Magic Circle law firm Clifford Chance saw average profits per equity partner drop 37% to £733,000 ($1.2 million) in the last fiscal year. Revenue fell 5% to £1.26 billion, which…
Baltimore’s Venable is cutting salaries across the board, affecting all lawyers and staff, including partners. Base compensation for our first year associates is being cut from $160,000, formerly the Biglaw…
Eversheds has seen a 27% drop in profit per equity partner, to £404,000 ($548,000) in fiscal 2008. The firm’s profit per equity partner was £552,000 ($885,000) in 2007. Revenue fell…
Richmond, Virginia’s Hunton & Williams posted $668 million in gross revenue in the fiscal year that ended March 31st, a 2.2% increase from the previous year. Net revenue was $229…
Buchanan Ingersoll & Rooney saw its 2008 gross revenue fall by 3.3%, from $282.1 million in 2007. The Pittsburgh, Pennsylvania-based firm increased its revenue per lawyer by 2% from $554,000.…
Shearman & Sterling reports a 4.9% drop in revenues to $876 million for 2008, and a 9.6% fall in profits per equity partner, to $1.665 million. Revenue per lawyer remained…
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