Silicon Valley icon Wilson Sonsini Goodrich & Rosati has posted falls in profits and revenues last year as evidence emerges that the West Coast’s leading tech specialists are struggling to ride the reviving market.

The Palo Alto-based practice this week confirmed that its revenues in 2004 fell 1.3% from $382m (£201m) to $377m (£199m), with partner profits falling 2.5% to $866,000 (£457,000).