THE AM LAW 100 2010:A WORK IN PROGRESSLatham's Profits Bounce Back

The report below first appeared on The Am Law Daily.

Latham & Watkins today released its financials for fiscal year 2009 and the picture that’s emerging is of a firm on the mend. While revenue was down 5 percent last year, profits inched up by the same percentage. The optimistic figures come after the firm’s profits per equity partner (PPP) suffered one of the steepest falls among Am Law 100 firms in 2008.

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