Dickstein Shapiro faced its worst year in more than a decade after contingency cases didn’t pull in income and the firm restructured, the firm’s chairman, James Kelly, said in an interview this week. Kelly called 2013 an “investment year.”

Gross revenue declined by $51 million to $207.5 million in 2013, a 20 percent drop. Net income fell even further, by almost 35 percent, from $55 million in 2012 to $36 million in 2013. That number is the lowest operating income Dickstein has reaped since prior to 1998, its first year on the Am Law 200 annual survey of the highest-grossing firms.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]