Business of Law

Average Howrey PPP Plummeted to $550K in 2010, Ex-Partner Says

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: “As Howrey Profits Plummet, Partner Says ‘We’ll Take a Torpedo or Two’ But Likely Won’t Sink” “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”

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