1.1m(+6%)

Sheppard Mullin - $1.025m (+4%)

Heller Ehrman - $1.035m (+17%)

Finnegan - ~$1m (+~20%)

Cooley Godward - ~$1.0m (+10%)

Reed Smith - $940k (+17%)

Jones Day - ~$900k

Pillsbury - $875k (+14%)

Allen Matkins - $740k (+10%)

Duane Morris - $728k (+8%)

Sedgwick - $705k (+11%)

Pepper Hamilton - $647k (+3.4%)

Luce Forward - $565k (+3%)

Buchanan Ingersoll - $522k (+14%)

Knobbe - $515k (-1%)

Littler Mendelson - ~$463k (+4%)

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412059)



Reply

Date: January 13th, 2007 5:13 PM
Author: French indigo associate

GT's moving up in teh world.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412067)



Reply

Date: January 13th, 2007 5:17 PM
Author: passionate overrated location newt



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412087)



Reply

Date: January 13th, 2007 5:12 PM
Author: excitant rambunctious coffee pot
Subject: Recorder article on SF firms

The Recorder

January 10, 2007

FIRMS SURF M&A WAVE: CORPORATE WORK, LITIGATION BOOST PROFITS FOR MANY MAJOR

FIRMS

NEWS

By Zusha Elinson

The rising tide of M&A deals lifted law firms' bottom lines in 2006, swelling revenue for some firms and keeping others afloat.

'Put a 'B' for billion in the M&A column,' said Morrison & Foerster Chairman Keith Wetmore, whose firm advised on a number of billion-dollar deals last year.

While corporate lawyers were well-occupied, securities litigators got their own boost from corporate clients eager to cleanse themselves of backdating scandals. IP and mass tort litigators were also busy in 2006.

The trends brought big returns for most leading firms, according to The Recorder 's annual survey of California firm finances. More than a dozen firms with major California practices have released financial data thus far, and most reported double-digit gains in revenue from the previous year.

Nearly every firm reported two-digit growth in profit per equity partner, but fewer reported such high increases in revenue per lawyer -- a number that some legal industry observers say gives the best picture of a law firm's economic standing.

'I think that revenue per lawyer is the most accurate measure of a firm's financial health,' said Richard Gary, a law firm consultant with Gary Advisors. 'Profits per equity partner are subject to manipulation and can be all over the map.'

Quinn Emanuel Urquhart Oliver & Hedges boosted RPL 29 percent. With headcount up 20 percent, and some large contingency fees coming in, that helped push the firm's 2006 revenue up a whopping 54 percent to $298 million.

At Pillsbury Winthrop Shaw Pittman, revenue was up just 1 percent as it shed more than 111 lawyers, including 37 partners. But that helped the firm improve its RPL 16 percent, to $770,000.

'We are indeed a leaner firm than we were a year ago -- but that has made us more nimble and efficient and allowed us to draw more effectively on our talented partners and market-leading practices, which is why, despite fewer lawyers, our revenue exceeded what we earned last year, and profits rose considerably,' said new chairman James Rishwain Jr. 'Many lawyers who left were conflicted out as a result of the 2005 merger with Shaw Pittman.'

MoFo boosted its RPL as well -- by working its lawyers harder. The firm's headcount grew just 1 percent, but its revenue swelled 13 percent to $774 million, and RPL increased 12 percent to $820,000.

'We had capacity for our existing team to work a little harder, so we wanted to make sure that everyone's plate was full before adding more lawyers,' said MoFo's Wetmore, adding that recruits were at a premium in 2006.

Littler Mendelson saw RPL increase 10 percent.

It was a different story at Fenwick & West, where revenue per lawyer was up just 2 percent, one of the lowest among the firms that have compiled year-end results thus far. Revenue was up 5 percent even though other Silicon Valley firms, like Wilson Sonsini Goodrich & Rosati and Cooley Godward Kronish, saw double-digit increases, thanks in part to the hot deal market.

Managing Partner Gordon Davidson said that a challenge for Fenwick, known for its emerging companies practice, is replacing those clients when so many are being acquired. Still, M&A deal flow 'continued strong for the fourth consecutive year,' he said.

THE PROFITS PICTURE

Several firms reported PPP above $1 million. Quinn Emanuel topped the list with $2.43 million, followed by Orrick, Herrington & Sutcliffe at $1.43 million -- a 15 percent jump from the previous year.

At Orrick, revenue was up 20 percent to $666 million in part because of its rapid expansion last year. The firm added offices and 116 lawyers, bringing the headcount to 839 -- a 16 percent spike from 2005. Though the new lawyers brought in revenue, the new offices brought in more bills.

'Our revenues are great, but we would have been more ahead without those investments,' said Orrick's Ralph Baxter Jr., whose firm posted a 4 percent gain in RPL.

Wilson saw the most dramatic growth in PPP, which shot up 30 percent to $1.3 million -- due in part to 35 fewer equity partners, according to the firm's 2006 calculations.

'We have one category of partners -- they're equity partners,' said Wilson CEO John Roos. 'We really don't agree with the definition [that ALM uses].'

This year, though, the firm decided to apply the American Lawyer magazine rules, under which 31 partners qualify for nonequity status.

'We sat there and said, 'This is the definition, and let's just apply the definition to be consistent with what's out there. There wasn't any particular reason [to do so this year].'

Pillsbury's PPP picked up 14 percent to $875,000, even as it reported a 40 percent increase in its number of equity partners.

In 2005, when Pillsbury's profits and revenue were flat, the firm reported a big dip in the number of equity partners.

'Increased profitability simply placed more of our partners into the equity range, as measured by Am Law,' Rishwain said. Under Am Law rules, nonequity partners are those whose guaranteed income makes up more than half their total compensation.

MoFo's PPP increased 8 percent to $1.13 million, even while the firm's equity partner ranks swelled by 10 percent. In 2005, the firm shifted about 50 partners from equity to nonequity status.

Reed Smith boosted PPP 17 percent to $940,000.

Littler saw a modest increase in PPP, which was up 4 percent. The San Francisco-based employment firm increased headcount 10 percent as it added six new offices. Revenue was up 20 percent.

Two firms -- Cooley and Heller Ehrman -- reported that their PPP had topped $1 million for the first time. Cooley's PPP grew 10 percent, even though the firm saw more than a 10 percent increase in its number of equity partners.

At Heller, revenue and RPL were up modestly. But PPP grew 17 percent, which the firm attributed in part to partner retirement and defections that trimmed the ranks by 9 percent.

Reporter Zusha Elinson's e-mail address is zelinson@alm.com. Reporters Petra Pasternak and Jessie Seyfer contributed to this story.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412064)



Reply

Date: January 13th, 2007 5:13 PM
Author: excitant rambunctious coffee pot

Reed Smith: http://www.law.com/jsp/article.jsp?id=1168596135443

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412071)



Reply

Date: January 13th, 2007 5:14 PM
Author: Maroon Medicated School Cafeteria Turdskin

littler is so TTT. sweet irony, a firm that works exclusively to screw over employees does the same thing to its own attorneys

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412075)



Reply

Date: January 13th, 2007 5:19 PM
Author: passionate overrated location newt

this is profits per partner

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412101)



Reply

Date: January 13th, 2007 5:22 PM
Author: Maroon Medicated School Cafeteria Turdskin

I know but they also pay real shitty to their associates. so it's funny that everyone is getting screwed there

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412122)



Reply

Date: January 13th, 2007 5:24 PM
Author: passionate overrated location newt

it is also funny that there are associates at WLRK who get paid more than the average partner at littler

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412131)



Reply

Date: January 13th, 2007 5:25 PM
Author: self-centered garrison legal warrant

At least it the major markets. I know that their Atlanta office pays the same as other big firms there.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412135)



Reply

Date: April 15th, 2007 7:13 AM
Author: boyish macaca
Subject: Compilation of Negative Links About R.D. and Michael Fertik

Reputation Defender Michael Fertik http://www.repdefender.ytmnd.com

Bump this thread every time Michael Fertik loses a client

http://media.www.hlrecord.org/media/storage/paper609/news/2007/04/05/News/Autoadmit.Lifts.Veil.Of.Anonymity-2826053.shtml

Michael Fertik rachmiel slams Reputation Defender in lengthy screed

Mike Fertik http://snarkybastards.com/index.php/category/the-law-is-an-ass-an-idiot/page/2/

ReputationDefender http://www.encyclopediadramatica.com/index.php/Michael_Fertik

http://positiveliberty.com/category/the-bureau/page/2/ Michael Fertik Reputation Defender

Mike Fertik http://www.youtube.com/watch?v=yYEHkXJmsO0 Reputation Defender

ReputationDefender http://www.hlrecord.org/news/2005/03/17/Etc/Fenno-896966.shtml Michael Fertik Reputation Defender

ReputationDefender http://authorskeptics.blogspot.com/2004/11/professor-tribe-new-harvard-law-record.html Mike Fertik

Reputation Defender ReputationDefender http://forum.mamboserver.com/showthread.php?t=62768&page=2 Michael Fertik ReputationDefender

ReputationDefender rachmiel slams Reputation Defender in lengthy screed Mike Fertik ReputationDefender

http://bamber.blogspot.com/2007_01_01_archive.html Mike Fertik

Reputation Defender ReputationDefender http://www.positiveliberty.com/2007/01/irony-at-cada-vez.html Michael Fertik

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Harvard Law paper pokes fun at \\\"superstudyasian\\\"

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Reputation Defender Michael Fertik Harvard Law paper pokes fun at \\\"superstudyasian\\\"

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/challenge.to.reputation.defender.html Mike Fertik

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ReputationDefender Wow. ReputationDefender is sleazy. Reputation Defender

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Wow. ReputationDefender is sleazy.

Bump this thread every time Michael Fertik loses a client

ReputationDefender rachmiel slams Reputation Defender in lengthy screed

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(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7934810)



Reply

Date: January 13th, 2007 5:17 PM
Author: peach razzle-dazzle home

Is Quinn's increase based on their contingency work again?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412089)



Reply

Date: January 13th, 2007 5:18 PM
Author: excitant rambunctious coffee pot

Yeah, see the Recorder article that I posted. This makes them only the second non-NY firm to break $2m though (after Kirkland last year).

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412095)



Reply

Date: January 13th, 2007 5:25 PM
Author: dashing cruise ship tattoo

What kind of contingency work are they taking?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412138)



Reply

Date: January 13th, 2007 5:32 PM
Author: excitant rambunctious coffee pot

Patent disputes, I believe.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412158)



Reply

Date: January 13th, 2007 5:36 PM
Author: dashing cruise ship tattoo

Do you know what percentage they take for those cases? Is it 30% like PI?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412177)



Reply

Date: January 13th, 2007 5:39 PM
Author: excitant rambunctious coffee pot

I assume so but search Westlaw for an AmLaw or Recorder article on this.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412190)



Reply

Date: January 13th, 2007 5:19 PM
Author: vigorous lemon parlour

http://www.thelawyer.com/cgi-bin/item.cgi?id=123605

£462,000 = ~$900,000

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412099)



Reply

Date: January 13th, 2007 5:21 PM
Author: excitant rambunctious coffee pot

I'll post it, although it's not really clear from the article if they might be referring to just Jones Day London or last year's numbers or both.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412112)



Reply

Date: January 13th, 2007 5:24 PM
Author: vigorous lemon parlour

Last year was 401,000 pounds.

http://www.thelawyer.com/global100/2005/pep.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412129)



Reply

Date: January 13th, 2007 5:25 PM
Author: excitant rambunctious coffee pot

That sounds about right for the Jones Day PPP I had for last year. Thanks.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412134)



Reply

Date: January 13th, 2007 5:28 PM
Author: vigorous lemon parlour

Yeah, its a 15% increase, which is in line with most of the other firms.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412147)



Reply

Date: January 13th, 2007 5:29 PM
Author: ocher impertinent police squad filthpig

Wait, JD is only paying 400K PPP in the US?!

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412149)



Reply

Date: January 13th, 2007 5:35 PM
Author: vigorous lemon parlour

That's in pounds.

Its about ~900K USD.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412169)



Reply

Date: February 15th, 2007 11:42 AM
Author: Adventurous slap-happy theatre

less than that. more like 750k USD

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608224)



Reply

Date: January 13th, 2007 5:20 PM
Author: Maroon Medicated School Cafeteria Turdskin

the global 100 is interesting when you consider exchange rates. guess foreign companies are taking advantage of the low cost

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412104)



Reply

Date: January 13th, 2007 5:26 PM
Author: ocher impertinent police squad filthpig

Faegre is such a TTT.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412145)



Reply

Date: January 13th, 2007 9:27 PM
Author: Nofapping shrine persian

I would pick Faegre over Dorsey. Most would.

hth.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413650)



Reply

Date: January 13th, 2007 5:31 PM
Author: ocher impertinent police squad filthpig

Wachtell - $3.79m (+8.3%)

Cravath - $2.600m (+17.9%)

Cadwalader - $2.545m (+20.6%) / $2.025m

Paul Weiss - $2.475m (+14.8%)

Sullivan - $2.410m (+2.6%)

Simpson - $2.370m (+1.7%)

Cahill - $2.285m (-6.9%) / $2.255m

Kirkland - $2.120m (+7.3%) / $1.160m

Milbank - $2.020m (+6.3%) / $1.935m

Davis - $2.000m (-0.2%)

Cleary - $1.960m (+14.3%)

Quinn - $1.96m (+1%)

Skadden - $1.910m (+10.1%)

Schulte - $1.900m (+4.7%) / $1.885m

Weil - $1.830m (+7.6%) / $1.535m

Willkie - $1.790m (+9.1%)

Debevoise - $1.675m (+10.9%)

Gibson - $1.635m (+7.9%)

O'Melveny - $1.615 (+23.3%) / $1.515m

Latham - $1.600m (+13.9%) / $1.400m

Dechert - $1.560m (+26.3%) / $1.195m

Irell - $1.5m (-3%)

Shearman - $1.385m (+20.4%) / $1.335m

Kramer Levin - $1.375m (+13.6%) / $1.150m

LeBoeuf - $1.32m (+14.2%) / $1.095m

Paul Hastings - $1.325m (+12.8%) / $1.205m

Kaye Scholer - $1.285m (+8.9%) / $1.260m

McDermott - $1.280m (+7.6%) / $825k

Goodwin Proctor - $1.245m (+6.9%) / $1.005m

Orrick - $1.240m (+13.8%) / $865k

Fried Frank - $1.240m (+7.4%)

White & Case - $1.240m (+1.6%) / $1.075m

Sidley - $1.235m (+21.1%) / $890k

Dewey - $1.225m (-0.4%) / $1.070m

Proskauer - $1.220m (+7.0%) / $1.190m

Bingham - $1.220m (+6.1%) / $780k

Stroock - $1.145m (+8.0%)

Winston - $1.115m (+13.2%) / $675k

Hughes Hubbard - $1.100m (+8.4%)

Gunderson - $1.1m

Greenberg Traurig - $1.090m (+10.7%) / $610k

Munger - ~$1.08m (+4%)

Ropes - $1.080m (+1.9%)

Vinson - $1.070m (+19.6%) / $940k

Dickstein - $1.065m (+30.7%) / $840k

King & Spaulding - $1.050m (-10.6%) / $820k

MoFo - $1.050m (+27.3%) / $835k

DLA Piper - $1.000m / $645k

Morgan Lewis - $1.000 (+11.1%) / $780k

Manatt - $1.03m (+12%)

Wilson Sonsini - $980k (+13.3%)

Covington - $975k (+18.2%)

Akin Gump - $965k (+8%) / $800k

Chadbourne - $965m (-3.5%) / $725k

Howrey - $960k (+23.9%) / $690k

Mayer Brown - $955k (+5.5%)

Katten Muchin - $935k (+9.4%) / $655k

Loeb - $926k (+30%)

WilmerHale - $915k (+5%.2)

Cooley Godward - $910k (+7.1%) / $890k

Baker Botts - $905k (+4.6%) / $860k

Fish & Richardson - $905k (+15.3%) / $660k

Hogan - $905k (+9.7%) / $725k

Heller - $885k (+3.5%) / $745k

Fenwick - $905k (-3%)

Heller - $885k (+4%) / $745k

Finnegan - $870k (-2.8%) / $805k

Steptoe - $855k (+8.9%)

Thelen Reid - $850k (+44.1%) / $685k

Foley - $845k (+13.4%) / $610k

Arnold & Porter - $835k (+0.6%)

Mintz Levin - $835k (+4.4%) / $550k

Alston & Bird - $810k (-13.4%) / $580k

Reed Smith - $800k (+20.3%) / $530k

Sonnenschein - $800k (+11.1%) / $560k

Sutherland - $800k (+12.7%) / $715k

Sheppard - $785k (+15%) / $725k

Wilson Elser - $775k (+6.9%) / $525k

Pillsbury - $765k (-1.9%) / $545k

Baker McKenzie - $760k (+16.9%)

Kirkpatrick - $725k (+9.0%) / $510k

Jones Day - $720k (+8.3%) / $700k

Fulbright - $715k (+6.7%)

Jenner - $710k (+7.6%) / $700k

Andrews Kurth - $705k (+7.6%) / $610k

Duane Morris - $675k (+18.4%) / $475k

Hunton & Williams - $670k (+4.7%) / $575k

Allen Matkins - $675k (+16%)

Sedgewick - $640k (-7%)

Pepper Hamilton - $625k (+5.0%) / $535k

Squire Sanders - $625k (+3.3%) / $510k

Patton Boggs - $620k (-2.4%) / $510k

Bryan Cave - $615k (+15.0%) / $490k

Kilpatrick - $615k (+2.5%) / $500k

Perkins Coie - $610k (+22.0%) / $460k

McGuireWoods - $605k (0%)

Seyfarth Shaw - $600k (+12.1%) / $490k

Edwards Angell - $600k / $545k

Venable - $595k (+7.2%) / $480k

Drinker Biddle - $575k (+15.0%) / $520k

Blank Rome - $570k (+5.6%) / $485k

Nixon Peabody - $570k (+3.6%) / $500k

Troutman - $550k (+6.8%) / $425k

Baker & Hostetler - $535k (-1.8%) / $445k

Shook Hardy - $520k (+9.5%) / $400k

Womble Carlyle - $515k (-8.0%) / $385k

Buchanan Ingersoll - $485k (+20%)

Dorsey - $485k (+1.0%) / $435k

Holland & Knight - $480k (+7.9%) / $375k

Cozen O'Connor - $470k (+2.2%) / $370k

Littler - $445k (+2%)

Faegre & Benson - $410k (+9.3%)

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412156)



Reply

Date: January 13th, 2007 5:33 PM
Author: excitant rambunctious coffee pot

Why are you copying last year's numbers?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412161)



Reply

Date: January 13th, 2007 5:34 PM
Author: ocher impertinent police squad filthpig

Because it's annoying having to click the link to read last year's numbers.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412164)



Reply

Date: January 13th, 2007 5:38 PM
Author: excitant rambunctious coffee pot

Tried using a tabbed browser? So now I have your post taking up like half the thread, plus you didn't title it so I didn't know what it was at first. But whatever.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412185)



Reply

Date: January 13th, 2007 8:13 PM
Author: Titillating topaz roast beef

agreed. that was super idiotic.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413197)



Reply

Date: January 13th, 2007 5:34 PM
Author: Maroon Medicated School Cafeteria Turdskin

why do people with top grades and clerkships go to munger?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412162)



Reply

Date: January 13th, 2007 5:36 PM
Author: excitant rambunctious coffee pot

Berkshire Hathaway hits $100k per share, Munger PPP still $1m

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412174)



Reply

Date: January 13th, 2007 5:38 PM
Author: passionate overrated location newt

because they don't have the cajones to work for a real firm

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412186)



Reply

Date: January 13th, 2007 5:41 PM
Author: irradiated cyan puppy

there is no way Jones Day is that high. look at their Atlanta office.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412201)



Reply

Date: January 13th, 2007 5:44 PM
Author: excitant rambunctious coffee pot

The link is above. I mentioned that it might be for just the London office, but I'll keep it there until another link reports differently.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7412217)



Reply

Date: January 13th, 2007 8:16 PM
Author: Contagious heaven son of senegal

When does the total ppp list come out?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413211)



Reply

Date: January 13th, 2007 8:20 PM
Author: excitant rambunctious coffee pot

Last year it was May/June.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7413240)



Reply

Date: January 14th, 2007 10:47 PM
Author: kink-friendly den

Fine by me.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420600)



Reply

Date: January 14th, 2007 10:15 PM
Author: self-centered garrison legal warrant

Why isn't Knobbe Martin on the list? I thought that firm paid a lot?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420292)



Reply

Date: January 14th, 2007 11:24 PM
Author: excitant rambunctious coffee pot

I've heard that seniors and partners don't make very much there, since it's more of a lifestyle place.

The numbers are all self-reported, anyway, and a lot of smaller firms don't report. I have Gunderson on last year's list because there was an article on them, but they aren't on the actual AmLaw 200 table.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7420998)



Reply

Date: January 25th, 2007 9:19 AM
Author: excitant rambunctious coffee pot
Subject: Dechert

Dechert: http://www.law.com/jsp/article.jsp?id=1169632957125

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482403)



Reply

Date: January 25th, 2007 9:21 AM
Author: abnormal trailer park legend

Bump to $160k in Philadelphia? Yeah right.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482408)



Reply

Date: January 25th, 2007 9:23 AM
Author: excitant rambunctious coffee pot

You don't get to $2m PPP by being generous!

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482411)



Reply

Date: January 25th, 2007 10:15 AM
Author: big keepsake machete abode

How did a shitty firm like Dechert end up being so profitable? They're Philly-based, for crying out loud!

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482580)



Reply

Date: January 25th, 2007 10:23 AM
Author: Sick Halford Wrinkle

seriously. dechert? wtf? they put MUNGER to shame

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482623)



Reply

Date: January 25th, 2007 10:40 AM
Author: excitant rambunctious coffee pot

Charlie Munger could single-handedly double MTO's PPP just by handing out a couple shares of Berkshire to each partner.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482725)



Reply

Date: January 25th, 2007 10:29 AM
Author: Exhilarant doobsian point

they got the most of the merck vioxx work and had a big piece of the phen-fen litigation

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482663)



Reply

Date: February 8th, 2007 11:57 AM
Author: Adventurous slap-happy theatre

i thought hughes hubbard was doing most of the vioxx work

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7566280)



Reply

Date: January 25th, 2007 10:09 AM
Author: bateful vermilion native immigrant

Thanks for the link -- but how were you able to get to the Legal Intelligencer's content? I thought it was password protected. Is there a way to access the Legal Intelligencer online without a password?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482559)



Reply

Date: January 25th, 2007 10:22 AM
Author: excitant rambunctious coffee pot

It was on law.com today -- I think every day there are one or two articles that you can access without a password, and if it's on law.com you're in luck (same thing with the Cali paper, the Recorder)

I also just search Westlaw from time to time.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482620)



Reply

Date: January 25th, 2007 10:16 AM
Author: Brindle fiercely-loyal set

Anyone have a link to the PPP stats for the Magic Circle?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482586)



Reply

Date: January 25th, 2007 10:24 AM
Author: excitant rambunctious coffee pot

I thought it hadn't been reported yet, but I did a quick search and might have something. Give me a sec.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482631)



Reply

Date: January 25th, 2007 10:26 AM
Author: excitant rambunctious coffee pot

Nevermind. There was some mention of Linklater's PPP for 2006 but that was only up to May 2006, so that info was in last year's chart already.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482648)



Reply

Date: January 25th, 2007 10:34 AM
Author: Brindle fiercely-loyal set

Thanks anyway.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482694)



Reply

Date: January 25th, 2007 10:39 AM
Author: excitant rambunctious coffee pot

Actually I just realized last year's chart didn't have the numbers for the Magic Circle firms since they are in the "Global 100" list and not the "AmLaw 100" list. Here's an article with the Magic Circle PPP: http://www.thelawyer.com/cgi-bin/item.cgi?id=120843&d=11&h=24&f=46 (scroll to the bottom)

Numbers are in pounds. If you want to see how they stack up in dollars, check Westlaw for the Global 100 issue -- I can't search for it right now.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482720)



Reply

Date: January 25th, 2007 10:47 AM
Author: Brindle fiercely-loyal set

ty, ty.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7482755)



Reply

Date: February 3rd, 2007 12:12 AM
Author: excitant rambunctious coffee pot

Cadwalader: http://www.law.com/jsp/nylj/PubArticleNY.jsp?hubtype=TopStories&id=1170410593356

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7535183)



Reply

Date: February 5th, 2007 6:42 PM
Author: zippy blood rage institution

Susman Godfrey - 3.9mil

http://www.accessmylibrary.com/coms2/summary_0286-14975961_ITM

Down a little bit from 05, but the article doesn't say how much exactly. Net profits were down about 10%

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7549764)



Reply

Date: February 5th, 2007 10:46 PM
Author: excitant rambunctious coffee pot

Oh nice, I always wondered what their PPPs were like. But that number is for 2005, not 2006.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7551368)



Reply

Date: February 6th, 2007 12:55 AM
Author: zippy blood rage institution

Oh shit, you're right. My bad, sorry.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7552295)



Reply

Date: February 7th, 2007 10:04 AM
Author: excitant rambunctious coffee pot

Paul Weiss, Sidley: http://www.legalweek.com/Articles/1005951/Paul+Weiss+bucks+US+trend+with+modest+results.html

Buchanan Ingersoll: http://www.law.com/jsp/article.jsp?id=1170756166762

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7559729)



Reply

Date: February 7th, 2007 10:08 AM
Author: excitant rambunctious coffee pot

If anybody can find the Baker numbers referenced in the first link, let me know.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7559738)



Reply

Date: February 8th, 2007 11:48 AM
Author: excitant rambunctious coffee pot

Gibson: http://www.legalweek.com/Articles/1006164/West+Coast+trio+unveil+mixed+results+for+2006.html

Wilkie, LeBoeuf, Howrey: http://www.legalweek.com/Articles/1006003/US+firms+post+robust+results+as+MA+powers+market.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7566227)



Reply

Date: February 9th, 2007 10:27 AM
Author: Duck-like Hominid

Munger $1.22 Million (+12%)

Bingham McCutchen $1.22 Million (+0%)

Loeb&Loeb $1.175 Million (+27%)

Manatt $1.1 Million (+6%)

Sheppard Mullin $1.025 Million (+4%)

Sedgwick $705,000 (+11%)

Allen Matkins $740,000 (+10%)



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572101)



Reply

Date: February 9th, 2007 11:14 AM
Author: excitant rambunctious coffee pot

Source?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572300)



Reply

Date: February 9th, 2007 11:17 AM
Author: Duck-like Hominid

You don't trust me?

http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572312)



Reply

Date: February 9th, 2007 11:20 AM
Author: excitant rambunctious coffee pot

I do, just wanted the link. Thanks, I don't know how I missed this page before.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572327)



Reply

Date: February 9th, 2007 11:22 AM
Author: Offensive tank

Will Cadwalader beat Cravath in PPP? Consequences?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572335)



Reply

Date: February 9th, 2007 12:01 PM
Author: mind-boggling aquamarine hairy legs

We already have them beat by the fact that we are too good for yale.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7572477)



Reply

Date: February 12th, 2007 1:36 AM
Author: excitant rambunctious coffee pot

Latham and OMM: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

The numbers for PPP including nonequity partners is my estimate based on PPP * # of equity partners / (# of equity partners + # of non-equity partners). All that info is on the link above.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7587937)



Reply

Date: February 21st, 2007 1:00 AM
Author: opaque step-uncle's house alpha
Subject: PPP including nonequity

The numerator in the formula needs to be:

(PPP* # of equity partners) + (total comp to non-equity partners)

Otherwise you are ignoring comp paid to non-equity partners, and artificially deflating the number.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7640474)



Reply

Date: February 21st, 2007 1:03 AM
Author: excitant rambunctious coffee pot

Hm, this makes sense to me. However, I wonder if AmLaw calculates it that way. I would have to pull out numbers from last year and check.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7640501)



Reply

Date: February 21st, 2007 7:53 PM
Author: excitant rambunctious coffee pot

On further consideration I decided to delete my estimates for PPP including nonequity partners. I still suspect AmLaw calculates it the way I had it -- it is *profit* per partner, after all -- but I agree that it seems to misinterpret the point of PPP as an indicator of partner comp.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645431)



Reply

Date: February 21st, 2007 9:06 PM
Author: opaque step-uncle's house alpha
Subject: Second Class Citizens

" it is *profit* per partner, after all -- but I agree that it seems to misinterpret the point of PPP as an indicator of partner comp."

It is so easy to forget -- NEP compensation is not salary; it is paid & taxed (to the NEP), and accounted for (by the firm) as allocation/distribution of partner profits.

The measure we usually call PPP is really PEP, which is: money left over after spending on everything but EP comp, divided by # of EPs.

PPP including NEPs (if we used "PPP" literally, it should include NEPs anyway, but we never use the term that way), would draw the circle around all the partners, including the sham . . sorry, non-equity partners. It would be: money left over after spending on everything but all partner comp, divided by all partners.

I bet AmLaw does it correctly. I know The Lawyer.com does it right for UK firms.



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645897)



Reply

Date: February 21st, 2007 9:30 PM
Author: excitant rambunctious coffee pot

The reason that I'm not sure AmLaw does it properly is because they are dependent on the firms to give them the info. Now there's a couple reasons why firms wouldn't give the info. First of all they have no real requirement to do so. But more importantly, AmLaw's definition of NEP is their own definition. They define it as any partner who gets 50% of their comp in salary instead of profits or something like that. Not every firm defines nonequity partner that way. So AmLaw would probably get a big mish-mash of results if you tried asking for that info.

However, AmLaw does know 1) total profits and 2) total equity partners and 3) total non-equity partners that match their definition so that's why I think they might take the easy way out.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7646033)



Reply

Date: February 21st, 2007 9:12 PM
Author: opaque step-uncle's house alpha
Subject: NEP Comp

This actually raises an interesting point about information in the market.

Associate salaries and bonuses are generally widely broadcast, precise to the last $. Profits per Equity Partner is published annually by a major trade publication(though some gaming of the accounting does go on).

But NEP comp is an information black hole. The two-tier structure is getting more common, and I bet NEP will be a more likely place than EP for people to end up, but there is no information -- barely even rumors -- on NEP comp.

Why is that?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645927)



Reply

Date: February 21st, 2007 9:31 PM
Author: excitant rambunctious coffee pot

Couple of posts here and there about Kirkland's NEP comp. I'll have to look for it again, I think it's on my blog somewhere.

You could also make the point that there aren't very many detailed explanations of equity partner compensation either. The most detailed one I have is Latham's which was posted on Greedy Junior Partners a while ago.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7646046)



Reply

Date: February 22nd, 2007 9:29 AM
Author: excitant rambunctious coffee pot

Here is KirklandTroll's estimate of non-equity partner comp at Kirkland: KirklandTroll - Non-Equity pay?

Here is the Latham partner compensation post that I was referring to: How much do partners make?



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7648385)



Reply

Date: February 12th, 2007 1:41 AM
Author: excitant rambunctious coffee pot

Added in estimates of PPP including nonequity partners for WSGR, MoFo, Heller, and Orrick (see also the Recorder article above).

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7587971)



Reply

Date: February 12th, 2007 10:42 PM
Author: excitant rambunctious coffee pot

McDermott: http://www.legalweek.com/Articles/1007236/PEP+up+10+as+McDermott+posts+2006+results.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7592978)



Reply

Date: February 13th, 2007 10:11 AM
Author: excitant rambunctious coffee pot
Subject: Recorder article on LA firms

The Recorder

Vol. 131st Year 29

MONDAY, february 12, 2007, No. 29

Copyright 2007 by American Lawyer Media, ALM, LLC

February 12, 2007

PALM TREES & PROFITS: L.A. FIRMS REPORT STRONG REVENUE GAINS, SO-SO RPL GROWTH

NEWS

By Kellie Schmitt

The Recorder

LOS ANGELES -- A boost in M&A deals and intellectual property work propelled revenue and profits ever higher at major L.A.-based law firms in 2006. But most firms saw more measured growth in revenue per lawyer.

Even at the biggest firm in the state -- Latham & Watkins, where revenue was up 15 percent and profits up 16 percent -- the firm's revenue per lawyer advanced just 5 percent.

Firms cited a variety of reasons why growth in RPL may be slowing, not least of which is that it's been soaring for several years running.

'There's nothing wrong with single digits,' said Newport Beach-based consultant Peter Zeughauser. 'We've just gotten spoiled.' That may sound good to O'Melveny & Myers, because single digits was all it could muster: Profits per partner and revenue per lawyer increased by just one percent.

Chairman Arthur Culvahouse attributed those middling results to a 'lumpy year' for the transactional practice.

'We were better at realization and our rates were higher, but we didn't have the hours,' he said. 'It wasn't until the last couple months that all of our 13 offices seemed busy at the same time.'

Gibson, Dunn & Crutcher was somewhere in the middle, with RPL and headcount each up four percent, boosting revenue 8 percent.

Zeughauser said firms have been adding capacity, which brings down RPL in the short term but is still a positive. 'It shows they feel the work will be there, and they're staffing up for it,' he said.

Despite a slow year for bankruptcy, Sheppard, Mullin, Richter & Hampton's corporate and IP practices drove revenue up 14 percent, Managing Partner Guy Halgren said.

Sheppard, Mullin's RPL was also up just 1 percent. Halgren said billing rates leveled off, and the firm spent more on new offices and technology upgrades.

'To some extent, this was a year of investment,' Halgren said.

Munger, Tolles & Olson, which boosted headcount 14 percent, also reported flat RPL figures, though they, like Gibson, are above $1 million. To put that in perspective, it means the average lawyer at those firms would have billed at least 2,000 hours at $500 an hour.

Two firms kept a lid on hiring, and as a result netted larger gains in RPL. Manatt, Phelps & Phillips added just one lawyer, boosting RPL 8 percent. Likewise, headcount at Allan Matkins Leck Gamble Mallory & Natsis was up 3 percent, allowing the firm to boost RPL 8 percent.

But Loeb & Loeb was able to blow through almost all the metrics. The firm posted a 23 percent increase in revenue, and a 27 percent increase in profits on double-digit headcount growth. RPL was up 6 percent.

'We had a significant increase last year as well -- it's a two-year trend rather than something aberrational,' said Loeb Co-Chairman John Frankenheimer. He attributed the growth to Loeb's long-term plan to be mid-sized and focused.

Growth isn't an aberration for Latham, either. The firm, which has 625 lawyers in California alone, saw revenue top $1.5 billion.

'The remarkable thing is that there was no particular area that spiked -- it was an across the board performance,' said Latham & Watkins Chairman Robert Dell said, adding that the firm's offices in Asia and Europe saw higher growth than in previous years. 'We grew the revenue base quite significantly without a merger, and only added 3 percent to the equity partnership.'

The Big Numbers

O'Melveny and Gibson, Dunn came in a distant second and third in overall revenue, at $869 million and $809 million respectively.

Gibson Managing Partner Kenneth Doran pointed to 'extraordinarily strong' litigation and arbitration in Europe as well as the firm's appellate group, which 'was definitely one of the strongest in the country last year,' he said.

O'Melveny's Culvahouse, meanwhile, blamed the firm's flat profits in part on a slow transactional year -- private equity clients were gathering money, he said, not making deals. Jeffrey Skilling, the former Enron executive, didn't help either.

'Our commitment to the Skilling team exceeded the financial return,' Culvahouse said. 'Jeff Skilling asked us to represent him and we continued to put our best team on the field, notwithstanding the fact that circumstances made it very difficult for him to pay us full value.'

Munger, Tolles' gross revenue climbed 14 percent, and PPP was up 11 percent. Along with busy corporate and litigation practices, Co-Managing Partner Bart Williams pointed to 'a tremendous year' in the intellectual property arena.

Manatt's 8 percent increase in revenue was primarily a result of strong performance in litigation, particularly intellectual property, as well as robust M&A and capital markets, said Managing Partner William Quicksilver.

Luce, Forward, Hamilton & Scripp's 11 percent revenue gain was the result of strong real estate and insurance litigation tempered by a slower bankruptcy practice in San Diego, said Robert Bell, the managing partner. They were able to raise billing rates about five percent last year: 'We're a real bargain so we have a lot of room -- [rates] haven't been a problem for our clients,' Bell said.

Quinn Emanuel Urquhart Oliver & Hedges reported last month that revenue soared more than 50 percent.

Paul, Hastings, Janofsky & Walker's fiscal year ended Jan. 31 and financial results still aren't available. But Chairman Seth Zachary said the firm is 'very bullish' about its financials, adding 'our revenue per lawyer will be way up this year,' as well as gross revenue and profits per partner.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7595016)



Reply

Date: February 15th, 2007 12:52 AM
Author: excitant rambunctious coffee pot

Cleary: http://www.legalweek.com/Articles/1007829/Cleary+breaks+2m+PEP+but+posts+modest+turnover+rise.html

Weil: http://www.legalweek.com/Navigation/20/Articles/1007995/Germany+leads+way+as+Weil+unveils+'06+results.html

White & Case: http://www.thelawyer.com/cgi-bin/item.cgi?id=124178&d=122&h=24&f=46 and http://www.thelawyer.com/cgi-bin/item.cgi?id=124194&d=122&h=24&f=46

Dewey: http://www.thelawyer.com/cgi-bin/item.cgi?id=124205&d=122&h=24&f=46

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7606928)



Reply

Date: February 15th, 2007 10:25 AM
Author: excitant rambunctious coffee pot

Paul Hastings: http://www.thelawyer.com/cgi-bin/item.cgi?id=124285&d=122&h=24&f=46

Pretty impressive year. Apparently the foreign offices are really starting to pay off.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7607945)



Reply

Date: February 15th, 2007 11:34 AM
Author: Duck-like Hominid

"Chairman Seth Zachary said the [London] office was the firm’s “busiest” during 2006, with the office’s 40 lawyers recording an average of 1,900 billable hours - 5 per cent higher than the firm’s global average."

That's downright liveable.



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608188)



Reply

Date: February 15th, 2007 11:36 AM
Author: excitant rambunctious coffee pot

Actually I'm starting to wonder if the global firms are getting a lot of their growth through the declining dollar.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7608197)



Reply

Date: February 16th, 2007 4:07 PM
Author: magical sanctuary mad-dog skullcap

*ching* give the man a big wheel of dutch cheese

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615651)



Reply

Date: February 15th, 2007 10:28 AM
Author: excitant rambunctious coffee pot

Irell and Knobbe Martens: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

Note that the number of partners at Irell went down by 4%, so this would inflate PPP a bit.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7607955)



Reply

Date: February 16th, 2007 3:46 PM
Author: excitant rambunctious coffee pot

Morgan Lewis and Jeffer Mangels: http://www.law.com/jsp/ca/PubArticleCA.jsp?id=1168336939176

I don't know much about Jeffer, but apparently even with a 14% decline in PPP, they're still making more money than Munger.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615509)



Reply

Date: February 16th, 2007 4:04 PM
Author: Avocado Church Building

http://www.averyindex.com/2007_schiltz.php

I think these are this year's numbers. It lists PPP as 120-180.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615633)



Reply

Date: February 16th, 2007 4:29 PM
Author: excitant rambunctious coffee pot

They are 2005 at best, given that most of these firms haven't announced 2006 numbers yet.

EDIT: Actually yeah, they match the rankings for the 2005 numbers, so that is most likely what he used.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7615792)



Reply

Date: February 17th, 2007 11:52 AM
Author: excitant rambunctious coffee pot

Sherman: There is some confusion over the numbers, as noted here: http://www.thelawyer.com/cgi-bin/item.cgi?id=124293&d=122&h=24&f=46

However, I've used that number instead of the alternative here: http://www.legalweek.com/Articles/1008726/Profits+surge+at+Shearman+but+fee+income+static.html

The second article notes that Shearman's PPP increase is at least partly due to a reduction in the number of equity partners.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7619044)



Reply

Date: February 17th, 2007 11:54 AM
Author: excitant rambunctious coffee pot

King & Spaulding: http://www.marketwire.com/mw/release_html_b1?release_id=216554

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7619049)



Reply

Date: February 19th, 2007 12:28 PM
Author: excitant rambunctious coffee pot

Akin Gump: http://www.thelawyer.com/cgi-bin/item.cgi?id=124326&d=122&h=24&f=46

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7629821)



Reply

Date: February 21st, 2007 7:48 PM
Author: excitant rambunctious coffee pot

Pepper Hamilton: http://www.law.com/jsp/article.jsp?id=1171965783064

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645397)



Reply

Date: February 21st, 2007 7:50 PM
Author: excitant rambunctious coffee pot

Debevoise: http://www.thelawyer.com/cgi-bin/item.cgi?id=124394&d=122&h=24&f=46

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7645413)



Reply

Date: February 22nd, 2007 5:27 PM
Author: cerebral disrespectful athletic conference stage

Hmm, I should probably stick this on LFD in chart format.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7651049)



Reply

Date: February 26th, 2007 10:51 AM
Author: excitant rambunctious coffee pot

Duane Morris: http://www.law.com/jsp/article.jsp?id=1172138585862&pos=ataglance

Finnegan: http://www.law.com/jsp/article.jsp?id=1171360974409

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671236)



Reply

Date: February 26th, 2007 11:20 AM
Author: Harsh Carnelian Property

"People are concerned that they might not make partner for 10 years," says a current Finnegan associate. "It was explained that there's not enough information at the eight-year mark and that the firm needs more time to evaluate an associate before making them partner. I'm sure that's part of it, but it's not the entire picture."

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671321)



Reply

Date: February 26th, 2007 11:58 AM
Author: silver sweet tailpipe address
Subject: Cahill PPP

http://www.law.com/jsp/tal/PubArticleTAL.jsp?hubtype=Inside&id=1172497084594

2.57m ppp in 2006

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671430)



Reply

Date: February 26th, 2007 12:02 PM
Author: excitant rambunctious coffee pot

Good catch, thanks.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671449)



Reply

Date: February 26th, 2007 12:05 PM
Author: silver sweet tailpipe address

thanks for compiling

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7671463)



Reply

Date: March 6th, 2007 10:27 AM
Author: excitant rambunctious coffee pot

Milbank, Kaye Scholer: http://www.legalweek.com/Articles/1013719/Milbank,+Kaye+Scholer+post+strong+'06+numbers.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7715883)



Reply

Date: March 6th, 2007 10:31 AM
Author: excitant rambunctious coffee pot

Greenberg Traurig: http://www.law.com/jsp/article.jsp?id=1173101898582

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7715896)



Reply

Date: March 22nd, 2007 7:52 AM
Author: excitant rambunctious coffee pot

Wachtell, Cravath, Sullivan, Skadden, Fried Frank - http://www.legalweek.com/Articles/1017935/MA+boom+drives+Wall+St+elite+to+3m+partner+profits.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7795599)



Reply

Date: April 15th, 2007 1:37 PM
Author: Titillating topaz roast beef

Re Wachtell, please explain to me how $3.79M (2005) --> $3.9M (2006) is a 10% increase?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935470)



Reply

Date: April 15th, 2007 2:01 PM
Author: excitant rambunctious coffee pot

Yeah, we never got a good answer to the question: 2006 PPP: Wachtell @ 4M, Cravath @ 3M, S&C @ 2.8M, ...

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935605)



Reply

Date: April 15th, 2007 2:12 PM
Author: Titillating topaz roast beef

My guess is legalweek just fucked up. It would be interesting to know the truth, b/c if WLRK's profits remained flat while other firms' profits increased substantially, that could mean that (a) Wachtell is losing market share, or (b) there is some sort of ceiling of profitability beyond which it's hard to push (~$4M), or (c) both.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7935685)



Reply

Date: April 19th, 2007 12:14 AM
Author: excitant rambunctious coffee pot

Legal Week has published their Top 50 list: http://www.legalweek.com/Articles/1022330/International+ambition+drives+as+US+top+50+rakes+in+40bn+in.html

Chart (PDF): http://www.legalweek.com/assets/getAsset.aspx?uiAssetID=10093ca4-0b73-482f-a7ce-9a5365184743

I've added Kirkland, Simpson, and DPW to the OP. Also took out the Wachtell +10% thing since it hasn't been sufficiently resolved (the Legal Week Top 50 chart now claims Wachtell's previous PPP was $3.55m instead of $3.8m).

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960653)



Reply

Date: April 19th, 2007 12:57 AM
Author: crimson state telephone

man PPP's = peasant $

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960901)



Reply

Date: April 19th, 2007 1:01 AM
Author: excitant rambunctious coffee pot

http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-million-blackstones-ppp.html

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7960935)



Reply

Date: April 19th, 2007 1:15 AM
Author: crimson state telephone

banking > law. Sadly I just realized this now as a 2L, so it's off to finance after I finish my JD, you risk averse fags can work sweatshop hours for 1/10 the pay

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7961045)



Reply

Date: April 19th, 2007 9:19 AM
Author: excitant rambunctious coffee pot



(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#7962093)



Reply

Date: May 7th, 2007 9:46 AM
Author: excitant rambunctious coffee pot

Not updating this list anymore. I added the Westlaw cite to the OP for the AmLaw 100 list; I'll replace it with the AmLaw 200 list when that is available.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8076760)



Reply

Date: June 5th, 2007 10:17 PM
Author: excitant rambunctious coffee pot

Updated OP with the Westlaw cite for the AmLaw 200 list.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218323)



Reply

Date: June 5th, 2007 10:41 PM
Author: dull messiness rehab

your cite doesn't work

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218525)



Reply

Date: June 5th, 2007 11:25 PM
Author: excitant rambunctious coffee pot

Hm, I just tried it and it worked for me.

You can just search the AMLAW database for "full profits picture" and it should come up.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8218767)



Reply

Date: June 11th, 2007 1:19 AM
Author: excitant rambunctious coffee pot

Just searched again and they changed the cite, so this one should work now. Updated the OP with the new one.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241435)



Reply

Date: June 11th, 2007 1:44 AM
Author: diverse white locus becky

this makes me really sad. The most you can possibly hope for is a measly $4 million a year if everything goes your way? My parents make 7 figures working <30 hours week. This is truly just pathetic.

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241488)



Reply

Date: June 11th, 2007 2:10 AM
Author: Embarrassed To The Bone Odious Trust Fund Church

what type of business?

(https://autoadmit.com/thread.php?thread_id=563047&forum_id=2#8241558)