Missouri-based Husch Blackwell has demoted 25 partners from equity status on the heels of a year that saw the firm’s gross revenue and profits per partner drop.

Husch Blackwell’s gross revenue dropped 4.7 percent to $266 million and its profits per partner slipped 7.1 percent to $525,000 in 2011, according to The American Lawyer’s reporting. Last year’s sluggish financial performance follows a 3.5 percent decline in gross revenue in 2010.