San Francisco Bay Area Law Firms Float on Turbulent Waters

Despite the subprime mortgage crisis and resulting credit crunch, most of the eight Bay Area law firms that have released financial data so far showed solid increases in revenue and profitability in 2007. Two exceptions were Heller Ehrman, which saw revenues and profits per partner drop slightly, and Townsend and Townsend and Crew, whose 2006 numbers had been goosed by an exceptionally large contingency fee. Leading the pack in revenue growth, Morrison & Foerster and Orrick, Herrington and Sutcliffe each posted 16 percent increases in revenue, to $772 million and $894 million, respectively.

San Francisco Bay Area Law Firms Float on Turbulent Waters law.com Fri, Jan 11, 2008