Morgan Lewis & Bockius saw declines in revenue and profits in 2009 as a general economic slowdown and a hiring spree impacted the firm's bottom line, writes the Am Law Daily. As of 30 September, the end of Morgan Lewis's fiscal year, 2009 revenue declined by nearly 5% to $1.07bn (£685m) from $1.12bn (£718m) in 2008. Profits per equity partner (PEP) dropped by 15% to 2006 levels. The firm's 2009 financials contrast sharply from 2008 - that year, Morgan Lewis saw an 8% boost in partner profits.
February 11, 2010 at 09:20 AM
1 minute read
The original version of this story was published on Legalweek
Morgan Lewis & Bockius saw declines in revenue and profits in 2009 as a general economic slowdown and a hiring spree impacted the firm’s bottom line, writes the Am Law Daily.
As of 30 September, the end of Morgan Lewis’s fiscal year, 2009 revenue declined by nearly 5% to $1.07bn (£685m) from $1.12bn (£718m) in 2008. Profits per equity partner (PEP) dropped by 15% to 2006 levels. The firm’s 2009 financials contrast sharply from 2008 – that year, Morgan Lewis saw an 8% boost in partner profits.
Presented by BigVoodoo
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
The African Legal Awards recognise exceptional achievement within Africa s legal community during a period of rapid change.
Law firms & in-house legal departments with a presence in the middle east celebrate outstanding achievement within the profession.
A large and well-established Tampa company is seeking a contracts administrator to support the company's in-house attorney and manage a wide...
We are seeking an attorney to join our commercial finance practice in either our Stamford, Hartford or New Haven offices. Candidates should ...
We are seeking an attorney to join our corporate and transactional practice. Candidates should have a minimum of 8 years of general corporat...
MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
