Home

Proskauer Rose’s Profits Fall 10% in 2008
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Am Law 100 firm Proskauer Rose’s profits per equity partner dropped 10% in 2008 to $1.4 million.

Revenues increased marginally, by 1%, to $634 million. Revenue per lawyer dipped slightly to $916,000.

Total headcount attorney rose slightly from 685 in 2007 to 692 in 2008. The number of equity partners was up two in 2008; 10 new non-equity partners also joined.

  
What
Where


Unlike most Am Law 100 firms, Proskauer’s financial year ends October 31st, so the numbers only cover about a month and a half of the financial crisis prompted by Lehman Brothers’ mid-September collapse.

Despite this, the firm’s performance in November and December was roughly in line with the previous six months.

In 2008, Proskauer Rose added an office in Hong Kong, and announced plans to launch in Beijing. The firm also added a Chicago office following the hire of a three-partner insurance litigation team from Mayer Brown.

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!!




In December, the firm cut 35 associates and 25 administrative staff.





 

RELEVANT JOBS

Immigration Attorney in Chicago IL

USA-IL-Chicago

A Chicago based Immigration law firm dedicated 100% to immigration law with two offices in...

Apply now

Licensed Virginia Attorney

USA-DC-Washington

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

Licensed Virginia Attorney

USA-VA-Charlottesville

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

Licensed Virginia Attorney

USA-VA-Norfolk

Small real estate law firm seeks to fill a full-time position for a Virginia licensed attorney with ...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Public Finance Associate Attorney

USA-WA-Seattle

Seattle office of a BCG Attorney Search Top Ranked Law Firm seeks a public finance associate attorne...

Apply Now

Complex Civil Litigation Associate Attorney

USA-NY-New York City

New York City office of boutique firm seeks associate attorney with 4-6 years of complex civil litig...

Apply Now

Mid-Senior level Corporate Capital Markets/Securities Associate Attorney

USA-IL-Chicago

Chicago office of a BCG Attorney Search Top Ranked Law Firm seeks mid-senior level corporate capital...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top