Law firms with the largest offices on the West Coast were back in the black for the most part during 2010, with revenues edging up slightly or remaining flat. Many managed to boost profits per partner, largely due to their reduced head count.
Los Angeles-based Quinn Emanuel Urquhart & Sullivan and Seattle’s Perkins Coie showed substantial improvements in revenues and profits. But most reported smaller increases, and managing partners at some firms cited California’s budget problems and problematic industries such as real estate and corporate finance.
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