Brobeck, Phleger & Harrison said Thursday its profits per equity partner dropped from a Bay Area-leading $1.17 million to $660,000 — a dizzying decline of 43.5 percent. Gross revenue also slid 6 percent from $476 million in 2000 to $447 million, according to an annual survey of law firm finances conducted by The Recorder.
Brobeck’s firmwide managing partner, Richard Parker, said the firm simply had too many corporate attorneys and not enough work to keep income rising.
This content has been archived.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
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]
