Weil, Gotshal & Manges saw a decrease in revenue in 2010, according to financial data reported by the firm.

Gross revenue dipped 4 percent to $1.185 billion in 2010. While revenue fell, a series of cost-cutting measures–total lawyer headcount shrank by over 90 lawyers–pushed net income up 3 percent to a record high of $438.5 million. Consequently, Weil’s profit margin rose two points to 37 percent, its highest level since 1997.

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