Firm Financials: More Firms Report FY 2007 Results

According to the Legal Intelligencer, Philadelphia-based Blank Rome reported an 11% gain in revenues for fiscal year 2007, winding up the year with $315 million. Profits per equity partner (PPP) saw the most growth of all the firm's financial indicators, jumping by 14.7%, from $580,000 to $665,000 in 2007. A portion of that growth has to do with changes in Blank Rome's partnership tiers, the newspaper reported.

Another report from LI says that the Philadelphia office of DLA Piper “blew the doors off” of the budgets in terms of utilization, revenue and profits in 2007, bringing in $43.5 million of the firm's more than $2.14 billion in revenue and profits "well into the seven figures."  Prorofits per equity partner (PPP) are higher globally than in the U.S. he PPP increased by 8.5% from $1.18 million to $1.28 million globally. That number grew by 8.9% in the United States, from $1.12 million in 2006 to $1.22 million in 2007.