Dechert's strongest year ever in its international offices and the right mix of practice areas helped garner a 14.7 percent increase in gross revenue for 2007 -- a year that firm Chairman Barton J. Winokur said was "difficult" overall for a "fiercely competitive" industry dealing with the largest cost increases he has ever seen -- due partly to salary and bonus increases. Dechert's strategy for growth has differed from many of the large firms that have been focused on mergers over the past few years.
Dechert's European Offices Help Boost Strong Financials, Despite 'Difficult Year' for Industry
The Legal Intelligencer
January 29, 2008