With several major matters settling on one hand and the firm investing in expansion on the other, Kasowitz Benson Torres & Friedman saw both its gross revenue and profits per partner decline in 2011, according to reporting by The American Lawyer.
The New York-based firm grossed $240.5 million last year, 2 percent less than the $245.5 million it earned in 2010. Profits per partner, meanwhile, fell 10 percent to $1.67 million.
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