Weil, Gotshal & Manges reported flat 2009 gross revenue and a modest uptick in profits per partner Monday. The results are slightly surprising given the firm’s strong bankruptcy practice last year, but executive partner Barry Wolf said that other parts of the firm suffered from the economic downturn.
According to the firm, gross revenue rose just .18 percent, from $1,230,801,620 in 2008 to $1,233,054,282 in 2009. Head count rose 1.85 percent, from 1,190 to 1,212. But revenue per lawyer dropped by 1.64 percent, from $1,034,287 to $1,017,372, while profits per equity partner rose by 1.8 percent, from $2,273,802 to $2,314,723.
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