Thursday, March 11, 2010

BigLaw Partners Survive 2009 with Profits Intact

Zeughueser Group issued an alert titled, "Summary 2009 Financial Results of 67 Top Firms Reporting as of March 1, 2010."

According to the study:

"Fifty-two Am Law 100 firms (based on 2009 rankings by 2008 gross revenue performance) and 15 Am Law 200 firms had reported their FY 2009 financial results as of March 1, 2010. On average, the 52 Am Law 100 firms reporting experienced a drop of 0.8 percent in profits per equity partner (“PPEP”) and a 3.8 percent decrease in gross revenues (“GR”) compared to 2008; strikingly, the 15 firms in the second hundred experienced a 9.8 percent increase in PPEP and 2.3 percent increase in GR."

Read the associated article in the ABA Journal.

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