A tough year in the high-yield bond market pushed down Cahill Gordon & Reindel’s revenue and profits in an otherwise upbeat legal market.

Gross revenue, profits per equity partner and revenue per lawyer at the New York firm each declined about 7 percent last year. Revenue sank to $360.5 million, profits per equity partner lowered to $3.43 million, and revenue per lawyer dropped to $1.24 million. Total lawyer head count, at about 291 lawyers, and equity partner ranks, at 62 partners, stayed level.

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