Leading Bay Area firms have shaken off the effects of the credit crunch to chart strong financial results for 2007, writes The Recorder, with Morrison & Foerster and Orrick Herrington and Sutcliffe among those posting significant increases in turnover and revenue per lawyer (RPL).
Orrick saw turnover increase by 16% to reach $772m (£391m), while RPL improved by 8% to hit $850,000 (£430,550). MoFo also saw fee income climb by 16% compared to 2006, raking in $894m (£452.8m) over the last 12 months. RPL at MoFo was up by 9% to $890,000 (£450,820).
