Debevoise revenues slip again but partner profits climb to $2m
Debevoise & Plimpton saw revenues slip again in 2010 while the US law firm increased profits per equity partner (PEP) by 11%, reports The Am Law Daily. The New York firm grossed $657m (£408m) in 2010, a 2% decrease in revenues - which came after a 12% contraction in income for its 2009 financial year. PEP, however, rose significantly to hit $2.06m (£1.27m), a performance that Debevoise presiding partner Martin Frederic Evans said reflected the firm's cost-cutting efforts. "You got the full-year effect of the expense reductions," he commented.
Debevoise & Plimpton saw revenues slip again in 2010 while the US law firm increased profits per equity partner (PEP) by 11%, reports The Am Law Daily.
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