Cadwalader, Wickersham & Taft saw its revenue decline in 2016, amid partner defections and office closures. But managing partner Patrick Quinn pointed to higher profits as a sign that the firm’s tighter focus on core clients and practices is paying off.
Profits per partner, after dropping consecutively for three years, rose 2.7 percent in 2016 to $2.115 million. Gross revenue fell by 2.5 percent to $452 million last year, according to preliminary American Lawyer reporting.
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