Anonymous User wrote:
Anonymous User wrote:Info from AmLaw in 2010:
Lewis and Roca
Equity partners: 90
Gross revenue: $92,500,000 (same as 2009)
Revenue per lawyer: $490,000 (up 5.4% from 2009)
Profits per partner: $450,000 (up 9.8%)
Snell & Wilmer
Equity partners: 77
Gross revenue: $243,000,000 (up .8%)
Revenue per lawyer: $595,000 (up 1.7%)
Profits per partner: $800,000 (up 1.3%)
S&W weathered the storm better in 2008-2009 so it is perhaps natural that L&R had a bigger recovery year in 2009-2010.
S&W has high leverage but is probably the most profitable firm in discussion. Worth noting that the Phoenix office is not as highly leveraged as S&W's satellites.
Both S&W and L&R consistently fare very well nationally when it comes to summer associate and mid-level associate satisfaction. S&W, for example, was in the top 25 firms out of the AmLaw 200 in the most recent mid-level associate survey.
1. Is "profit per partner" a kind of approximation for partner "salary?"
2. Is this data available for other PHX firms (Osborn, Fennemore, Quarles, etc?)
1. Yes. The amount of total profit divided by the number of equity partners is the best approximation of what those equity partners at the firm are making. I would guess that most equity partners actually make slightly less than PPP but the really big rainmakers might make double or triple PPP, or even more - depends on the firm.
2. The data is not available for any other Phoenix-based firms because no other Phoenix-based firm is in the AmLaw 200.
Here is the data from firms that have significant Phoenix offices (keep in mind that these offices tend to have higher leverage than the firms' respective HQs):Ballard Spahr
Equity partners: 221
Gross revenue: $273,500,000 (up 0.9%)
Revenue per lawyer: $615,000 (up 10.8%)
Profits per partner: $525,000 (up 22.1%)Bryan Cave
Equity partners: 203
Gross revenue: $539,500,000 (down 2.8%)
Revenue per lawyer: $595,000 (up 8.2%)
Profits per partner: $705,000 (up 14.6%)Perkins Coie
Equity partners: 144
Gross revenue: $477,000,000 (up 10.2%)
Revenue per lawyer: $690,000 (up 7.8%)
Profits per partner: $900,000 (up 11.1%)Polsinelli Shughart
Equity partners: 90
Gross revenue: $219,500,000 (up 31%)
Revenue per lawyer: $470,000 (up 16%)
Profits per partner: $630,000 (up 27.3%)Quarles & Brady
Equity partners: 171
Gross revenue: $207,500,000 (down 3.7%)
Revenue per lawyer: $505,000 (same)
Profits per partner: $395,000 (down 2.5%)Squire Sanders
Equity partners: 149
Gross revenue: $518,000,000 (down 5%)
Revenue per lawyer: $660,000 (up 1.5%)
Profits per partner: $765,000 (down 3.8%)Steptoe & Johnson
Equity partners: 145
Gross revenue: $345,000,000 (up 1.9%)
Revenue per lawyer: $845,000 (up 19%)
Profits per partner: $910,000 (up 9.6%)