Revenue Down, Profits Up at Cadwalader

For the fourth consecutive year, revenues are down at Cadwalader.  That’s the bad news.  The good news is that profits per equity partner ticked up slightly for the second year in a row.

Unlike many firms that have seen revenues fall while profits rose, Cadwalader did not have any significant cuts to operating expenses in 2010.  More specifically, headcount remained relatively static.  There were some major cuts in the previous 2 years, but in 2010 the headcount dropped by only three percent.  The firm attributes this years per partner profit growth to strategic planning decisions and points in particular at the acquisition of some top talent from other firms early in the year.

Established in 1792, Cadwalader, Wickersham & Taft LLP is one of the world’s leading international law firms, with offices in New York, London, Charlotte, Washington and Beijing.  Cadwalader serves a diverse client base, including many of the world’s top financial institutions, undertaking business in more than 50 countries on six continents.