Stroock & Stroock & Lavan saw its gross revenues dip slightly in 2012 to $264 million, revenue per lawyer hold flat at roughly $920,000, and profits per partner increase 1.7 percent to $1.2 million, according to reporting by The American Lawyer.

The news comes as Stroock—a 287-lawyer firm known for its bankruptcy, entertainment, litigation, and real estate expertise—moved to let go of an undetermined number of secretaries in Los Angeles, Miami, and New York, even as it also prepared to open a new office next month in Washington, D.C., according to sources familiar with the matter.