• The one category with a percentage difference that wasn’t in the single digits was the number of equity partners. Citi counted 14.7 percent more equity partners than The American Lawyer did. Citi uses a broader definition of equity partner than we do, which explains at least some—I think the bulk—of the difference.
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DISTRIBUTION OF DIFFERENCES BY CATEGORY
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||||
|
w/in 5%
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(+/-) 5-10%
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(+/-)10-20%
|
>20%
|
|
|
Net income
|
56%
|
+15%, -6%
|
+3%, -6%
|
+3%, -10%
|
|
Profits per equity partner
|
44%
|
+15%, -3%
|
+16%
|
+22%
|
|
Number of equity partners
|
63%
|
-8%
|
+1, -8%
|
-20%
|
|
Revenue per Lawyer
|
72%
|
+8%
|
+15%
|
+5%
|
|
Value per Lawyer
|
63%
|
+16%, -1%
|
+14%
|
+6%
|
• The vast majority of our numbers are within 10 percent of Citi’s. According to the bank, for net income, 77 percent of the reports are within 10 percent of each other; for revenue per lawyer, 80 percent; for the number of equity partners, it’s 71 percent. The top-line numbers—gross revenue—vary so little that Citi didn’t bother to break down the variance.
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PERCENTAGE OF BOTH REPORTS WITHIN 10% BY CATEGORY
|
|
|
Net income
|
77%
|
|
Profits per equity partner
|
62%
|
|
Number of equity partners
|
71%
|
|
Revenue per Lawyer
|
80%
|
|
Value per Lawyer
|
80%
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