Cadwalader hit by 6% PEP drop as US firms' 2007 results emerge
Wilmer Cutler Pickering Hale and Dorr, Cadwalader Wickersham & Taft and Morgan Lewis & Bockius are among a swathe of US firms to have announced their latest financial results, with Cadwalader the first firm to take a hit on its profits for 2007.Cadwalader reported a fall in profits per equity partner (PEP) from $2.9m (£1.48m) 2006 to $2.72m (£1.38m) this year, while overall revenue at the firm stands at $587m (£299m), up 5% from $556m (£283m) last year.
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