Minneapolis-based Dorsey & Whitney saw flat revenues, with a small decrease in profits per partner for 2008.
Gross revenues were just over $367 million, and profits per partner were $661,000, a 1.6% decrease from the prior year.
The firm’s activity was even across practice areas with both litigation and corporate work accounting for significant chunks of revenue. Litigation accounted for approximately 35% of the firm’s revenue this year.
The firm also saw a fair amount of corporate advisory and transactional work, including a close to $1 billion bank financing for an Indian gaming project. Corporate work represented 22% of gross revenue.
Also, the 8th U.S. Circuit Court of Appeals threw out a decade old case that could have cost the firm up to $4 million in malpractice verdicts.
Posted by Erik Even
on February 2, 2009. Filed under Home,Law Firm News,Legal News.
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