Chadbourne & Parke plans to take "aggressive measures," including asking some partners to leave, in response to disappointing financial results last year. In fact, the firm's profits for the past few years have generally been flat: Last year's $1 million in profits per partner barely passed the firm's 2000 figure of $940,000. In a memo circulated firmwide Tuesday, managing partner Charles K. O'Neill pledged the firm's collegial culture would not change: "We may be leaner, but we will not be meaner."
February 01, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Chadbourne & Parke is planning to take “aggressive measures,” including asking some partners to leave, in response to disappointing financial results for the past year.
In a memo circulated firmwide Tuesday, managing partner Charles K. O’Neill said both revenue and profit had decreased in 2005 from the year before.
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