PHILADELPHIA – Cozen O’Connor saw dips in all of its key financial metrics in 2010 after seeing major rises in those figures the year before thanks to a large contingency fee in 2009.
The firm’s gross revenue fell 4.6 percent from $290.7 million in 2009 to $277.3 million in 2010. Cozen O’Connor’s revenue per lawyer (RPL) dropped by a similar margin of 4.5 percent from $575,000 to $550,000 and its profits per equity partner (PPP) fell 7.4 percent from $650,000 to $605,000. The firm’s average compensation for all partners fell 6.7 percent from $475,000 to $445,000, according to numbers provided by the firm.
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