Los Angeles–based Irell & Manella suffered declines across all the key financial metrics in 2013, with the sharpest drop coming in the revenue per lawyer category, according to The American Lawyer’s reporting.
A year after jumping 9.1 percent, Irell’s RPL fell 8.4 percent last year, to $1.43 million. The firm’s gross revenue slid 7.1 percent, to $237 million, after increasing 4.5 percent in 2012. Profits per equity partner were down a more modest 1.9 percent, to $3.36 million, following a 19 percent surge in 2012. While it is too early to tell how the declines will affect Irell’s place in this year’s Am Law 200 rankings, it has placed among the top 10 firms in both revenue per lawyer and profits per partner in recent years.
