Home

Familiar Tune: Revenue Down, Profits Up At Sutherland
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Atlanta-based Sutherland, like a host of other biglaw firms, saw an increase in profits in 2009 despite a  drop in gross revenue.

According to Atlanta’s Daily Report, Sutherland’s revenue checked in at around $269 million in ’09, which was a 7 percent decrease from the previous year. Despite that, profits increased 3.5 percent to $93.6 million. That equates to a per equity partner average of $910,000, which is up about $80,000 from the previous year.

Sutherland Managing Partner Mark D. Wasserman said the firm’s profits were bouyed by a series of cost-cutting measures.

  
What
Where


“We were looking very, very hard at the cost number, because we were projecting that we would not have a higher revenue number …,” Wasserman told Daily Report. “And we knew that to have the kind of year we wanted, we had to watch things on the cost side.”

One of the cost-saving measures cited in the report was the firm’s decision to reduce starting salaries in Atlanta by $20,000. Wasserman said no further measures are planned for 2010.

Sutherland Asbill & Brennan was founded in 1924 and focuses on seven major practice areas—corporate, financial services, energy & environmental, intellectual property, litigation, real estate, and tax. It has 450 attorneys, and offices in Atlanta, Austin, Houston, New York and Washington DC.

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!!






 

RELEVANT JOBS

Associate Attorney

USA-NY-New York City

More Legal Superstars Wanted   Our fast-growing, plaintiff and impact-focused litigation ...

Apply now

Residential Real Estate Paralegal

USA-NC-High Point

Full Job Description Wyatt Early Harris Wheeler LLP 1912 Eastchester Dr., Suite 400, High Point,...

Apply now

Litigation Paralegal

USA-CT-Hartford

The Law Office of Austin B. Johns, located in Hartford, Connecticut, seeks a part time litigation pa...

Apply now

Legal Assistant

USA-OH-Akron

Full Job Description Experienced probate and estate planning legal assistant, knowledgable regard...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Bankruptcy and Creditors' Rights Associate Attorney

USA-CO-Denver

Denver office of a BCG Attorney Search Top Ranked Law Firm seeks bankruptcy and creditors\' rights a...

Apply Now

Bankruptcy and Creditors' Rights Associate Attorney

USA-DC-Washington

Washington D.C. office of a BCG Attorney Search Top Ranked Law Firm seeks bankruptcy and creditors\'...

Apply Now

Estate Planning Associate Attorney

USA-OH-North Canton

North Canton office of a BCG Attorney Search Top Ranked Law Firm seeks associate attorney with 1-3 y...

Apply Now

SEARCH IN ARCHIVE

To Top