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The Tech Tumble
Silicon Valley's high fliers take a dive
Silicon Valley's technology specialists have been hit hard by the end of the technology boom, according to 2001 financial data on the Bay Area's ten highest-grossing firms gathered by The Recorder, American Lawyer Media's daily newspaper in San Francisco. Brobeck, Phleger & Harrison; Wilson Sonsini Goodrich & Rosati; Cooley Godward; and Gray Cary Ware & Freidenrich all posted declines in profits per equity partner. (Pillsbury Winthrop was formed through a merger in 2001, so comparisons to 2000 results are not available.)
| Rank by Gross Revenue |
Firm |
Gross Revenue (2001) |
Change from 2000 |
Revenue Per Lawyer |
Change from 2000 |
Profits Per Equity Partner |
Change from 2000 |
| 1 |
Morrison & Foerster |
$490,000,000 |
12% |
$550,000 |
2% |
$675,000 |
2% |
| 2 |
Brobeck, Phleger & Harrison |
447,000,000 |
-9% |
565,000 |
-6% |
660,000 |
-44% |
| 3 |
Pillsbury Winthrop |
445,000,000 |
-- |
605,000 |
-- |
615,000 |
-- |
| 4 |
Wilson Sonsini Goodrich & Rosati |
425,000,000 |
-6% |
600,000 |
8% |
830,000 |
-11% |
| 5 |
Orrick, Herrington & Sutcliffe |
365,000,000 |
14% |
640,000 |
7% |
765,000 |
2% |
| 6 |
Cooley Godward |
354,000,000 |
3% |
565,000 |
-4% |
715,000 |
-21% |
| 7 |
Heller Ehrman White & McAuliffe |
331,000,000 |
27% |
660,000 |
11% |
645,000 |
15% |
| 8 |
Gray Cary Ware & Freidenrich |
225,000,000 |
18% |
500,000 |
0% |
515,000 |
-2% |
| 9 |
Thelen Reid & Priest |
202,000,000 |
12% |
515,000 |
10% |
560,000 |
12% |
| 10 |
Littler Mendelson |
153,000,000 |
10% |
400,000 |
5% |
350,000 |
1% |
| (The Recorder, February 2002) |
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