Henry Nassau, CEO of Dechert. Dechert Follows 50% Profit Increase With 14% Drop, Epitomizing Big Law Business Cycle
"The better your 2021 was, the harder your 2022 was going to be," said CEO Henry Nassau.
March 13, 2023 at 11:35 AM
7 minute read
Law Firm Profitability
The original version of this story was published on The Legal Intelligencer
After a 50% profitability boost that made 2021 the best year on record for Dechert, the global firm's profits per equity partner (PEP) and revenue dropped 14% and 4% in its most recent fiscal year.
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