Buchanan Ingersoll & Rooney‘s dip in revenue in 2009 was due to cost pressures from clients and a lower head count, but efficiencies gained last year helped bolster other financial metrics, the firm’s new CEO said.
The firm saw a 2.9 percent decrease in gross revenue, from $272.8 million in 2008 to $264.9 million in 2009. It kept its profit margin flat at about 22.5 percent.
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