Profits Steady but Revenue Down at Drinker Biddle

Gross revenue came in at $373 million at Drinker Biddle & Reath in 2009, a slight decrease from the firm’s 2008 revenue of $382 million. Revenue per lawyer also fell, to $600,000 from $615,000, but profits per partner managed to hold steady at $605,000.

The Legal Intelligencer reports the average compensation for all partners was $538,000, a three percent increase from the previous year. There are 193 equity partners at Drinker Biddle, two fewer than in 2008 and its 72 non-equity partners is one more than the previous year.

There are 619 full-time lawyers, just two fewer than in 2008.

Drinker Biddle & Reath LLP was founded in Philadelphia in 1849. The firm has 12 offices in the US. Its largest offices are in Philadelphia, Chicago, Florham Park, New Jersey, and Washington, DC.