Cadwalader Profits Plummet 30% in 2008
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Mmmm... salty.The American Lawyer reports that America’s oldest law firm, Manhattan’s Cadwalader, Wickersham & Taft, saw its average profits per equity partner fall more than 30% in 2008.

Cadwalader’s equity partners will take home average profits of a mere $1.88 million, down from $2.73 million in 2007. Revenue fell to $506 million, down 13.8%.

Rumors abounded that profits per partner might fall 50%, so there may be sighs of relief coming from partners afraid they might have to switch to the cheaper domestic caviar.


In October, consulting firm Hildebrandt International said that firms with “significant capital markets practices” like Cadwalader would likely see average drops for partner profits of 5 to 15%, “with a few firms seeing even steeper declines.”

Orrick, Herrington & Sutcliffe saw profits per partner fell 21% to $1.315 million.  Thacher Proffitt & Wood is in the process of dissolving because of what it said were “severe reductions in revenue.”

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!



Commercial Counsel

USA-NY-New York City

ROLE: Commercial Counsel LOCATION: New York, United States Excellence thrives h...

Apply now



Attorney Wanted for civil litigation Law Firm which focuses on insurance defense, located in Pleasan...

Apply now

Litigation Paralegal

USA-TX-San Marcos

We are a fast-paced, established family-oriented law firm in San Marcos, Texas looking for an experi...

Apply now

Family Law Attorney

USA-FL-Dade City

Mander Law Group, an AV rated, full-service Florida law firm, seeks an associate attorney to join ou...

Apply now




Search Now

Venture Capital Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks corporate business attorney with...

Apply Now

Real Estate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks transactional real estate attorn...

Apply Now

Experienced Health Care Attorney


Portland office of a BCG Attorney Search Top Ranked Law Firm is seeking health care attorney with 5-...

Apply Now


To Top