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If there are any lingering questions over why the Bay Area's largest law firms saw revenues drop last year, look no farther than their idled corporate lawyers. According to Thomson Financial, firms with significant M&A practices had a hand in 375 M&A deals last year, a 53 percent plunge from the previous year's 801 deals. And firms couldn't look to IPOs -- once the calling card of any serious Silicon Valley firm -- to help bolster the bottom line: IPOs were off another 32 percent in 2002.
January 17, 2003 at 12:00 AM
1 minute read
The original version of this story was published on The Recorder
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