Weil boosts PEP as equity partner ranks contract
Weil Gotshal & Manges has posted its financial results for 2008, with the firm increasing turnover by 5% after a tough year, reports The Am Law Daily. The New York-based firm brought in $1.23bn (£868,000) in revenues in 2008, up 4.75% from 2007. Profits per equity partner rose by 7.5% to a new mark of $2.3m (£1.6m), while the total number of equity partners fell for the second year in a row, from a high of 200 lawyers in 2006 to 184 in 2008.Weil Gotshal chairman Stephen Dannhauser said: "It was certainly a challenging year for all law firms. The fact that our revenue is up is a tribute to our balanced platform."
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