Bingham McCutchen suffered its worst-ever financial performance in 2013, posting steep declines in both revenue and profits.
The firm saw a full $110 million wiped off its topline last year, as gross revenue crashed 12.6 percent to a six-year low of $762 million. The falloff in revenue was mirrored on the bottom line, with Bingham’s net income plummeting 24.4 percent, to $213.5 million. Average profits per partner, meanwhile, slid for a second consecutive year, declining 12.7 percent, to $1.475 million. (That figure is still higher than the $1.445 million the firm achieved in 2009, however.)
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