Stanching a two-year, 12 percent decline, Dorsey & Whitney saw its finances stabilize in 2011, according to reporting by The American Lawyer. The Minneapolis-based firm’s gross revenue inched up 0.3 percent to $323.5 million, while profits per partner fell 0.9 percent to $560,000.
“While no one wants to say that they’re excited when results are flat or slightly up, I think we have stabilized, and we’re happy about the markers that [show us] moving up after an unpredictable last couple years,” says managing partner Marianne Short, who noted that Dorsey’s $1 million increase in revenue is “not insignificant.”
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