Dechert Cracks the Code for Am Law 100 Success

A hard-nosed focus on core areas has pushed Dechert from Philly-based also-ran to the top tier of profitability among The Am Law 100. In 2006, Dechert's revenues were up 27 percent, growing faster than all but a few firms that scored big contingency fees or had a merger. Profits per partner hit $1.99 million, just a tick below top Wall Street players. And the firm showed above-average growth rates in revenue per lawyer and value per lawyer. How has Dechert made the formula work where other firms have not?

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