Three years ago, Fish & Richardson pulled in its horns. The firm eliminated several practice groups, most notably the corporate practice it had been trying to build for about a decade, and closed its three-year old Austin office. “We decided to get back to emphasizing what we’re known forIP work,” firm chairman and CEO Peter Devlin told sibling publication The National Law Journal back then.
The move appeared to pay off, as revenue per lawyer rose about 10 percent each of the next two years, and profits per equity partner shot up from $1.15 million in 2008 to $1.6 million in 2010.
