Last year was a challenging one for Dorsey & Whitney, as the Minneapolis-based firm's gross revenue fell slightly and its profits per partner hit its lowest level since 2006, according to The American Lawyer 's reporting.
February 13, 2013 at 02:56 AM
1 minute read
The original version of this story was published on Law.Com
Dorsey & Whitney saw its profits drop for the fifth straight year in 2012 amid a slight decline in gross revenue, according to The American Lawyer‘s reporting.
Minneapolis-based Dorsey’s profits slid 8 percent last year to $515,000, their lowest mark since 2006. While the firm’s gross revenue was down a more modest 3.1 percent, to $313.5 million, the falloff nonetheless erased the slight topline gains Dorsey enjoyed in 2011. At $605,000, the firm’s revenue per lawyer was essentially flat.
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