Business of Law
Average Howrey PPP Plummeted to $550K in 2010, Ex-Partner Says
Posted Jan 31, 2011 5:40 PM CST
By Martha Neil
Average profit per partner at Howrey plummeted to $550,000 in 2010, former law firm vice-chair Henry Bunsow told the Washingtonian's Capital Comment Blog.
While that may still sound like a lot of money, that compares to PPP of about $846,000 in 2009 and $1.3 million in 2008, the magazine notes.
But a spokeswoman for the firm, Christine Till, says Howrey hasn't yet calculated its PPP for 2010.
Additional and related coverage:
ABAJournal.com: "As Howrey Profits Plummet, Partner Says ‘We’ll Take a Torpedo or Two’ But Likely Won’t Sink"
ABAJournal.com: "Are Winston and Howrey Talking About a Merger After All?"
Blog of Legal Times: "Venable Brings on Former Howrey Partner"
The Lawyer: "Howrey chair rallies the troops as Winston circles"