Mid-market law firm Frost Brown Todd has reported a drop in revenue and profits in FY2018 compared to the year before.

Gross revenue declined 1.4 percent, from $223.6 million in FY2017 to $220.4 million in FY2018. Revenue per lawyer fell 3.4 percent, from $503,000 to $486,000 over the same period, while profits per equity partner dropped from $501,000, to $453,000—a decline of 9.6 percent.

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