Sources for Firm Financials?

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Anonymous User
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Sources for Firm Financials?

Postby Anonymous User » Sat Sep 25, 2010 4:01 pm

Is there a source somewhere for firm financials? NALP, maybe (I've tried to look, just can't find anything)? I can find snippets of newspaper articles, but I wonder where one might find data like budgets, PPP, revenue, whatever, etc... I think there are amlaw rankings for PPP, but I don't have the $ for a subscription.

I'd just like to see if there was a way to assess the financial strength of the firms where I'm considering offers.

TYIA

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PKSebben
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Re: Sources for Firm Financials?

Postby PKSebben » Sat Sep 25, 2010 4:02 pm

American Lawyer. And no need to be anonymous, dude.

MrAnon
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Re: Sources for Firm Financials?

Postby MrAnon » Sat Sep 25, 2010 4:07 pm

What on earth metric do you plan to use to gauge the financial soundness of your firms? No firm in its right mind is going to publish information that is going to give anything away. You could select the firm with most profits per partner but that could mean nothing in terms of whether the firm is around by next christmas or not.

270910
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Re: Sources for Firm Financials?

Postby 270910 » Sat Sep 25, 2010 4:14 pm

MrAnon wrote:What on earth metric do you plan to use to gauge the financial soundness of your firms? No firm in its right mind is going to publish information that is going to give anything away. You could select the firm with most profits per partner but that could mean nothing in terms of whether the firm is around by next christmas or not.


AmLaw hours survey + 3 years of summer hiring trends + offer rates + layoff/deferal news + PPP + PEP + RPL + head count + starting salary + net revenue + league table deal volume / value information (for transactional work) = pretty decent financial picture. Imperfect, but better than nothing by a long shot.

gradeon
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Re: Sources for Firm Financials?

Postby gradeon » Sat Sep 25, 2010 4:17 pm

PKSebben wrote:American Lawyer. And no need to be anonymous, dude.


Don't you have to pay for a subscription though?




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