Home

Dorsey & Whitney Continues to Suffer from Revenue Losses
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Dorsey & Whitney LLP, a leading US law firm with more than 850 lawyers, continued to suffer from revenue losses as the firm’s gross revenue dipped for the second consecutive year. Based on the data released by Dorsey & Whitney, the firm registered gross revenues of $322.7 million in 2010, a figure that is 6% lower than 2009 and a 12% decline from a peak of $367 million in 2008.

Despite the gross revenue decline, the firm’s revenue per lawyer climbed by 2% to $568,713 and its profits per equity partner increased by 4% to $521,756. The firm attributed the gain to the lower headcount at the firm. In 2010, the firm’s total headcount dropped 7.5%, a decrease of 45.7 full-time equivalent lawyers to 567.4 lawyers. The firm’s total number of partners also dipped by 4%, a decline of 11.6 FTE equity and non-equity partners to 265.8 total partners.

Marianne Short, managing partner at Dorsey & Whitney, said that the firm is now finding ways to increase to start increasing its gross revenue. “The firm continues to manage expenses carefully.” She added: “The decline in total lawyers reflects movement of some of our younger lawyers to jobs with clients. But Dorsey is looking for good lateral hires with books of business.”

  
What
Where


In 2009, Dorsey cut about 8% of its expenses, which resulted to an increase in the firm’s net profit by 1% to $118.4 million.



 

RELEVANT JOBS

Senior Corporate Counselor - Remote

USA-NY-New York City

We are an innovative, intent-driven company that believes in building the future and we are looking ...

Apply now

Associate Attorney

USA-FL-Coral Gables

Job details Salary $60,000 - $75,000 a year Job Type Full-time Qualifications ...

Apply now

Director, Legal & Government Affairs

USA-FL-Lakeland

  Director, Legal & Government Affairs Lakeland, FL CLICK HERE TO APPLY JOB SUMMARY...

Apply now

Attorney 0-3 Years Experience

USA-CA-Woodland Hills

San Fernando Valley Defense Firm seeks attorney with 0-3 years of workers\' compensation experience....

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Junior to Mid-level Investment Management Associate Attorney

USA-NY-New York City

New York City office of a BCG Attorney Search Top Ranked Law Firm seeks junior to mid-level investme...

Apply Now

Mid-level Debt Finance Associate Attorney

USA-CA-San Francisco

San Francisco office of a BCG Attorney Search Top Ranked Law Firm seeks mid-level debt finance-focus...

Apply Now

Senior Business and Corporate Law Attorney

USA-CA-Murrieta

Murrieta office of our client seeks a senior business and corporate law attorney with 3+ years of bu...

Apply Now

Most Popular

SEARCH IN ARCHIVE

To Top