Revenue at the U.K.’s magic circle firms suffered a decline of 11 percent for the fiscal year ended April 30. Leading the way as the highest-grossing firm for the year was Clifford…
Nine of the 10 biggest U.S. firms with operations in London saw revenue decreases in 2009 with the lone holdout being Latham & Watkins. According to TheLawyer.com, revenue for the…
Revenue declined at Winston & Strawn in 2009 while profits remained flat. Gross revenue decreased by 5%, roughly $40 million. Profits per partner remained steady at $1.283 million and the…
As a firm, Dickstein Shapiro shared the country’s economic woes in 2009 with revenues dropping by 4.78% and profits dipping 5.17%, but the partnership still managed to do ok. Per…
O’Melveny & Myers has reported a second year of revenue and profit loss. The Los Angeles-based firms litigation department, composing 55% of the companies lawyers, has been receiving pressure from…
Baker & McKenzie reports its average profits per equity partner in fiscal 2008 fell 17%, to $992,000. Revenue was down 3.5% to $2.11 billion. The firm, which in April laid…
Law firm SJ Berwin has announced that profits per equity partner, which were £801,000 ($1.33 million) for 2008, fell to £410,000 ($680,000) for 2009. The firm saw revenue fall 14%…
Florida’s Ruden McClosky, which laid off two lawyers and 18 staff in May, and cut associate and non-equity partner compensation in June, has laid off an additional eight lawyers. The…
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.…
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