White & Case's London office has emerged as the worst-performing U.K. arm of a U.S. law firm in 2009 -- a year in which firms' results varied significantly. White & Case saw London revenues plunge by just under 20 percent to $197 million during the 2009 calendar year. The figures mark the biggest decline of any U.S. firm yet to announce its London results, but White & Case stressed that the drop could be largely explained by a change in the exchange rates it uses to convert revenues.
March 22, 2010 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
White & Case‘s London office has emerged as the worst performing U.K. arm of a U.S. law firm in 2009 — a year in which results varied significantly between firms.
White & Case saw London revenues plunge by just under 20 percent to $197 million (130 million pounds) during the 2009 calendar year, with profits per equity partner dropping by 11 percent to $1.32 million (872,000 pounds).
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