Drinker Biddle & Reath saw its gross revenue and net income dip slightly in 2014, but profits per equity partner (PPP) and revenue per lawyer (RPL) both saw slight upticks.
The firm’s gross revenue fell 1.8 percent, from $388 million in 2013 to $381 million in 2014, and net income also dropped by 3.8 percent, from $131.5 million in 2013 to $126.5 million last year. However, firm chairman Andrew C. Kassner said 2014 was a “solid year” that was very active on both the business and administrative sides, and included the firm finalizing a $40 million capital project to revamp several offices.
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