Mayer Brown reports flat revenues and partner profits for 2010
Mayer Brown posted flat revenues and profits last year, in one of the first indications of the 2010 US reporting season, writes The Am Law Daily. Gross revenue at the 1,650-lawyer firm was down for the second year in a row, dropping 1% to $1.107bn (£691m) in 2010 after falling almost 14% in 2009. Average profits per equity partner inched up by 1% to $1.07m (£668,000). The top 10 US law firm's profit margin remained static at 26%.
Mayer Brown posted flat revenues and profits last year, in one of the first indications of the 2010 US reporting season, writes The Am Law Daily.
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