While both gross revenue and revenue per lawyer ticked up slightly at Milbank, Tweed, Hadley & McCloy in 2012, the firm’s profits declined amid an expansion of the equity partnership ranks, according to The American Lawyer‘s reporting.
Milbanks gross revenue rose 2 percent last year, to $665 million, while revenue per lawyer climbed 4.5 percent, to $1.165 million. On the flip side, profits per equity partner dipped 4.9 percent, to $2.445 million. The results came as the firms overall attorney head count declined 2.4 percent, to 571, and total partner head count increased 0.7 percent, or a single partner, to 147.
This content has been archived.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]
