As it continued to shed lawyers for the fifth year in a row, Locke Lord saw gross revenue slip by 3.1% in 2019, while revenue per lawyer increased slightly.

Chair David Taylor said the small decrease in revenue is largely due to shrinkage in the total lawyer count—including the loss of a number of lawyers in the firm’s Hong Kong office—and the fact that a contingency fee factored into 2018 financial results.

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