Dorsey & Whitney LLP, a leading US law firm with more than 850 lawyers, continued to suffer from revenue losses as the firm’s gross revenue dipped for the second consecutive…
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…
New York City based firm Schulte Roth & Zabel reported a decline in gross revenue and profits in 2009. Gross revenue was $397,000,000, dropping 5.5% since 2008. Profits per equity…
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…
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.…
O’Melveny & Myers today announced the layoffs of 10% of attorneys and 10% of staff. About 190 people will be affected. From firm chairman AB Culvahouse: I am writing to…
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…
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…
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…
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