Cadwalader announces falling revenues for fourth year running
Cadwalader Wickersham & Taft has reported a decline in revenues for the fourth consecutive year, writes the Am Law Daily. Gross revenue dropped 6% to $429.5m (£272m) in 2010, according to figures provided by the firm. Cadwalader has seen a steep 27% decline in revenue since 2007, when that figure was $587m (£371m). Despite this continued drop in income, average profits per equity partner (PEP) rose slightly in 2010, climbing to $2.4m (£1.5m).
February 07, 2011 at 05:36 AM
2 minute read
Cadwalader Wickersham & Taft has reported a decline in revenues for the fourth consecutive year, writes the Am Law Daily.
Gross revenue dropped 6% to $429.5m (£272m) in 2010, according to figures provided by the firm. Cadwalader has seen a steep 27% decline in revenue since 2007, when that figure was $587m (£371m).
Despite this continued drop in income, average profits per equity partner (PEP) rose slightly in 2010, climbing to $2.4m (£1.5m).
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