Holland & Knight Revenue Down 10 Percent

The recession has clearly hurt Holland & Knight, with revenue down 10 percent last year and a 9 percent lawyer reduction including 70 layoffs a year ago. While revenue fell to $546 million, equity partners saw the silver lining, with their profit up 2.6 percent to an average $696,000 on a compensation pool that was almost flat at $133 million. Average compensation for all partners grew nearly 5 percent to $453,164. Revenue per lawyer fell 0.77 percent. One of the nation's largest law firms has, for the first time in many years, dipped below the 1,000-lawyer mark, reporting 934 lawyers firmwide.

Holland & Knight Revenue Down 10 Percent law.com Tue, Feb 23, 2010