Profits per equity partner at US firm Mayer Brown broke the $1.5m barrier for the first time in 2015 as revenue rose 3% to $1.26bn.
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US financials: Shearman & Sterling recovery falters as Gibson Dunn’s star rises higher
The two-year rebound at New York-headquartered Shearman & Sterling came to an abrupt end last year as profits per equity partner (PEP) sunk back below what partners achieved in 2007, outpaced by West Coast rival Gibson, Dunn & Crutcher which put in another strong performance as it continues its run as one of the country’s fastest growing firms.
A record year: Paul Hastings posts 6% revenue rise as PEP reaches $2.5m
Paul Hastings has bucked the slowdown in the US legal market by posting record profits, with profits per partner crossing the $2.5m barrier.
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Revenue recovers at DLA Piper as it joins $2.5bn club while profits tumble amid cutbacks
Following a flat 2014, revenue at DLA Piper rose by 2.5% last year as the firm broke the $2.5bn barrier for the first time.
Revenues up 6% at Debevoise as London breaks $100m barrier
Debevoise & Plimpton ended a period of slow growth by posting a 6% rise in revenue to $756.9m as profits surged by 10%.
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US financials: White & Case in growth mode while revenues up 1%
US firm White & Case has reported flat revenues for 2015, ticking up 1%, while the firm improved partnership and fee earner headcounts.
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US financials: London launch sees firmwide Cooley revenues rise 14%
Cooley‘s financials for 2015 show revenue has risen 14% to $912m, while profit per equity partner increased by 9% to $1.9m, off the back of the firm’s London office launch in January last year.
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Akin Gump more than doubles City revenue in first full year since Bingham acquisition
Revenue at US firm Akin Gump Strauss Hauer & Feld rose by 7% to $930m in 2015, with London contributing $91m following the acquisition of Bingham McCutchen’s London office at the end of 2014. The City revenue figure is up more than two and half times what the firm posted the year prior.
US financials 2015: Paul Weiss, Dechert, Goodwin and K&S all post strong results
US firm revenue-season has begun with leading firm Paul, Weiss, Rifkind, Wharton & Garrison posting year-on-year growth. Revenues were up 7% in 2015 to $1.1bn from $1bn the previous year in what is the firm’s 16th year of record-breaking growth having broken the billion dollar barrier last year.
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More investment planned as DWF notes profit fall and borrowings rise in annual review
Profit at top-25 firm DWF fell 7% for the year ending 30 April 2015 from £50.4m to £46.7m, which the firm has attributed to a ‘focus on the integration of our people as well as consolidation following our mergers and acquisitions’.