JD Journal » fiscal year

Profits and Revenue Drop at Dechert

sara — Fri, 19 Feb 2010 16:08:21 +0000

Dechert, llp

Revenue and profits decreased at Dechert in the 2009 fiscal year. Gross revenue decreased 12.6% from $816 million in 2008 to $713 million in 2009. Profits per equity partner decreased 8.6% to $1.96 million. Total head count at the firm dropped from 891 to 786. Notably last year Dechert was co-counsel to the Haas family trusts and antitrust co-counsel to Rohm and Haas on its $15 billion merger with Dow Chemical.

Dechert is an international law firm with practices in corporate and securities, complex litigation, finance and real estate, and financial services and asset management. The firm was founded in 1875 and its headquarters are located in Philadelphia, Pennsylvania. The firm has 19 additional offices in the United States, Europe and Asia.

Profits and Revenues Up at Irell & Manella

sara — Tue, 16 Feb 2010 16:05:04 +0000

Irell & Manella reported that in the fiscal year 2009 overall revenue increased approximately 10% to $253 million. Profits per partner increased almost 27% t $2.49 million. Revenues per lawyer increased by 10% to $1.273 million. The partnership contracted in 2009 from 74 to 65.

The firm was busy in almost every practice area including complex commercial litigation, intellectual property, wage and hour, white-collar and securities litigation. Last year the firm represented Lifetime Television Network in its acquisition of A&E Television Networks. The firm is also representing TiVo Inc. in patent infringement lawsuits with AT&T Inc. and Microsoft Corp.

Irell & Manella was founded in 1941 and has 220 attorneys. The firm has offices in Century City and Newport Beach, California.

Hammonds Reports PPP Down

Erik Even — Fri, 10 Jul 2009 21:43:33 +0000

London’s Hammonds LLP saw profits per equity partner fall to £276,000 ($446,000) for the recently ended fiscal year.

The firm laid off 77 staffers and cut 20 partners in February.

Hammonds LLP is an international law firm with UK offices in London, Birmingham, Manchester, and Leeds. Overseas offices are situated in Brussels, Paris, Berlin, Munich, Madrid, Hong Kong and Beijing.