The recession has clearly hurt Holland & Knight, with revenue down 10 percent last year and a 9 percent lawyer reduction, including 70 layoffs a year ago. The biggest headcount drop was in non-equity partners, with a one-year drop of 11 percent. "They're taking care of the equity partners because the equities put the gas in the engine. Without rainmakers, you have no firm. Without clients, you have a social club," said Joe Ankus, a longtime legal headhunter and a former Holland & Knight attorney.
Holland & Knight Revenue Down 10 Percent
Daily Business Review
February 23, 2010