JD Journal

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.

Related posts:

1. Dinsmore & Shohl Sees 2008 Revenue Rise; Recruits in Midwest
2. Reed Smith’s Revenue up 10% in 2008
3. Kirkland & Ellis Revenue Up, Profits Flat
4. Dorsey & Whitney Report Decline in Revenue and Profits
5. Bingham Sees Increased Profits, Revenue — Credits Downsizing
6. Dorsey & Whitney Cuts 55 Staffers Firmwide [Update]