Gross revenue at Carrington, Coleman, Sloman & Blumenthal decreased to $48.4 million for 2010, a 9 percent decline from the $53.2 million generated by the firm in 2009. Net income for the Dallas firm also decreased in 2010, coming in at $21.3 million, down 10.9 percent compared to $23.9 million the previous year. Based on a full-year average FTE (full-time equivalent) of 62 lawyers and 31 equity partners, average profits per partner for 2010 were $687,000 and revenue per lawyer was $781,000. Carrington, Coleman’s highest revenue-generating practice areas in 2010 were business litigation, securities and directors-and-officers issues, business transactions, and oil and gas. The firm’s clients include Memphis-based Morgan Keegan & Co.; Graham Mortgage Corp. of Dallas; AT& T Mobility of Lenox Park, Ga.; and the city of McKinney. Carrington, Coleman managing partner Tim Gavin declines comment.
See “Turning the Corner: The Worst Appears to Be Over for Texas Firms“
