Philia Adakem

2024 Kinney Recruiting Annual Report Prepared by Philia Ugbada Presented by Philia Ugbada Table Of Content Executive Summary Company Overview Meet Team The Key Achievements in 2024 Market Trends Financial Performance Monthly Profit Breakdown for 2024 Strategic Challenges Contact Us Goals and Risks for 2025 Conclusion Kinney Recruiting Executive Summary Kinney legal Recruiting, a renowned recruitmen t firm 2023, headquartered in New York, had successful demonstrating continued growth across key business areas. a The firm’s revenue increased by 18% year-over-year, largely driven by the expansion into new geographic markets and a higher demand for legal professionals in corporate and litigation practices. Additionally, strategic partnerships and enhanced digital platforms contributed to a higher rate of successful placements and client satisfaction. 1 Kinney Recruiting Company Overview Kinney Recruiting specializes in placing attorneys, legal staff, and corporate legal professionals in law firms and corporate legal departments. With over 20 years of experience, the firm has built a strong reputation for its expertise in recruiting highly qualified legal professionals. The company operates in major U.S. legal markets such as New York, Chicago, Los Angeles, and Houston, with global reach extending to key legal hubs in Europe and Asia. 2 Kinney Recruiting Meet Our Team ROBERT KINNEY PRESIDENT CINDY SUMMERFIELD LEGAL RECRUITER JESSICA CHIN SOMERS MANAGING DIRECTOR 3 Kinney Recruiting Key Achievements in 2024 Revenue Growth: Kinney Recruiting’s revenue grew to $32.5 million in 2023, up from $27.5 million in 2022. This growth is attributed to the high demand for in-house counsel and senior legal staff in the healthcare, technology, and financial sectors. Client Expansion: The company expanded its client portfolio by securing 45 new corporate clients and 18 new law firm partnerships. Major clients include top AmLaw 100 firms and Fortune 500 companies. Digital Transformation: In response to growing industry competition, Kinney Recruiting invested in an advanced digital recruitment platform, allowing for seamless client interactions and enhanced candidate-matching algorithms. The new platform improved the time-to-hire ratio by 12%, leading to faster placements. Global Expansion: Kinney Recruiting opened new offices in London and Hong Kong to better serve its international clients. These offices facilitated 30% of the firm’s international placements and significantly improved its visibility in key global markets. 4 Kinney Recruiting Market Trends Increased Demand for In-House Counsel: Corporations in the healthcare and tech sectors have increasingly sought in-house legal counsel, contributing to a 25% rise in placements for these roles. Hybrid Work Models: The legal industry continues to shift towards hybrid work models, prompting law firms to hire attorneys who can manage remote teams efficiently. This trend accounted for a significant portion of lateral hires in corporate practice areas. M&A and Corporate Litigation: Legal professionals specializing in mergers and acquisitions, corporate litigation, and regulatory compliance were in high demand, representing 40% of the firm’s placements in 2023. 5 Kinney Recruiting Financial Performance Metric 2023 2024 % Change Total Revenue $27.5M $32.5M +18% Operating Expenses $20M $22M +10% Net Profit $7.5M $10.5M +40% 50 63 +26% 450 530 +18% New Clients Secured Placements (Full- Time) Kinney Recruiting achieved significant improvements in profitability, driven by higher revenue and improved operational efficiencies. The firm’s cost control measures and investment in technology allowed for a 40% increase in net profit year-over-year. 6 Kinney Recruiting Monthly Profit Breakdown for 2024 January 3.5% March 4.1% Apri l 4.3% Ma y 4% Total 49.5 % June 4.1 % July August 4.3 4.1% % September 4.4% October 4.3% December 5% The firm had a strong profit performance throughout the year, with a peak in revenue and net profit in December due to an increase in year-end hiring activities, especially in corporate litigation and M&A practices. 7 Kinney Recruiting Strategic Goals for 2025 Further Geographic Expansion: Kinney Recruiting plans to open additional offices in Singapore and Paris to enhance its global footprint and cater to emerging markets in Asia and Europe. Growth in In-House Legal Sector: Building on its success in 2023, the firm aims to increase placements for in-house legal positions by 20% in 2024, particularly in the healthcare and fintech industries. Technology Investments: The company will continue investing in AI-driven recruitment tools and data analytics to optimize its candidate search and match process. This will include expanding the use of machine learning algorithms to improve talent sourcing accuracy. Client Retention and Satisfaction: Kinney Recruiting will focus on increasing its repeat business rate by enhancing client communication and providing more tailored recruitment solutions, with a target of achieving a 90% client retention rate. 8 Kinney Recruiting Challenges and Risks Economic Downturn: While demand for legal remains high, atalent potential economic downturn in 2024 could reduce hiring budgets for corporate legal departments and law firms. Talent Shortages: Despite an increase in candidates, competition for top-tier legal professionals remains fierce, particularly in high-demand practice areas like M&A and corporate litigation. Regulatory Changes: New regulations in key markets such as the EU and the U.S. could impact demand for regulatory and compliance attorneys, requiring the firm to adjust its recruiting strategies accordingly. 9 Kinney Recruiting Conclusion Kinney Recruiting had an outstanding year in 2023, with significant growth in revenue, client base, and geographic presence. The firm is well-positioned to capitalize on the growing demand for legal professionals in the coming years. By continuing to invest in technology and expanding its global footprint, Kinney Recruiting will maintain its competitive edge and meet the evolving needs of both clients and candidates. 10 Kinney Recruiting Contact Us --. www.kinneyrecruiting.com We've placed thousands of attorneys in 18 countries (and most US states). Let's get to work. 11