For the second straight year, Jenner & Block managed to do more with less. Between 2007 and 2008, Jenner made modest gains in profits and revenue with fewer lawyers. Last year, it did even better. While headcount at the Chicago-based firm dropped 1.5 percent, gross revenue increased nearly 6 percent to $367 million and profits per partner skyrocketed 33 percent to $1.1 million, both record highs for the firm. Jenner also saw an increase of nearly 8 percent in revenue per lawyer at $855,000.
The increases, says Susan Levy, Jenner’s managing partner, are attributable to strong countercyclical practices and a reduction in expenses. As part of its cost-cutting efforts, the firm eliminated 34 support staff positions in its Chicago and Washington, D.C., offices last March, according to The National Law Journal, a sibling publication.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]