Revenue & Profits Down at Mayer Brown

Revenues decreased at Mayer Brown in 2009 by 14%, from $1.294 billion in 2008 to $1.118 billion last year. Profits decreased as the firm’s net income decreased by almost 19%. Profits per equity partner decreased 4% from $1.11 million to $1.06 million. Revenues per lawyer also decreased to $670,000 from $720,000 in 2008. The firm reduced its equity partner head count to 274 (down by 50). Nonequity partners increased from 330 to 355. Overall head counts were down by 144, as overall attorneys at the firm decreased from 1801 to 1657. In April 2009 the firm laid off 45 lawyers and 90 staff

Mayer Brown is an international law firm founded in Chicago in 1881. The firm has 22 offices in 10 countries including New York, Washington, D.C., Beijing, Berlin and London.

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Posted by sara on February 22, 2010. Filed under Home. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry