Non-equity shareholders also suffered a 15 percent drop in pay, according to financial information for the 2008 fiscal year released by Akerman for the annual ranking of top law firms by The American Lawyer magazine, an affiliate of the Daily Business Review.
Firm chairman Andrew Smulian attributed most of the drop in non-equity partners to promotions to equity partnership. But Akerman also reported a drop of more than 5 percent in its equity shareholder head count.
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