Howrey’s profitability dropped dramatically in 2009, leaving partners questioning if management could get its 2010 forecast right. Julie Triedman reports on the firm’s attempt to turn the corner
In late March, at a meeting during Howrey’s partner retreat at the luxe Ritz-Carlton in Key Biscayne, Florida, a Brussels antitrust partner, Stephen Mavroghenis, lobbed a series of questions at firm management: why, he asked, had the previous year’s financial forecasts been so off? And could management assure him that the 2010 projection would be any more accurate?
