Addleshaw Goddard, which cut 19 partners in February and 85 staff in March, saw a 30.8% plummet in partner profits in fiscal 2008; and turnover fell 11.4% to £173.3 million…
City of London law firm Herbert Smith saw profits fall 22% in 2008, plummeting below £1 million ($1.65 million). Partners will see earnings drop from £1.04 million to between as…
New York’s Fried Frank saw gross revenue fall more than 9% in 2008 to $488 million. Profits per equity partner fell double digits, 23% to $1.23 million. Revenue per lawyer…
Yesterday we reported that Latham & Watkins might lay off up to 150 people. Isn’t optimism great? This morning we learn Latham has cut 440 employees — 190 associates and…
London’s Hammonds LLP is set to cut about 10% of its partnership. The top 50 UK law firm is cutting up to 20 partners from its fixed share and equity…
Am Law 100 firm Proskauer Rose’s profits per equity partner dropped 10% in 2008 to $1.4 million. Revenues increased marginally, by 1%, to $634 million. Revenue per lawyer dipped slightly…
Philadelphia’s Dechert has become the latest Am Law 100 firm to announce a decline in revenues and profits for 2008. Profits per equity partner fell by 9% to $2.14 million.…
Los Angeles-based O’Melveny & Myers announced that profits per partner were down more than 7% to $1.5 million. Gross revenues for 2008 were $908 million, an almost 3% drop from…
New York City’s White & Case reports it profits per equity partner fell by 5% in 2008 to $1.6 million. The decrease came despite a 7% rise in revenues to…
Gross revenue at Charlotte, North Carolina Am Law 100 firm Moore & Van Allen edged up 1.5% to $164.5 million. But the addition of 25 new lawyers, including five equity…
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