Cahill Gordon & Reindel’s revenue and profitability performance showed modest declines last year following record-setting years in 2012 and 2013.

The firm’s gross revenue was down 1.7 percent in 2014, to $380 million from $386.5 million in 2013. Profits per partner dropped 4.4 percent, to $3.615 million from $3.78 million. Net income slipped slightly more, showing a 4.5 percent drop, to $224 million from $234.5 million.