California’s elite technology firms between them lost more than $200m (£125m) of fee income in 2002 according to new research which shows revenues at the worst-hit firm – Brobeck Phleger & Harrison – falling nearly $100m (£62.5m) on its 2001 result.
Research from San Francisco’s The Recorder on the financial performance of the 10 biggest law firms in the Bay Area, home to the US’ once-thriving US technology specialists, shows the firms saw a net fall in fee income of $185m (£115m) in 2002.
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