New Chairman Mitchell Zuklie credits cost cutting and a thinning of the partner ranks as firm has focused on key practices.
February 10, 2014 at 05:53 PM
1 minute read
SAN FRANCISCO — Revenue was flat at Orrick, Herrington & Sutcliffe in 2013, but cuts to the partner ranks let the firm boost its profitability. The firm, which last year was in merger talks with Pillsbury Winthrop Shaw Pittman, recorded gross revenue of $867.5 million, up 0.2 percent, and revenue per lawyer of $910,000, up almost 3 percent.
But average compensation for all partners was up 18 percent, as the firm focused on costs and saw the overall number of partners shrink.
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