Baker & McKenzie reports that global revenue declined 3 percent to $2.11 billion and profits per partner fell a more significant 17 percent to $992,000 in fiscal year 2009, ending a four-year period during which the firm experienced consecutive double-digit revenue growth and an 85 percent increase in profits. It was in fiscal year 2007 that the firm first broke the $1 million mark for profits per partner, and in fiscal year 2008 that the firm's total revenues first surpassed the $2 billion mark.
Baker & McKenzie's Profits Fall 17 Percent
The American Lawyer
August 14, 2009