Cadwalader revenue dips 14%, profits down 30%

Average profits per equity partner at Cadwalader Wickersham & Taft fell to $1.88 million for 2008, down from $2.725 million the year before, the Am Law Daily reports. Some rumors had put the drop in partner profits at Cadwalader, Wickersham & Taft at 50 percent. So the news of a 30 percent decline doesn't seem all that bad.