Latham & Watkins revenues expected down $400m in 2008

Latham & Watkins is expected to report a significant revenues fall next Monday by up to $400m in the 2008 financial year, according to several sources. This would bring Latham's turnover for the past financial year down to $1.6bn, a drop of around 20 per cent. Latham's profits per equity partner (PEP) is expected to drop from $2.2m to $1.9m.