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Revenue Drops at Paul Hastings
Paul, Hastings, Janofsky & Walker reported that revenues fell to $889 million in 2009, a decrease of 9.8%. Profits per partner also decreased 1.4% from $1.9 million in 2008 to $1.87 million. Head count decreased by 13.7% last year and revenue per lawyer increased by 4.4%, from $930,000 in 2008 to $969,500 in 2009. Paul Hastings real estate practice was down almost 30% in 2009, with its New York Office suffering the largest decline. Litigation revenue for the firm increased in 2009.
Paul, Hastings, Janofsky & Walker has more than 1,100 attorneys in 18 offices including Atlanta, Los Angeles, Hong Kong, New York, San Francisco, Tokyo and Shanghai. The firm was founded in 1951.