McDermott and Cadwalader see revenues rebound as both post 4% rise for 2011
McDermott Will & Emery and Cadwalader Wickersham & Taft have become the latest US firms to post rising revenues after recent leans years, reports the Am Law Daily. The Chicago-based McDermott, which has seen revenues drop by a combined total of $100m (£63m) during 2009 and 2010, has reversed the trend by recording a 4.7% increase for 2011 to $826m (£524m). with profits per equity partner (PEP) inching up 2.7% to $1.5m (£950,000).
McDermott Will & Emery and Cadwalader Wickersham & Taft have become the latest US firms to post rising revenues after recent leans years, reports the Am Law Daily.
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