Despite the tough economic climate in 2009, Cravath, Swaine & Moore managed to increase its business, the AM Law Daily reports. Revenue at the firm rose to $569 million last year, a seven percent jump from 2008, and profits per partner came in at $2.7 million, an increase of eight percent.
The lone blemish in the report was the firm’s revenue per lawyer, which decreased 1.5 percent to $1.192 million.
Perhaps the most encouraging news for Cravath is it managed the increases without having to cut its workforce. The number of lawyers at the firm increased to 477, an eight percent jump, and the number of equity partners went from 90 to 92, reports AM Law Daily.
Cravath, Swaine & Moore is a general practice firm. Founded in 1819, the firm is headquartered in New York City.
Posted by joshua
on March 18, 2010. Filed under Home,Law Firm News.
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