Revenue at big Philly firms: Up for four, down for four

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arvcondor
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Joined: Sun Oct 03, 2010 11:33 pm

Revenue at big Philly firms: Up for four, down for four

Postby arvcondor » Sun May 15, 2011 6:59 am

http://www.bizjournals.com/philadelphia ... eezed.html

Article is locked, but it's all in the first few grafs:

Four of Philadelphia’s eight highest-grossing law firms saw revenues per lawyer decline in 2010 while only one saw a sizable increase.
Managing partners and consultants say firms are still having trouble enhancing top line revenue without the aid of the sizable billing rate increases that were commonplace before the recession hit three years ago.
Dechert (-5.5 percent), Pepper Hamilton (-1.1 percent), Blank Rome (-3 percent) and Cozen O'Connor (-4.3 percent) all saw their revenue per lawyer fall. Ballard Spahr (10.8 percent), Morgan Lewis & Bockius (6 percent), Drinker Biddle & Reath (4.1 percent) and Duane Morris (3.3 percent) all experienced ...

I don't really know what their threshold is for "sizable increase," but it seems like at least Morgan Lewis would also qualify.



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