2009 looks a lot like 2008 at Arent Fox where revenue fell slightly to $216.5 million from the previous year’s $222.5 million. Profits per partner came in at $800,000, the same as in 2008, and revenue per lawyer was $690,000, a slight drop from 2008. The firm finished the year with the same number of partners as it had in 2008, but kept per partner profits flat despite a slight dip in revenue by cutting 5% from its expense budget and prepaying some 2009 expenses in 2008.
The real estate practice took a hit in 2009 but the decline in real estate law was balanced out by a strong showing in litigation, particularly within the IP practice group.
Arent Fox has nearly 350 attorneys with offices in Los Angeles, Washington D.C. and New York.
Posted by joshua
on February 24, 2010. Filed under Home,Law Firm News.
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