Duane Morris' 2006 merger with Hancock Rothert & Bunshoft played a role in its financial performance for the year, helping to increase the firm's gross revenue by 16 percent while contributing to a slowing of its revenue per lawyer figures, which inched up by 1 percent. Chairman Sheldon Bonovitz said the firm's promotion of a large group of associates to the non-equity partner tier also affected RPL. Duane Morris is currently in early talks with at least two new potential merger partners, he said.
February 23, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Duane Morris’ merger with 60-attorney Hancock Rothert & Bunshoft in 2006 played a noticeable role in its financial performance for the year, increasing the firm’s gross revenue while stunting its revenue per lawyer growth.
The firm also announced that it has increased its first-year associate salary by $10,000 to $135,000, retroactive to Jan. 1.
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