Firm Finance: Head Count, Gross Revenue Drop at Strasburger
"It's an interesting way to look at it—2013 was an extremely good year for us," said Dan Butcher, Strasburger's managing partner. "And 2014 was a more normal year for us."
April 17, 2015 at 09:22 AM
2 minute read
The original version of this story was published on Texas Lawyer
Editor's note: This report is part of Texas Lawyer's coverage of the 2014 financial results of the 25 highest-grossing Texas-based firms as part of the Am Law 100 and Second Hundred reports. Texas Lawyer will publish its Annual Report on Firm Finance on April 27. The American Lawyer, a Texas Lawyer affiliate, will publish full results for The Am Law 100 in May. The Am Law Second Hundred will be published in June.
A slowdown in litigation and a drop in the firm's head count both contributed to a 2.9 percent dip in gross revenue at Dallas' Strasburger & Price—a drop from $102 million in 2013 to $99 million in 2014.
Net income at the firm also dropped, from $31.5 million in 2013 to $27 million in 2014.
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