SAN FRANCISCO – It was a generally gloomy 2009 for the big firms operating in California. But there were bright spots.
Take 200-lawyer Irell & Manella: Gross revenue and revenue-per-lawyer were both up 10 percent, and the Southern California firm left the competition in the dust on profits per equity partner. With profits up and the head count of its single-tier partnership down, Irell’s PPP hit $2.5 million, up from about $2 million in 2008. Only Quinn Emanuel Urquhart & Sullivan, where PPP dropped to $3.1 million, beat Irell on that measure.
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