Dewey & LeBoeuf announced that revenues and profits were both up slightly in 2011. Revenues grew by 2.8 percent, but expenses increased, the firm noted. Profits per equity partner posted a 1 percent overall increase. “It was an okay year,” chairman Steven Davis says. “We would have liked it to be a better year.”
The firm said it collected $935 million, up from $909.9 million in 2010; overall profits stood at $340.5 million, up from $328 million. Lawyer head count (1,040), including the equity partner tier (190), and the non-equity tier (115), also remained nearly unchanged.
