Foley Hoag saw slight declines in both gross revenue and net income in 2015, according to reporting by The American Lawyer.
Gross revenue at the Boston-based firm dipped by $500,000 in the last fiscal year, to $173.5 million, while net income fell 3.6 percent, to $53 million. Average revenue per lawyer dropped 2.0 percent, to $745,000, while average profits per equity partner rose 2.3 percent, to $1.125 million, thanks to a 6 percent contraction in equity partner head count, to 47. The firm’s profit margin decreased by one percentage point, to 31 percent.
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