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Home / MOney 20 2015 / MOney 20 2015: Methodology

MOney 20 2015: Methodology

The overall rankings on the MOney 20 list are based on gross revenue. Most firms volunteered MOney 20 information to Missouri Lawyers Weekly. Others cooperated conditionally or in part.

For information not readily provided, we consulted firm insiders and made estimates based on industry data and information from participating firms. We rounded all financial figures in the MOney 20 so as not to divulge which firms cooperated.

The MOney 20 calculations speak to firmwide financial performance, and we did take into account total attorneys, including those outside Missouri. The exceptions are Dentons; Ogletree, Deakins, Nash, Smoak & Stewart and Kutak Rock, which are not headquartered in Missouri but were included based on the strength of their revenue and headcount in the state, according to our reporting. Dentons and Ogletree Deakins officials said the firms do not track financials by separate offices or regions.

The survey requested average full-time equivalents. FTE numbers take into account how long an attorney has been at a law firm and how many hours he or she works. They were used to calculate average profits per partner and revenue per lawyer.

Revenue and profit numbers represent the firms’ fiscal year.  For most firms, fiscal year 2014 figures were used.

Our definitions and calculations

Revenue per lawyer is gross revenue divided by full-time equivalent lawyers for the fiscal year.

Profit is the total of compensation for equity partners plus the total of compensation for nonequity partners.

Profit per partner is calculated by subtracting total nonequity partner compensation from profit, then dividing by equity partners. For firms that have a minimal or no nonequity partner tier, net income was divided by partners.

Leverage is the ratio of all attorneys to equity partners.