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Order The 2004 Am Law 200 electronic spreadsheet
The Am Law 200 Profits: Greatest Declines
One great year can hurt profits-per-partner comparisons the next. So can a big boost in head count, overreliance on technology, or going bust.
Firm Change From 2002 Explanation
Pennie & Edmonds -38.3% Went belly-up during an IP boom, thanks to an exodus of key partners
Snell & Wilmer -31.9% Profits returned to normal after spiking due to a contingency fee in 2002
Testa, Hurwitz -19.9% Hangover from the technology downturn; loss of a key partner to Proskauer Rose
Dykema Gossett -16.0% A contingency fee boosted profits in 2002; profits returned to normal in 2003
Sedgwick, Detert -13.3% Firm is absorbing a 14 per cent increase in head count and major technology expenditures
(The American Lawyer, August 2004)

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