Most law firms were happy to put 2008 behind them, and hope for a better 2009. But for Fried, Frank, Harris, Shriver & Jacobson, the year from hell continued for another two months.
Gross revenue at Fried Frank, whose fiscal year ended Feb. 28, fell more than 9 percent in 2008 to $488 million; profits per equity partner plunged a whopping 23 percent, to $1.23 million. Revenue per lawyer fell nearly 12 percent, to $858,000. A firm spokeswoman said that Fried Frank is a transactional firm, and that it was a bad year for that work.
This content has been archived.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]