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!!






 

Interesting Legal Sites You May Like


BCG FEATURED JOB

Locations:

Keyword:



Search Now

Litigator with 5-10 years of general insurance defense experience

USA-FL-West Palm Beach

Boutique litigation firm is looking for an experienced litigator with 5-10 years of general insuranc...

Apply Now

Transactional Real Estate Attorney with 4-10 years of experience

USA-CA-San Diego

San Diego office is seeking a transactional real estate attorney with 4-10 years of experience.

Apply Now

Real Estate/Business Transaction Attorney with 8+ years of experience

USA-WA-Seattle

Seattle office is seeking a real estate & business transaction attorney with 8+ years of experience....

Apply Now

Patent prosecution attorney with 3-5 years of experience

USA-CA-Costa Mesa

Costa Mesa office is seeking a patent prosecution attorney with 3-5 years of experience. Should have...

Apply Now

RELEVANT JOBS

Contract Attorney

USA-CA-Beverly Hills

We are looking for a civil business litigator with 3+ years of experience who is capable of attendin...

Apply now

Attorney

USA-CA-San Francisco

As an in-house legal counsel at Wix’s legal department, you will play a significant role in de...

Apply now

Experienced Insurance Defense Attorney Needed

USA-NY-Bohemia

Defense Negligence firm with offices in Nassau County and main office in Suffolk County seeks a full...

Apply now

Attorney

USA-MO-Kansas City

Successful, expanding KC personal injury law firm seeks an attorney with 5+ years personal injury li...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top