SNR Denton overcame a slight contraction in gross revenue to post a double-digit gain in average profits per partner in 2012, according to reporting by The American Lawyer.
In its second full fiscal year since its formative merger between Sonnenschein Nath & Rosenthal and U.K.based Denton Wilde Sapte, the firms gross revenue and net income both fell 1.3 percentto $710.5 million and $155 million, respectively. Profits, on the other hand, leapt 12 percent, to $785,000, thanks to an 11.6 percent reduction in equity partner head count, which fell from 224 to 198. Total attorney numbers also shrank, dipping 4 percent to 1,093. As a result, revenue per lawyer was up 3.2 percent, to $650,000. The firms profit margin remained static at 22 percent.
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