The mid-size law firm Holland & Hart posted declines in revenue, profits and head count in 2018 as it lost 16 partners in a hot lateral market.

The firm’s gross revenue dropped 5.1 percent, from $249 million to $236.2 million as net income saw an 8.5 percent decline, from $96.5 million to $88.3 million. Profits per equity partner decreased by 3.1 percent, from $445,000 to $431,000.

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