Wilmer Cutler Pickering Hale & Dorr reported slight growth in 2008, with revenue and profits per partner increases. The firm’s revenue of $955 million was up 1.2% from one year ago.
The firm, which elected 10 new partners in 2008, reported a small hike in its profits per partner total, reporting $1.08 million, up 1.44% from last year. Revenue per lawyer at the firm was also up this year, with a 5.8% increase to $1,027,000.
Wilmer has a single-tier partnership structure, meaning each lawyer that is elected to partnership becomes a firm owner and pays a capital contribution. This year’s new partnership class is down from the 23 newly elected partners firmwide from a year ago. In Washington, DC, the firm elected four to partnership this year after electing nine a year ago.
While other firms in DC, such as Latham & Watkins, have announced they will be freezing associate pay in 2009, Wilmer says it will move forward with salary increases this year.
Posted by Erik Even
on January 22, 2009. Filed under Home,Law Firm News,Legal News.
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