For Drinker Biddle & Reath, 2007 was a year of investment and transformation, a year its leaders called historic for the nearly 160-year-old firm. The firm's gross revenue and headcount each grew by more than 40 percent after a Jan. 1, 2007, merger with Chicago-based Gardner Carton & Douglas. The combined firm then created a new practice group management system that is more industry-focused. But payment for the investment has to come from somewhere, and in 2007 it came, in part, from partner profits.
Drinker Biddle Revenue Soars 45 Percent, Partner Profits Drop by 1.7 Percent
The Legal Intelligencer
April 24, 2008