Crunching the BigLaw Numbers: Equity Partner Profits Drop Less than 1%

Equity partners at the nation’s top law firms didn’t have to take much of a financial hit last year, thanks to layoffs of associates and staffers.

Legal consulting firm the Zeugheuser Group crunched the numbers, charting financial results reported as of March 1 for 52 of the nation’s top 100 law firms and 15 firms in the second 100. The American Lawyer collects the results and publishes them as they trickle in.

Zeughauser's findings (PDF): Profits per equity partner dropped an average of only .8 percent at the top law firms, while their gross revenues dropped an average of 3.8 percent.

The results were even more impressive at… full story