Cadwalader Profits Down, but Revenue Increases

Cadwalader, Wickersham & Taft has had a small increase in its total revenue although its profits went down a bit in 2011. According to the AmLaw report, the law firm increased its revenue to $448.5 million. This means that the revenue per attorney for the firm now stands at $965,000.

The BigLaw firm earned almost two-fifths of its revenue through litigation, while its transactional practices saw a steady increase in the first six months of 2011. But in spite of the increase in revenue, profits per partner went down from $2.39 million to $2.375 million.

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The firm saw growth in Asia through its Hong Kong office and its new office in Beijing. Although the firm has substantially increased its spending on training (by two-thirds) and recruiting, the firm has also suffered a loss of some of its high performing partners.

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Posted by EmploymentCrossing on February 1, 2012. Filed under Breaking News,Cadwalader,Law Firm News,Wickersham & Taft. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.