Debevoise & Plimpton report that gross revenue dropped 12% at the firm and profits per equity partner dropped even further due to poor economic conditions in 2009. Revenue dropped to $667.9 million and profits per partner dropped 16% to $1.87 million. These drops came on the heels of a decline in corporate work and the completion of large matters in its litigation practice, specifically the internal investigation of Siemens AG.
Founded in 1931, New York City based Debevoise & Plimpton is an international law firm and a leader in corporate litigation and large financial transactions. The firm has approximately 680 lawyers and additional offices in Paris, Washington, D.C., London, Hong Kong, Moscow, Frankfurt and Shanghai.
Posted by sara
on February 26, 2010. Filed under Home,Law Firm News,Legal News.
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