Foley & Lardner reports that in 2009 gross revenue declined 8.8 percent to $667 million, and average compensation for all partners fell 7.9 percent to $586,000. “We’re glad 2009 is behind us,” says firm chairman Ralf-Reinhard Boer. “It was a tough year for the industry and a tough year for us. Things are perking up pretty much.”

The pay of partners in the highest tier fell from 18 times to 11 times the pay of partners at the bottom. Boer says at least the top 15 partners voluntarily took a disproportionate hit.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

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]