Fried Frank announces poor financial results

March 22, 2013 International law firm Fried, Frank, Harris, Shriver & Jacobson went backwards in its 2012 financial results, with gross revenue dropping by 6.3 per cent to $444 million, while revenue per lawyer fell 2.6 percent from 2011 to $935,000 in 2012. Profits per partner dropped by 16.8 percent from 2011 to $1.315 million in 2012.
 
Fried Fried chair Valerie Ford Jacob explained the finances to The AmLaw Daily, saying:  “We had great momentum in the second half of the year, but a slower period in the first half, so that we ended up essentially flat on time value and billings year-over-year.”

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