Fried Frank Harris Shriver & Jacobson saw partner profits fall by 23% during its 2008 financial year, reports the Am Law Daily. The US firm, whose fiscal year ended on 28 February, saw gross revenue fall by more than 9% to $488m (£349m), while profits per equity partner plunged by 23% to a new mark of $1.23m (£880,000). Revenue per lawyer fell by nearly 12% to $858,000 (£614,000).
March 18, 2009 at 10:03 AM
1 minute read
The original version of this story was published on Legalweek
Fried Frank Harris Shriver & Jacobson saw partner profits fall by 23% during its 2008 financial year, reports the Am Law Daily.
The US firm, whose fiscal year ended on 28 February, saw gross revenue fall by more than 9% to $488m (£349m), while profits per equity partner plunged by 23% to a new mark of $1.23m (£880,000).
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