Debevoise & Plimpton on Friday revealed that gross revenue dropped 12 percent and profits per equity partner suffered an even steeper fall last year as the recession caught up with the New York-based firm.
Revenue declined to $667.9 million in 2009, while profits per partner fell 16 percent to $1.87 million. The declines came amid a downturn in corporate work and the completion of some large matters in its litigation practices, namely the internal investigation of Siemens AG.
This content has been archived.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]