Weil Gotshal posts falling revenue and partner profits for 2010
Weil Gotshal & Manges saw a decrease in revenue in 2010, according to financial data reported by the firm, writes The Am Law Daily. Gross revenue in 2010 dipped 4% to $1.19bn (£750m) for the US law firm. While revenue fell, a series of cost-cutting measures - total lawyer headcount shrank by more than 90 - pushed net income up by 3% to a record high of $438.5m (£277m). Consequently, Weil's profit margin rose to 37%, its highest level since 1997.
Weil Gotshal & Manges saw a decrease in revenue in 2010, according to financial data reported by the firm, writes The Am Law Daily.
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