Editor’s note: This is part three of a four-part feature that appears in the July/August issue of The American Lawyer, a Daily Report affiliate. Parts one and two ran in Wednesday’s Daily Report.
In 2009 revenues again slipped, this time by 16 percent, to $809 million, and profits fell 13 percent, to $241 million, according to copies of audited financials obtained in reporting this article. But Davis maintained his growth-by-lateral strategy, luring M&A partners Richard Climan, Keith Flaum, and Eric Reifschneider away from Cooley in 2009.
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