Revenue Down, Profits Up at Sidley Austin
A decline in gross revenue in 2009 didn’t stop profits per equity partner (PPP) from inching up at Sidley Austin.…
equity partners
Recession Causing Fewer to Make Partner
It’s probably not a surprise that making partner has proven a more difficult task during the current recession. Not wanting…
Rumor: DLA Piper to Cut Equity Partners
Blawgs are reporting on rumors that global law juggernaut DLA Piper plans to force out some equity partners. The finance…
Profits Plummet at Clifford Chance
Magic Circle law firm Clifford Chance LLP LLP saw average profits per equity partner drop 37% to £733,000 ($1.2 million)…
Tipster: Brown McCarroll Lays Off Lawyers and Staff
A tipster informs us that Texas' Brown McCarroll has laid off a "significant number" of attorneys and staff in its…
Howrey Lays Off 25 Staff
Washington DC's Howrey has laid off 25 secretarial staffers. Cuts came in all offices except Palo Alto and New York.…
CMS Cameron McKenna Targeting Equity Partners
Earlier this month, UK City firm CMS Cameron McKenna asked its equity partners to volunteer to become fixed-share partners. Now…
Axe Falling for Clifford Chance Partners
Partners at Clifford Chance, which we now learn for the first time laid off 35 support staff in New York…
Proskauer Rose’s Profits Fall 10% in 2008
Am Law 100 firm Proskauer Rose's profits per equity partner dropped 10% in 2008 to $1.4 million. Revenues increased marginally,…
Patton Boggs Adopts New Compensation System
Washington, DC-based Patton Boggs is adopting a new compensation plan for partners, retooling a long-held "eat-what-you-kill" system to reward partner…
Profits Down at Moore & Van Allen
Gross revenue at Charlotte, North Carolina Am Law 100 firm Moore & Van Allen edged up 1.5% to $164.5 million.…
Profits Up at Weil Gotshal
Gross revenue at Weil, Gotshal & Manges rose slightly in 2008. The New York-based firm brought in $1.23 billion, up…