Weil Posts Flat Revenue, Slight Rise in Profits
Weil, Gotshal & Manges reported flat 2009 gross revenue and a modest uptick in profits per partner Monday. The results are slightly surprising given the firm's strong bankruptcy practice last year, but executive partner Barry Wolf said that other parts of the firm suffered from the economic downturn. According to the firm, gross revenue rose just .18 percent, from $1,230,801,620 in 2008 to $1,233,054,282 in 2009. Revenue per lawyer dropped by about 1.6 percent, while profits per equity partner rose by 1.8 percent.
