Million-dollar madness has struck Los Angeles-based Latham & Watkins, the first California law firm to write out a seven-digit number on partner draws.
Robert Dell, the chairman of Latham, said Wednesday that profits per partner were between $1,014,000 and $1,020,000 for fiscal year 1999. That’s up from $915,000 in fiscal year 1998, an increase of roughly 11 percent.
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