A slowdown in capital markets work in the energy sector due to slumping oil prices led to a 3 percent decline in gross revenue at Andrews Kurth Kenyon in 2017 and a 24.4 percent drop in net income.
“The energy capital markets really started off well, but pretty well shut down in March when oil prices fell again,” Robert Jewell, managing partner of the Houston-based firm, said about the volume of capital markets work in 2017.
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