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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.Revenue Drops at Paul Hastings by sara