Good morning everyone! Today is Tuesday, March 2, and here’s a quick look back at yesterday’s news… Revenue and profits are down, while PPP is up at Dickstein Shapiro… Steptoe & Johnson open a new office in Beijing… According to Am Law Daily’s “Diversity Scorecard” diversity at major law firms declined in 2009… The NALP settles on a heavily [...]
Continue reading...Friday, February 26, 2010
DLA Piper reports that gross revenue declined by almost 14% in 2009 to just over a billion dollars. Revenue per lawyer and profits per partner decreased only 5%, due to reductions in the firm’s head count. The headcount fell by 89 associates (11.6%), 24 equity partners (10.1%), and 16 non-equity partners (4.3%), for a total [...]
Continue reading...Friday, February 26, 2010
Good morning everyone! Today is Friday, February 26, and here’s a quick look back at yesterday’s news… A judge ordered the shutdown of debt settlement firm Allegro Law LLC… Motley Rice LLC and Burke PLLC have joined forces to pursue claims for clients in the Kellogg, Brown, and Root, Inc., Burn Pit multidistrict litigation… Jeff Roberts joins Gibson, [...]
Continue reading...Tuesday, February 23, 2010
Patton Boggs reported a decrease in gross revenues in 2009. In 2008 the firm’s gross revenue was $348.5 million, declining to $332 million last year. Profits per equity partner increased 3.7% to $840,000. Equity partner head count decreased by 3 lawyers to 116, while the number of lawyers increased 2.7% to 532. Managing partner Stuart [...]
Continue reading...Friday, February 19, 2010
Paul, Hastings, Janofsky & Walker reported that revenues fell to $889 million in 2009, a decrease of 9.8%. Profits per partner also decreased 1.4% from $1.9 million in 2008 to $1.87 million. Head count decreased by 13.7% last year and revenue per lawyer increased by 4.4%, from $930,000 in 2008 to $969,500 in 2009. Paul [...]
Continue reading...Wednesday, February 17, 2010
2009 was a steady fiscal year for law firm Greenberg Traurig. Gross revenues decreased 2.9% to $1.17 billion. Profits per equity partner increased 0.15 of a percent to $1.311 million. The compensation pool for non-equity partners increased 3.94% to $222 million. The number of non-equity partners working at the firm increased more than 10% to [...]
Continue reading...Thursday, February 11, 2010
Good morning everyone! Today is Thursday, February 11, and here’s a look back at yesterday’s stories… The American Bar Association will reduce the cost of annual dues for solo and public interest lawyers… GM’s Rod Gillum has joined Jackson Lewis… Law firm Ruden McClosky is not dissolving despite several departures… Revenues are up and profits per partner are down [...]
Continue reading...Wednesday, February 10, 2010
Buchanan, Ingersoll & Rooney reported a 3% drop in revenues and overall profits in 2009. The number of partners declined to 101 from 109. The number of lawyers employed by the firm decreased 10% to 439 from 487. Profits per equity partner and revenue per lawyer both increased by 5%. CEO and chair John Barbour [...]
Continue reading...Wednesday, February 10, 2010
Perkins Coie reported that its profits increased to $433 million or 2.06%, in 2009, but profits per equity partner decreased a quarter of a percentage to $802,111. Revenue per lawyer also declined to $646,295 or 1.28%. Real estate and transactional business declined but managing partner Robert Giles believes the firm had a “flat year” offset [...]
Continue reading...Wednesday, February 3, 2010
Dorsey & Whitney reported that revenue dropped 6.85% to $341,917,000 and profits per partner dropped 7.1% to $613,984 in 2009. The firm increased its non equity partners by 17% to 75. These additions caused a 16% increase in compensation for non equity partners to $25,459,300. Revenue per lawyer dropped 8.7% to $573,686. Dorsey hired five bankruptcy [...]
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Tuesday, March 2, 2010
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