For the second straight year, Debevoise & Plimpton saw revenues slip in 2010, though last year’s modest dip was an improvement over 2009′s 12 percent drop. At the same time, Debevoise’s profits per partner rebounded after a two-year slide, rising by 11 percent compared to 2009.
The New York-based firm grossed $657 million in 2010, a 1.6 percent decrease in revenues that presiding partner Martin Frederic Evans attributed to the economic downturn’s lingering effects. Profits per partner, meanwhile, hit $2.06 million, a jump that Evans said reflected the firm’s cost-cutting efforts.
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