Home

Debevoise Reports Revenue Up
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

New York’s Debevoise & Plimpton announced that its 2008 gross revenue climbed 7.2%, while profits per partner fell nearly 3%.

Revenue grew to $760.8 million, but profits per partner dropped to $2.23 million.

The drop-off in profitability followed declines at other New York-based firms, such as Skadden, Arps, Slate, Meagher & Flom; Sullivan & Cromwell; and Davis Polk & Wardwell. Only a few, such as Cleary Gottlieb Steen & Hamilton and Weil, Gotshal & Manges, have posted positive results.

  
What
Where


Debevoise’s profits per partner dropped in part because the firm had more equity partners in 2008. The firm’s overall income actually increased 1.3% last year to $318 million. But the number of equity partners also increased.

Revenue per lawyer inched up slightly by less than 1% to $1.2 million.

The firm cut associate bonuses in December, after Cravath, Swaine & Moore set the market floor at $17,500 for a first-year associate bonus.

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!!




Debevoise & Plimpton LLP is a prominent international law firm based in New York City. Founded in 1931 by Eli Whitney Debevoise and William Stevenson, the firm currently employs about 680 lawyers in eight offices throughout the world.





 

RELEVANT JOBS

REAL ESTATE ASSOCIATE

USA-WA-Tacoma

Role Overview Gordon Thomas Honeywell seeks a real estate transactional attorney with three to fi...

Apply now

Litigation Paralegal

USA-CT-New London

Job details No matching job preferences Salary $20 - $23 an hour Job Type Full-t...

Apply now

Associate Attorney

USA-CT-Greenwich

Job Summary: Smith Legacy Law seeks an Associate who will work alongside the legal team in advisi...

Apply now

Air Enforcement Coordinator & Adjudication Officer

USA-VA-Richmond

The Department of Environmental Quality, Division of Environmental Enhancement seeks a highly qualif...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Associate Attorney with 3+ years of litigation experience

USA-GA-Atlanta

Atlanta office of a BCG Attorney Search Top Ranked Law Firm seeks an associate attorney with 3+ year...

Apply Now

Family Law Associate Attorney

USA-TN-Knoxville

Knoxville office of a BCG Attorney Search Top Ranked Law Firm seeks a family law associate attorney ...

Apply Now

Associate Attorney

USA-WI-Wisconsin Rapids

Wisconsin Rapids office of a BCG Attorney Search Top Ranked Law Firm seeks an associate attorney wit...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top